SMASHDOCs, the world’s leading development and marketing platform for collaborative word processing solutions, simplifies and accelerates collaboration in drafting, negotiating and signing agreements with its new solution for agreement projects. The new solution significantly reduces process costs and allows agreements to be drafted up to 50 percent faster. “SMASHDOCs’ for Agreement Projects” is the most powerful agreement project solution worldwide and allows all stakeholders to work collaboratively from the first draft to eSigning. The new SMASHDOCs solution is suitable for companies in all sectors, whether medium-sized companies or large corporations, including insurance, banking and finance companies, as well as industrial enterprises.
A single version: The entire draft contract on one platform
The draft agreement can, if required, begin with a dynamic template. A smart questionnaire always asks the right questions to guarantee the creation of an error-free draft that precisely matches the company’s specifications. “Thanks to SMASHDOCs, we no longer have to suffer from a flood of emails or the chaos of numerous versions of the same document. SMASHDOCs gives us a single version of the agreement in which all proposed changes, pending decisions and stakeholder comments can be tracked with a single click,” explains Christian Marchsreiter, Managing Director of Toppan Merrill GmbH. The draft agreement is stored online and every action is automatically logged and audit-proof. It is also possible to add legally compliant, digital signatures without having to leave the online agreement – and without any additional software. At the end of the drafting process, the digitally signed agreement and a clearly documented history of the entire history of origins are archived in PDF format. Negotiations with other stakeholders can be conducted online via the platform or via exporting a Word version of the draft agreement and re-importing the modified Word document with comments from the relevant parties. SMASHDOCs is fully compatible with Microsoft Word.
Unrivaled performance, transparency and efficiency
SMASHDOCs offers unparalleled performance for agreement projects. The new solution ensures that every single step in the drafting and negotiation process is transparent and traceable. With smart version control, SMASHDOCs simplifies workflows with its patented, section-by-section versioning, which makes sure that the entire agreement drafting team knows precisely when and where a content change has been suggested and whether it has been apprived or not. A second patented feature, intelligent change tracking, ensures that no project stakeholder will ever miss or overlook modifications because it automatically highlights all of the changes that are new to the respective viewer (“Adaptive Redlining”). Thanks to SMASHDOCs, project managers can also easily assign individual roles and access rights for any agreement, which means that each user can be assigned a read, comment, proposal or approver role. SMASHDOCs’ powerful integrated comment function facilitates detailed discussions about agreement content in real time, including confidential exchanges between selected users, thereby reducing the volume of email traffic by up to 100%. Metadata, such as the start date of the agreement, interest rates, prices and bank transfer information can be conveniently tagged in the online agreement, allowing agreements to be generated in a contract management system once negotiations have been completed without manual input. The system can even generate self-executing “Smart Contracts.”
Fully integrated into the Microsoft ecosystem
With “SMASHDOCs Agreement Projects”, the Munich-based digital pioneer has made yet another massive innovative leap forward. The company has already achieved full integration into the Microsoft ecosystem of more than 200 million Microsoft 365 customers, 75 million daily active Microsoft Team users and over 70,000 Microsoft resellers worldwide.