Your Awesome Bank Manager checks the client’s credit score and begins drafting a loan agreement inside AXDRAFT.
They draft the agreement by answering simple questions and filling in client information.
The agreement is shown to the client and signed on-site or via the platform. The client does not need to sign up with AXDRAFT to access it.
The loan agreement is ready to be signed.
If a custom clause is required in the agreement, the manager adds a comment to the document.
Automated workflows send the document to a legal team for approval within your Awesome Bank.
They review the contract inside AXDRAFT.
Once legal is happy with how the document looks, they approve it in one click.
Both parties sign the loan agreement.
Any team member of your bank can easily check the agreement’s terms via AXDRAFT cloud storage.
Spend minutes instead of hours drafting documents and modifying clauses with AXDRAFT CLM. Our platform makes distributing documents easier and enables timely contract reviews and approval, helping your bank secure more deals.
Our contract lifecycle management software supports remote banking operations. Draft documents and send them to clients for filling in data. By integrating local registries and valid e-signature tools, the entire process takes minutes. There’s no need to meet your clients in person.
AXDRAFT CLM offers smart storage and search features that let banks organize documents into logical bundles, track key contract deliverables, and take action to extend contracts. Ensure regional and industry compliance by keeping all documents within easy reach.
AXDRAFT CLM protects data by encrypting and safeguarding it against data breaches on our platform. Sensitive information will no longer be compromised across emails or shared folders.
Reduce your time spent drafting, filling in, and signing sales contracts to zero. With AXDRAFT QuickDocs, you can create branded self-service contracts with conditional workflows. Improve customer experiences by giving them full control over the contract workflow.
AXDRAFT made it possible to standardize all procurement-related contracts and ensure that the employees always use the most up-to-date templates.
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AXDRAFT ensured that all client information is provided once and is automatically transferred to all the necessary documents.
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By automating the ISDA Master Agreement drafting, AXDRAFT helped The Royal Bank of Scotland accelerate their supply agreement management and increase their capacity for more valuable work, all the while mitigating risks through securing contract quality and integrity.
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FREQUENTLY ASKED QUESTIONS
How much time do banks save with AXDRAFT?
Banks process contracts 89.3% faster after switching to AXDRAFT CLM. You can estimate your own savings using our pricing calculator.
How much money does AXDRAFT help banks save on contract management?
With streamlined contract workflows and automated routines, banks that use AXDRAFT reduce legal spend by an average of $752.6K annually.
Which aspects of bank contract management does AXDRAFT cover?
AXDRAFT CLM helps banks shorten loan approvals and lease granting. In addition, bank managers can track contractual obligations and generate performance reports based on the amount of contracts they processed.
Which tools does AXDRAFT replace for banks?
AXDRAFT CLM makes contract workflows frictionless by combining word processing, template assembly, document collaboration, email, task management, cloud storage, e-signatures, and analytics into one software.
Can I migrate my existing contracts onto the platform?
Of course! Migrating to AXDRAFT is free of charge, and it doesn’t matter where you’re migrating from—paper contracts, legacy software, or another CLM.
Can AXDRAFT integrate with my CRM software?
Absolutely! AXDRAFT offers integrations with CRM platforms such as Salesforce and Pipedrive, as well as collaboration tools like Slack.