The length of time this takes, and the bottlenecks and delays it creates, has given rise to a number of very pointed questions:
There’s nothing more frustrating for leadership than deals that could have gone faster – or even worse – deals that fell through on account of lag time.
With self-service NDAs, this risk (among others!) can be greatly mitigated.
For starters, there’s the sheer number of disadvantages that manual, paper-driven NDA processes present:
Plus, let’s not forget the sheer cost of manual NDA processes. In one case study, the pioneering legal digital transformation consultants at Keesal Propulsion Labs found:
One company estimates a savings of $135K a year after automating and streamlining their NDA process. Of the NDAs distributed for signatures, 85% are now signed, up from 50% originally.
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