1. What is contract automation with Elixa about?
Contract automation is the use of software to enable both legal and non-legal teams to self-serve on routine legal documents, at scale, without needing to involve lawyers every time. Automation with Elixa can deliver the efficiency of an automated contract lifecycle without sacrificing the things that matter, like contract collaboration, negotiation, execution, performance and tracking.
2. Why should I automate contracts with Elixa?
The daily volume of routine contracts in a fast-growing business affects numerous teams, and in different ways. Elixa covers all departments including Legal, Sales, HR, Operations, Finance and Procurement, and makes contracting easy and efficient for all your teams.
3. What are my roles on Elixa?
An efficiently automated Contract workflow has defined roles for its various stakeholders. In Elixa, legal counsel will prepare the templates; but instead of creating new Word versions of the latest contracts and hoping that sales users find and use it, they can simply define and update one master template, meaning there are no alternate versions with which sales can confuse it.
4. Who creates the contracts in Elixa?
To really enable sales, automation needs to be about self-serve. With confidence in the currency of the legal template and control over it, legal counsel can empower salespeople to generate their own document within the defined, approved template. Elixa also supports you so that your contracts are at all times compliant with the la
5. Who are the approvers?
Legal retain control by having approval rights before contracts go for signature. This workflow ensures that legal has oversight, without putting too much friction in the process. Other stakeholders, like sales managers, project teams and IT teams, might also need to approve and these permissions are created within the system.
6. Who are the authorized signatories?
Authorized signatories could range from sales managers to CEOs depending on the size and structure of the company. If an automated workflow has native eSignature, then authorized signatories can quickly and securely sign deals that have received legal approval.
