Why Koncision Contract Automation? Because of the Advantages It Offers
As compared with the traditional process of drafting business contracts, Koncision Contract Automation offers users the following important advantages:
Save time
- With Koncision, you can create an authoritative first draft much more quickly than you can by using the traditional cut-and-paste process.
- Because Koncision contracts are shorter and much clearer than conventional contracts and omit superfluous provisions, you’ll close the deal sooner.
Be more competitive—law firms
- Using Koncision allows law firms to reduce or eliminate the nonbillable hours they routinely incur drafting contracts.
- Koncision allows law firms to do more work in the same amount of time, allowing for increased profitability.
Be more competitive—companies
- By streamlining the drafting process, Koncision reduces the risk that delay will cause a sales prospect to go with the competition.
- Koncision helps you eliminate from a contract any provisions that unnecessarily impede negotiations.
Reduce risk
- With Koncision, you greatly reduce the likelihood that confusing contract language leads to a dispute.
- Koncision will help ensure that you address all important deal issues.
- Using Koncision reduces the risk of your contracts containing provisions that don’t reflect changes in the law or differences between jurisdictions.
Improve training
- Training that’s made available in the context of everyday work is more effective than training that’s administered in a conference room or via a webcast. The guidance incorporated in Koncision questionnaires provides targeted training when it’s most useful—while the user is deciding what to include in a contract.
Improve morale
- Transactional lawyers add most value by determining strategy and negotiating, but they spend an inordinate amount of time drafting contracts in the traditional manner, with all the inefficiency and repetitiveness that entails. By allowing lawyers to devote more time to higher-value tasks, Koncision would improve morale.
