Digital contracting is a process that turns the entire contracting lifecycle - not just signature, or storage, but every stage of the journey - into a data-first, collaborative, browser-based workflow.
This enables everyone in the business to work with contracts seamlessly - whatever their role. If that sounds like something you're interested in, then hit the button below. To find out more, keep reading.
Book a demo to find out how Juro is helping 6000+ companies to agree and manage contracts up to 10x faster than traditional tools.
To date, contract lifecycle management software for the most part fails to deliver true digital contracting. Instead, it interacts with collaborative processes at certain points, but mostly maintains the status quo by pushing Word documents and PDFs between systems. This means data is lost, or never captured at all, and systems don’t integrate seamlessly, causing friction between teams:
Most of the process illustrated above relies on static files and unstructured data, which leads to the familiar problems that commercial teams encounter with contracts:
These problems only get worse with scale, which is why high-growth businesses often invest early in a contract automation platform.
Implementing digital contracting through Juro takes an average of less than three weeks, as we focus on getting to core value quickly. At its core, there are three differentiators that mark out digital contracting:
Users can set up workflows for contract creation, approval, signature and post-signature management (like renewal reminders) without needing any technical or development input.
Contracts are created as structured data, meaning data is captured from inception and at every stage - negotiation data is part of a full digital audit trail that can be easily accessed.
Contracts’ existence as structured data means that legal documents, and the data that accompanies them, can flow seamlessly between systems. That might mean into CRM like Salesforce, or into an ATS like Workday, or into collaboration tools like Slack.
Setting up a true digital contracting workflow, in line with these principles, would make the process look more like this:
In this process, data is captured and retained at every stage, able to drive actionable insights; and the whole process takes place without ever needing to leave the browser.
Adoption of a digital contracting platform enables teams to collaborate more effectively on contracts, with benefits for each business function affected by contracts. Let’s take a look at the benefits to the affected teams below.
In-house legal teams are usually the ‘owners’ of contracts in the business. They create and manage the templates that business teams use to generate the documents they need. A digital contracting platform like Juro gives them the following key features:
These features enable legal to get results without sinking all their time into low-value work.
We’ve heard legal teams report back that they saved up to 80 per cent of their previous time spent on low-value contracts through implementing digital contracting with Juro.
Perhaps no business team is more concerned with speed and efficiency in the contract workflow than sales. With true digital contracting, sales teams can stop contracts being a necessary evil, and instead make them a quick and painless touchpoint on the road to hitting revenue targets. A digital contracting platform like Juro gives them the following key features:
With digital contracting, sales teams can stop worrying about paperwork and focus on what really matters to them - closing deals.
HR and people teams are key stakeholders in the contract process, but often HR contracts - particularly when it comes to hiring new employees - are a painful, bureaucratic process that takes far too long. HR teams are increasingly moving to software solutions to avoid this. A digital contracting platform like Juro gives them the following key features:
HR teams moving to digital contracting with Juro report saving up to 75 per cent of time on paperwork, letting them focus on finding and securing the right candidates.
To achieve its goals and deliver on its promise, a crucial factor when it comes to vendor selection is adoption. There’s no point in trying to implement software that’s too difficult for business teams to use.
Juro leads the market on ease of setup - check out Juro’s reviews on G2 to find out more about the difference that an intuitive UI and fast implementation can make to your objectives with contracts. Check it out below.
Check out these resources to find out more about digital contracting:
The International Association for Contract & Commercial Management (IACCM)| Artificial Lawyer | Corporate Legal Operations Consortium (CLOC) | Capterra | Radiant Law | Juro's contract automation explainer page
If you’re working at a high-growth business and feel you’d benefit from adopting digital contracting, hit the big button below to get in touch and find out more.
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The Juro knowledge team is an interdisciplinary group of Juro's brightest minds. Our knowledge team incorporates different perspectives from a range of knowledgeable stakeholders at Juro, including our legal engineers, customers success specialists, legal team, executive team and founders. This breadth and depth of knowledge means we can deliver high-quality, well-researched, and informed content, leaning on our internal subject matter experts and their unique experience in the process.
Juro's knowledge team is led by Tom Bangay, Sofia Tyson, and Katherine Bryant, but regularly features other contributors from across the business.
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Modern businesses use Juro to automate contracts from drafting to signature and beyond, in an AI-enabled platform that every team can use. Want to see how?
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