How does DocuSign CLM handle contract approvals?

Product Marketing

Short version: DocuSign CLM streamlines contract approvals through its automated approval workflow feature. Contract approvals can often involve multiple stakeholders, which can complicate and prolong the process. With DocuSign CLM, you can set up automated workflows that guide contracts through the approval stages efficiently. This includes sending notifications to the relevant parties when it’s their turn to review or approve a contract. The approval workflow feature allows you to define specific paths that contracts should take, which can vary based on the type of contract or the stakeholders involved. For example, if a contract requires legal review, it can be automatically routed to your legal team first, and then proceed to finance for budget approval afterward. Each stakeholder can easily access the contract, add comments, and approve or reject directly within the platform. This eliminates the need for back-and-forth emails, making the process faster and more transparent. This solution fits well for teams that have complex approval hierarchies or those that frequently handle contracts needing multiple approvals. It simplifies communication and ensures everyone involved is on the same page. However, if your team is small and typically works with straightforward contracts requiring only one or two approvals, the added complexity of an automated workflow may not be necessary for you. One important consideration is to ensure that all team members are adequately trained on how to use the approval workflow features effectively. A short training session could go a long way in making sure everyone understands how to navigate the system and adhere to the workflows set up. This preparation can significantly enhance your overall contract management efficiency.