Contract approval processes with multiple reviewers are difficult to manage using email alone. Organizations often end up having someone physically run back and forth between reviewers with a folder full of redlined contracts. Manual work like this leads to wasted time, excessive spending on extra staff, and can still result in incorrect contracts that can end up in litigation.
With Nintex Workflow Cloud and business logic based on branching stages you can quickly create a workflow that automatically routes a request for contract approval between appropriate reviewers. Rather than having to code all of the possible paths between reviewers who approve or request changes to the contract, NWC stages allows you to focus on the response logic for each reviewer’s decisions, while the workflow takes care of shifting between reviewers. Each contract follows a workflow driven by the approval and rework decisions for that document alone. Some contracts will be approved by all reviewers and will follow the shortest possible workflow, while others will have multiple rework requests and may visit several reviewers multiple times.
As a result of using branching stages, you can quickly add or change reviewers and adjust the decision logic. This gives you the flexibility to adjust for changing conditions in the organization, market and regulation environment.
|The Workflow (click image to enlarge)|
In a contract approval workflow with branching stages, the workflow’s responses are driven by the logic at each stage.
|Design a contract approval workflow||Visit the Nintex Workflow Cloud landing page|
|Create a Contract approval workflow||View a demo of a contract approval workflow|
|Take your contract approval workflow to the next level||Visit the Help files for detailed guidance|
|Follow the attached guide (below) to create your own approval and routing workflow||Contact Support for help debugging your Workflows and Forms|