Self-Service NDA 2017-11-02T02:22:56+00:00

Self-Service NDA

Legal Operations Use Case

Automating NDAs for transformative results

Automating the NDA process can generate enterprise-wide consistency and sizable savings. One example: When Yahoo Legal leveraged TAP, it created a self-service NDA portal covering 20+ countries, even utilizing Chinese characters.

Though used by hundreds of employees annually, it freed lawyers or paralegals from being bogged down in those hundreds of transactions. While eliminating hundreds, even thousands, of costly wage hours.

“Now, it is rare that a lawyer has to touch an NDA. Users can initiate and complete the NDA workflow on their own from a link on an internal Yahoo website, and they track the progress of each NDA.”

Jeff Franke
Former Senior Director of Global Legal Operations, Yahoo

Challenge:

Automate the NDA submission and review process to eliminate inefficiencies, improve compliance, and reduce costs.

Solution:

  • Using a self-service online portal and standardized forms, users can request and obtain error-free NDAs without any involvement by a lawyer.
  • NDAs can be custom-designed or use TAP’s pre-formatted templates.
  • A full template repository warehouses NDA templates to meet any contingency.
  • Routing of requests to the right internal stakeholders, if needed, can be built into the NDA workflow.
  • Signature authority requirements are integrated into the workflow and can leverage secure e-signature tools.
  • Real-time status monitoring provides process oversight.
  • Stakeholders can collaborate in approval processes and more complex NDAs via online commentary/notation.
  • Notifications and alerts can be dispatched to stakeholders at pre-designated points throughout the process.

Benefits:

  • The NDA process can be up to 7 times faster, 15 times more efficient, with 100% compliance and up to 400% ROI.
  • Simple standardized NDAs can be obtained any time, any location, without costly internal review by legal personnel, driving considerable savings.
  • Via a single portal, large enterprises can now manage NDA processes at scale, even across global networks.
  • Automating the process delivers an error-free workflow and user experience that’s faster and more reliable.
  • NDA workflows are automatically backed up to a secure Cloud archive, and easily accessible for audit, governance and compliance purposes.
  • E-signature integration standardizes secure approvals.
Client - Yahoo!

“TAP is a cornerstone of our legal IT infrastructure.  It would be one of the first tools I’d implement if I were starting from scratch.  It’s transformational.”

Jeff Franke
Former Senior Director of Global Legal Operations, Yahoo

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