As the market for contract management software grows, so do the options for native redlining systems.
You’ll generally see these solutions marketed as web-based alternatives to using Microsoft Word, offering similar functionality to its Track Changes feature.
In theory, this method offers some advantages over the traditional Word redlining process as, for example, it doesn’t require documents to be downloaded and therefore helps with maintaining version control. It also allows for co-editing and potentially quicker agreement on contract language.
So far, so good.
However, we all know that contract professionals are a diverse group, with some being happy to adopt new technologies, while others are either content with their longstanding processes or obliged to use legacy solutions due to rules outside of their control.
Certainly not every contract professional will want, or be permitted, to use a native redlining solution. And even if they are, the third-parties that they’re aiming to contract with might well be unable or unwilling to do so.
So what does this mean for contract professionals when they’re comparing CLM solutions and weighing up those with native editors?
There are a few considerations:
- Are you confident that your internal teams will be happy to learn and work in a new system?
- Are you confident that the third-parties that you contract with will be happy to learn and work in a new system?
- Does the solution replicate all the key functionality you rely on with Microsoft Word Track Changes?
The above questions need to be considered carefully. Any limitations can lead to poor user adoption and teams finding workarounds.
With Legal Counsels typically finding themselves under time and resource pressure, the temptation to revert to previous processes is naturally strong. Any disruption to this kind of work can increase contract risk, create difficulties for versioning and slow down negotiations.
Redlining your way
At Gatekeeper, we believe that contract management software should work with your business - rather than against it. When it comes to redlining contracts, Legal teams and any other party in the business working on a contract, should be able to work wherever they want to work. That’s why our options work with your process.
Gatekeeper doesn’t aim to replace Microsoft Word. It’s tool-agnostic, leaving the choice up to you."
Below, we take a look at how contract management software can be used to compliment, improve and streamline your redlining process. Gatekeeper prevents fragmented processes, helps businesses to keep control of their version history and gives in-house legal teams confidence in the solution they are using. Let’s see how.
Redline contracts in eNegotiate
eNegotiate is a redline solution that allows you to work within Microsoft Word. Legal teams can track changes natively with the end-to-end Microsoft-compliant solution.
It can be used to redline contracts supplied by vendors or other members of an internal team. eNegotiate allows teams to work centrally within Gatekeeper, while using the platforms they know best.
Legal teams are given greater control of version tracking. eNegotiate tracks all versions and stores them against contract records automatically, centralising all information and creating an auditable history. This improves visibility, accuracy and accountability while ensuring that everyone is working from the most up-to-date version.
eNegotiate is Microsoft Word-compliant
Not only is eNegotiate completely compatible with Microsoft Office, it also saves huge amounts of time. Users can generate unlimited Microsoft Word-based contract templates, using data from contract records to speed up the process.
The inclusion of a clause library also allows contracts to be generated and self-served, using approved boilerplates to ensure they are legally binding and compliant.
Gatekeeper keeps legal teams in the tools they already know. Unlike third-party solutions that take legal away from Microsoft Word, there are no barriers when it comes to eNegotiate. This streamlines the entire negotiation process and speeds up time-to-value.
Redline documents in your web browser with Office for the Web
For teams looking to save time, the process of downloading, redlining and uploading contracts can feel arduous. Not only is it time consuming, but it also doesn’t lend itself to teams that are working remotely or who have multiple stakeholders involved in the process. That’s why Gatekeeper integrates with Office for the Web, a web-based version of Microsoft Office.
This integration streamlines the negotiation process by improving real-time collaboration. Users can edit internal agreements directly in a web browser rather than downloading it. Collaboration is enhanced as multiple people can redline at the same time, with visibility of who is making what changes.
Office for the Web allows users to check documents in and out without downloading them
Users will be able to view and edit repository documents in the web browser. Any changes will be saved automatically and checked back into Gatekeeper and saved as the latest version. This means there’s no longer a need for different users to download documents and create multiple versions.
Collaboration in real-time enhances the negotiation process, keeps teams aligned and saves time."
The Office for the Web integration keeps legal teams in the program that serves the best - even if they don’t have Microsoft Office installed on their device. All they need is a Microsoft licence.
Redline in Gatekeeper’s native editor
Not all teams use Microsoft Word. And not all businesses will want to use a third-party redlining solution. For compliance reasons, it may be in a business’s best interest to redline within the contract management software they are using.
Gatekeeper works alongside these types of businesses too - offering them the native GK Editor tool. GK Editor is a native in-browser document editor.
It allows teams to redline, negotiate and publish documents within Gatekeeper. It reduces many of the steps involved in using Microsoft Word or any other editor - such as the need to download documents, track changes, make new suggestions and reupload the recently saved version back to the repository.
GK Editor allows users to:
- Make edits directly to an agreement
- Present preview versions without having to open other applications
- Save the updated version straight into the Gatekeeper repository.
By using a native redlining system, users never have to move agreements outside of the contract management system. With no reason for new versions to be made, a fragmented approach to negotiations is a thing of the past.
As we outlined at the start, native redlining solutions have certain characteristics that mean they’re not suitable for every business or situation. However, by making it one option rather than the only option, Gatekeeper offers the best balance.
GK Editor is a native, in-browser editor from Gatekeeper.
Gatekeeper is the only contract management software that offers native support for Microsoft Word, Office for the Web and an internal editor. These options save legal teams time from training on new programs, chasing the most up-to-date version of agreements and spending too much time uploading and downloading documents.
With the option to work in the redlining solution that suits your team best, the negotiation process becomes seamless. If you’re ready to find out more about our redlining options or how Gatekeeper can help you to improve your negotiation process, book a demo today.