A large Dutch bank faced increasing complexity in managing its corporate credit legal documents. Disconnected systems, manual processes, and limited visibility across departments were slowing down contract operations and increasing operational and compliance risks. A new loan origination system exposed weaknesses in scaling their existing loan processes.
Challenge:
Replace the legacy solution with a future-proof, automated contract infrastructure. Decommission the incumbent document generation provider as it did not offer the full contract automation they required, created IT and external counsel dependencies they did not want, and did not integrate with their loan origination system.
Solution:
Shareforce deployed a centralised, legal content management system with a single source of truth for all clauses, streamlined approval workflows, and integrated its automated document creation engine with the bank’s Loan Origination System. This replaced manual, error-prone processes with data-driven contract generation of the full suite of corporate credit agreements.
Results:
- Data-driven, automated document creation, pulling data from the loan origination system to Shareforce
- 100% template automation, largely eliminating manual involvement
- Faster, highly automated bespoke lending journeys.
- Significantly reduced contract generation time vs. the incumbent solution, creating large headcount savings.
- Streamlined contract operations with full governance and auditability