Posted By : Malthe Vinter 07.05.2025

Cut Signing Time by 50% with 5-Steps

Welcome to another G.O.A.T. Hack! At GoatSign, we're dedicated to helping you become the Greatest of All Time in contract management - without the unnecessary complexity. Today, we're introducing a streamlined 5-step contract workflow designed to reduce your signing time by up to 50%. Whether you're in legal, sales, HR, or procurement, this workflow can transform how your team handles contracts from draft to completion.

The 5-Step Contract Workflow to Cut Signing Time by 50%

Step 1: Standardize with Smart Templates

Creating standardized templates for frequently used contracts—like NDAs, sales agreements, or onboarding documents—can significantly reduce drafting time and errors. By using smart templates, you ensure consistency and compliance across all your documents.

• Reduces drafting time and errors.
• Ensures consistency and compliance.
• Accelerates the approval process.

Supporting Insight: Implementing contract templates can dramatically cut down on drafting time and reduce back-and-forth with legal counsel, thereby speeding up the signature process. AMST Legal

How GoatSign helps: GoatSign offers customizable templates that you can tailor to your specific needs, ensuring a seamless start to your contract workflow.

Step 2: Automate Approval Workflows

Manual approval processes can be a bottleneck. By automating your approval workflows, you can route contracts to the right stakeholders in the correct order, ensuring timely reviews and approvals.

• Eliminates unnecessary delays.
• Provides clear visibility into the approval process.
• Ensures accountability at each stage.

Supporting Insight: Automated contract approval workflows improve visibility for collaborating parties, allowing users to see who has sent a contract for approval and when, as well as when it has been approved and by whom.

How GoatSign supports this: With GoatSign's Signing Sequence functionality, you can set up multi-step approval processes that align with your needs.

Step 3: Implement Secure E-Signatures

Transitioning from manual signatures to secure electronic signatures not only speeds up the signing process but also enhances security and compliance.

• Enables remote signing from any device.
• Provides a secure and legally binding signature.
• Reduces paper usage and associated costs.

Supporting Insight: Electronic signatures are completely legal and more secure than physical signatures; electronic contract signing speeds up contract execution, minimizes errors, and reduces costs.

GoatSign advantage: GoatSign ensures that all electronic signatures are compliant with international standards, providing peace of mind for all parties involved.

Step 4: Centralize Document Storage

Storing contracts in a centralized, secure repository allows for easy access, tracking, and management. This centralization ensures that all stakeholders have access to the latest versions and can monitor contract statuses in real-time.

• Real-time tracking of contract statuses.
• Secure storage with access controls.
• Audit trails for compliance and accountability.

Supporting Insight: A centralized contract repository streamlines processes and reduces risk by improving transparency, efficiency, and information security.

How GoatSign makes this easy: GoatSign's platform provides a centralized overview where you can manage all your contracts efficiently.

Step 5: Analyze and Optimize

Regularly reviewing your contract workflow helps identify bottlenecks and areas for improvement. By analyzing metrics such as time-to-sign and approval durations, you can make data-driven decisions to enhance efficiency.

• Average time from draft to signature.
• Approval durations at each stage.
• Common reasons for delays or rejections.

Supporting Insight: Tracking contract management metrics, such as the number of contracts in your workflow for extended periods, helps identify bottlenecks and inefficiencies, enabling you to streamline processes and reduce delays.

Actionable Takeaways

• Standardize your contracts with smart templates to ensure consistency.
• Automate approval workflows to eliminate delays.
• Implement secure e-signatures for faster, compliant signing.
• Centralize document storage for easy access and tracking.
• Analyze your processes regularly to identify and address inefficiencies.

Ready to Become the G.O.A.T. of Contract Management?

Experience the power of streamlined contract workflows with GoatSign. Sign up today and take the first step towards reducing your contract signing time by 50%.