DocuSign Inc.

11/20/2024 | News release | Distributed by Public on 11/20/2024 13:44

Turn Contracts Around Faster with Docusign AI-Assisted Review

The new Docusign AI-Assisted Review for Docusign CLM speeds up contract review and empowers more of your business to review and negotiate contracts without jeopardizing compliance with your legal team's and organization's requirements.

This feature is available now to CLM and CLM+ customers in the United States.

Cut down on lengthy legal review processes

Manual contract review can be a lengthy, time-consuming process. As organizations grow, so do the number of agreements requiring review. Ultimately, this can mean an unnecessary burden for senior legal and other team members whose time and attention may be better spent on more complex negotiations.

With Docusign AI-Assisted Review, CLM users can easily accelerate contract review and negotiation and empower more of the business to get involved, while ensuring agreements are reviewed according to the same standards and requirements. By adopting this feature, your legal team can buy back time to focus on higher-value, more strategic work.

Read on to find out how this powerful feature helps improve the speed, efficiency, and compliance of your organization's contracting processes.

Speed up time to signature

Docusign AI-Assisted Review leverages the power of generative AI in a Microsoft Word add-in with the following capabilities:

  • Automate contract review with AI. Review contracts against your organization's pre-approved playbooks with help from AI. Where language doesn't align with your standards, get markup suggestions to bring terms back into compliance.

  • Generate new clauses and markup suggestions. Describe in plain language the markups or new language you'd like to insert and let AI generate it for you. No more having to start from scratch or find a good reference clause to build on.

  • Answer contract-related questions. Ask questions about the contents of your contract and get quick answers thanks to AI, along with links to relevant source text to confirm for yourself.

Manage risk and compliance across teams

To keep pace with business, it's essential that legal teams empower more of the organization to review and negotiate. Docusign AI-Assisted Review helps to ensure that every agreement is negotiated according to the same standards and positions, even as the number of team members involved in the process increases. Enjoy the benefits of:

  • Centralized contract playbooks. Easily create contract playbooks for all your organization's agreement types and positions. Ensure that team members involved in review and negotiation have the information they need to do so effectively.

  • Standardized review processes across growing teams. Ensure that legal and non-legal teams across your organization-no matter how large-review agreements according to the same standards and positions.

  • Simple administration. Create and update your playbooks and manage permissions yourself. Rules can be written in plain language, so maintaining playbooks and creating new ones is simple, helping to ensure your playbooks are always up-to-date as your legal requirements change.

Free your team to focus on more complex negotiations

When only a handful of team members are empowered to review and negotiate, they can easily become a bottleneck to quick contract execution. For sales, procurement, and other teams, that can mean trouble-especially at end-of-quarter, when every moment counts. But with Docusign AI-Assisted Review, legal teams can give teams beyond legal the tools and resources they need to review and negotiate effectively without sacrificing compliance with legal and business requirements. That means more time for legal to devote to higher risk, more complex agreements where their expertise is especially critical-and fewer bottlenecks for your business.

Accelerate your contract creation processes today

Docusign AI-Assisted Review accelerates contract review and negotiation with generative AI inside Microsoft Word while empowering more of your business to review and negotiate in compliance with your legal team's standards. The result? Faster deal cycles for sales, greater autonomy for procurement, and more-all without adding unnecessary risk.

Interested in learning more about Docusign AI-Assisted Review?

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