5 Ways to Speed Up Your Contract Approval Process

Contract bottlenecks cost businesses time and money. Here are five proven strategies to accelerate your approval process without cutting corners.

1. Use Standardized Templates

Pre-approved templates eliminate the need for legal review on every contract. Create templates for common scenarios and get them blessed by legal once.

2. Implement Parallel Approvals

Don't wait for sequential sign-offs. Use workflow automation to route contracts to all stakeholders simultaneously.

3. Set Clear Deadlines

Contracts without deadlines get deprioritized. Include specific approval timelines and automated reminders.

4. Enable Mobile Signing

Don't wait for people to get back to their desks. Mobile-optimized e-signatures mean contracts get signed on the go.

5. Track and Measure

Monitor approval times and identify bottlenecks. Use data to continuously improve your process.