Legal documentation processes for asset-based lending company is transformed with automation

FlexABL previously had a suite of master templates to manually update in Word. This could be very time-consuming but now with the help of Doc2, document packs are created in under 20 minutes ready for eSigning.

Flex ABL

Additionally, legal review times are down due to the smart integration with Companies House ensuring data quality along with the peace of mind over template compliance and FlexABL can now focus even more on their working relationships with each client.

Before using Doc2

With any well-run finance company client legal documentation has to be comprehensive, to cover all eventualities. Significant time and money has been spent creating an appropriate and detailed suite of documentation. Manually updating these templates could be highly administrative and required considerable knowledge. As such, teaching new employees to complete the documentation required significant training.

Given the changing world and to reduce their overall impact on the planet, FlexABL set out to remove the need to print documentation and reduce the number of face-to-face meetings required to complete these cumbersome but very necessary tasks. To achieve this it turned to Doc2, to simplify and improve the process to onboard new clients.

How Doc2 helped

Creating new deal documents is now very simple. The platform automatically generates bespoke documents based on answers. It adds in and removes the necessary clauses without even having to open Word and is totally driven by FlexABLs own templates. The Companies House integration pulls in accurate company data in seconds (Company names, addresses and registration numbers), improving turnaround time and eliminating a large portion of the previously detailed review.

New employees can be trained and trusted to create complex legal documentation in a fraction of the time due to the highly simplified process and straightforward user interface.

20 MINUTES

Legal document packs are now compliantly created in under 20 minutes.

15+ TEMPLATES AUTOMATED

Legal document templates from across the business have been automated to maximize efficiency.

COMPLIANT DOCUMENTS

Directors review documents much more quickly as only certain variables can change.

Read more about how Flex ABL automated their legal documentation.



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