How many of you are looking forward to the holiday season and everything it brings? For most people, late December means long evenings with family, too many cookies, and puppies leaping out of elaborately wrapped boxes; in short: joy.
However, if you’re a corporate or in-house lawyers, chances are you view December with a mix of anticipation and dread. And no, it’s not because of Aunt Milly’s fruit cake. It’s because you fear that this year will be like last: that you’ll miss out on holiday festivities and family time trying to eke out contracts by year’s end.
There are many reasons why companies want contracts signed, sealed and delivered by December 31st. Whether it be to hit revenue targets, take advantage of discounts or incentives, or use up budgets that vanish when the clock strikes midnight, the end of the calendar year often means piles and piles (and piles and piles) of documents that need to be edited, negotiated and approved. And that, in turn, means missing out on some of the magic the holiday season has in store.
One way to make sure you get your fair share of eggnog is to use technology to streamline contract creation and negotiation. Implementing software that allows you to work off contract templates, pull from catalogs of preferred and fallback clauses, and even simplify negotiation will give you back not only time, but peace of mind. Never mind that contracts completed in haste (or in the haze of holiday hangover) are more prone to human error.
It’s becoming increasingly evident that document assembly and contract management software are not passing trends, but essential parts of growing your business. Employing tried and true technologies to ease the entire lifecycle of your entire contract portfolio will make legal firms and departments more productive and efficient all year long.
While there’s no software that can help you please the in-laws or roast the turkey (yet), this holiday season do your company, yourself and your family a favor: look into contract automation and document assembly. Next year, let contract management software save time, give you peace of mind, and help bring the joy back to the holidays.