For decades, organizations have placed great importance on how effective their teams are – how quickly they can deliver results within a given time frame. As business needs change, leadership teams are reassessing organizational priorities to improve their responsiveness to change and their ability to win.
Companies are now doubling their productivity. High-growth teams are looking for AI-powered operational scalability that can dramatically increase organizational output and deliver consistent performance using the same amount of resources.
organizational workflow
A study by Bain & Company, Inc. found that 20% of employee productivity is lost to “organizational resistance” such as manual work, unnecessary meetings, and poor workflow. Some degree of disruption is inevitable in any organization, but productivity can only be improved if efforts are made to fix the root causes.
One of your responsibilities as a team building leader is making multifaceted and sometimes difficult decisions about the process. Work that demonstrates leadership with a certain capacity for change, builds organizational structures while preventing excessive bureaucracy, and allows employees to focus their time on the specific tasks they need to accomplish throughout his day. I need to develop a model.
How to make the contracting process more productive
Legal teams in various industries tend to be seen as bottlenecks and time impediments in getting projects to the finish line. However, Margaret Minster, Ebiart’s general counsel, said: “The legal department is not the ‘number one department.'” Your legal team is adept at negotiating and reaching mutually beneficial solutions to close deals and increase sales. ”
There needs to be a way to shake off this less-than-ideal reputation while at the same time addressing the current reality that tasks are often very time consuming due to manual work and labor. What can organizations do to successfully switch to a productivity mindset, prioritizing employee satisfaction while meeting contractual goals?
Enable better time management
Take the time to research what takes up the most time for your legal team, and be proactive in streamlining processes and removing unnecessary roadblocks.
Consider implementing a solution that helps your team find key data faster and track key terms with full visibility. Consider how you can integrate your ERP with your e-signature system to deliver real-time data without tripping back and forth between programs.
Reformat an existing process
As a legal leadership team, investigate the contracting process. How are contracts and documents managed now? Where are they stored? Are there arrangements in place to enable seamless collaboration between departments and third parties?
Use Deloitte’s strategy as a guide and focus on your ability to win. Consider some processes that need to be maintained in order to achieve long-term success, and be open to pivoting from there to other places. That way, you can become a more successful company.
By streamlining contract management and implementing protocols for faster reviews and negotiations, you can help employees get the job done and meet company goals.
Investing in better technology
We give contracting teams the solutions they need to eliminate silos, reduce organizational drag, and truly increase productivity.
New law-specific generative AI enables faster and more intuitive drafting of new contracts and automatic redlining of specific languages while learning business-specific guidelines . AI-powered contract lifecycle management tools automate workflows and save time tracking contract versions as your team moves through the negotiation process.
Equipping your team with the right technology can greatly improve everyone’s day-to-day life. As generative AI gains momentum across business sectors, employees will be able to complete tasks easier and faster, improving productivity and overall employee satisfaction.
The ability to take an honest look at the current organization and focus on its ability to win and adapt to change to challenge the current state of low productivity and empower employees to feel valued and give their best. can be given. It may not be the easiest transition to begin with, but adopting this approach now will bring multiple benefits to your organization as you move forward.
