At Avokaado, we believe that contract management isn't just about documents—it's about relationships. Contracts form the basis of every business interaction, from onboarding new employees to managing vendors and partners. You need to make the data work for you to truly transform document workflows. That's why we created a unique approach to managing the most critical part of any contract: the parties involved.
Avokaado's platform provides an innovative solution that drives revenue growth, reduces operational overhead, and automates compliance by managing and automating the parties in your contracts. By transforming data fields like employer and employee information into dynamic, reusable entities, Avokaado allows businesses to unlock growth through automated operations and create a comprehensive, easily accessible knowledge hub for every business relationship. This "party management" approach is at the core of our Operational Intelligence, enabling proactive risk and obligation management, providing real-time compliance insights, and offering a unified view of your contract ecosystem to enhance strategic decision-making.
Streamlined Party Management for Easy Reusability
In the Avokaado workspace, we make it easy to automate the management of parties within a contract. Think of these parties as data fields that you can predefine and store—for example, an employer like Avokaado and an employee like Hazel Nut. You can add crucial details like ID codes, phone numbers, email addresses, and even representatives to each party's profile. This process allows you to create an intelligent, reusable database of the people and entities you work with, saving time every time you draft a new document.
Instead of repeatedly entering information, you can select from your existing party database, reducing manual effort by up to 30% and eliminating up to 90% of human errors through automation. Every contract built in Avokaado then becomes more efficient, more accurate, and a lot less tedious. By using this approach, Avokaado enables users to draft contracts faster, manage ongoing relationships more effectively, and ultimately accelerate the contract lifecycle, improving efficiency and reducing operational costs.
All Your Relationships in One Place
Contracts are more than isolated documents—they represent ongoing relationships. Avokaado helps you take a step back from document-centric workflows and instead take a relationship-centric view of contract management.
For example, imagine you're drafting contracts for HR purposes. Each time you prepare an employment contract between Avokaado and Hazel Nut, you add it to an overarching data record that tracks every contract, amendment, and termination between these two parties. You can see what was agreed on, changes over time, and the most current terms—like salary increases—all in one place. This retrospective record gives you a complete history and shows the most up-to-date, relevant information.
This approach doesn’t just simplify document management; it also provides advanced analytics and proactive risk management, offering invaluable insights into your business relationships and potential compliance risks. You can see the entire lifecycle of a business relationship—what's changed, when it changed, and where things stand today.
Intelligent Triggers to Reduce Manual Work
One of the most powerful features within Avokaado is the ability to use data from one contract to automatically create another. For instance, if you've already generated a job proposal, Avokaado can automatically trigger the creation of an employment contract using that same data—no copying and pasting, no additional clicks. Just seamless workflow automation that gets things done faster and with fewer errors.
These smart triggers allow businesses to move away from repetitive tasks and instead focus on what matters—building better business relationships and making informed decisions.
Operational Intelligence at Your Fingertips
For a deeper look into our Operational Intelligence dashboard and how it provides real-time operational insights, check out our blog article: Real-Time Operational Dashboard for Company-Wide Document Status and Compliance.
Our Operational Intelligence dashboard offers a bird's-eye view of your company’s relationships. See how many contracts have been drafted, who they are with, and the status of those contracts—whether they’re active, pending, or completed. With Avokaado, you gain real-time access to your document ecosystem, allowing higher-level decision-makers to track business relationships, monitor compliance, and manage risks effectively.
With Avokaado, contract workflows are no longer bound by document silos. You can focus on the bigger picture: the relationships driving your business forward. Embrace a party-based, intelligent approach to contract management—and see how much more effective your workflows become. If you're ready to experience the benefits firsthand, book a demo today: Book a Demo.
