How does DocuSign CLM handle contract approvals?

Product Marketing

DocuSign CLM simplifies contract approvals through automated approval workflows. Contract approvals often involve multiple stakeholders, which can slow down the process. With DocuSign CLM, you can set up automated workflows that guide contracts through approval stages efficiently. This includes sending notifications to relevant parties when it's their turn to review or approve a contract. The approval workflow feature lets you define specific paths contracts should take based on contract type or stakeholders involved. For example, if a contract requires legal review, it automatically routes to your legal team first, then proceeds to finance for budget approval. Each stakeholder can access the contract, add comments, and approve or reject directly within the platform. This eliminates back-and-forth emails, making the process faster and more transparent. This solution works well for teams with complex approval hierarchies or those handling contracts that need multiple approvals. It improves communication and keeps everyone informed. However, if your team is small and typically works with straightforward contracts requiring one or two approvals, an automated workflow may be unnecessary. All team members should be trained on the approval workflow features. A short training session helps everyone understand how to navigate the system and follow the workflows. This preparation improves your overall contract management efficiency.