Welp Magazine- Significant process cost reductions
- Complete contract drafting projects up to 50 percent faster
- Questionnaire-supported creation, negotiation and eSigning on a patented web platform
SMASHDOCs, the world’s leading development and sales platform for collaborative word processing projects, simplifies and accelerates collaboration in creating, negotiating and signing contracts with its new solution for contract drafting projects. The new solution significantly reduces process costs and allows contracts to be drafted up to 50 percent faster. SMASHDOCs’ Contract Drafting Projects is the leading contract drafting project platform worldwide and allows all contract drafting project stakeholders to work collaboratively from the first draft to eSigning. The new SMASHDOCs solution is suitable for companies in all sectors, whether medium-sized companies or large corporations, including insurance, banking and finance companies, as well as industrial enterprises.
A single version: The entire draft contract on one platform
The draft contract can, if required, begin with a dynamic template. A smart questionnaire always asks the right questions to guarantee the creation of an error-free draft contract that precisely matches the company’s specifications. “Thanks to SMASHDOCs, we no longer have to grapple with a flood of emails or the chaos of numerous versions of the same document. SMASHDOCs gives us a single version of the contract in which all proposed changes, outstanding decisions and stakeholder comments can be tracked with a single click,” explains Christian Marchsreiter, founder and CEO of smartwork solutions GmbH. The draft contract is stored online and every action is automatically logged and audit-proof. It is also possible to add legally compliant, digital signatures without having to leave the online contract – and without any additional software. At the end of the drafting process, the digitally signed contract and a clearly documented history of the entire drafting process are archived in PDF format. Negotiations with other stakeholders can be conducted online via the platform or via exporting a Word version of the draft contract and re-importing the modified Word document with comments from the relevant parties. SMASHDOCs is fully compatible with Microsoft Word.
Unrivaled performance, transparency and efficiency
SMASHDOCs offers unparalleled performance for contract drafting projects. The new solution ensures that every single step in the drafting process is transparent and traceable. With smart version control, SMASHDOCs simplifies workflows with its patented, section-by-section versioning, which makes sure that the entire contract drafting team knows precisely when and where an amendment has been suggested and whether it has been adopted or not. A second patented feature, intelligent change tracking, ensures that no project stakeholder will ever miss or overlook modifications because it automatically highlights all of the changes that are new to the respective viewer (Adaptive Redlining). Thanks to SMASHDOCs, project managers can also easily assign individual roles and access rights for any draft contract document, which means that each user can be assigned a read, comment, proposal or approver role. SMASHDOCs’ powerful integrated comment function facilitates detailed discussions about contract content in real time, including confidential exchanges between selected users, thereby reducing the volume of email traffic by up to 100%. Metadata, such as the start date of the contract, interest rates, prices and bank transfer information can be conveniently tagged in the online contract, allowing contracts to be generated in a contract management system once negotiations have been completed without manual input. The system can even generate self-executing “Smart Contracts.”
Fully integrated into the Microsoft ecosystem
With SMASHDOCs’ Contract Drafting Projects, the Munich-based digital pioneer has made yet another massive innovative leap forward. The company has already achieved full integration into the Microsoft ecosystem of more than 200 million Microsoft 365 customers, 75 million daily active Microsoft Team users and over 70,000 Microsoft resellers worldwide.
About SMASHDOCs
SMASHDOCs is a web-based development and marketing platform for collaborative word processing solutions for professional teams and is based on a unique, patented versioning and change tracking technology. The platform developed by smartwork solutions GmbH, a Munich-based software company, makes challenging word processing projects easy to manage and enables teams to be more productive. For more information on SMASHDOCs, please visit: www.smashdocs.net
