Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
Humble Paper - Contract Standardization and Automation
1. BENEFITS STANDARDIZATION AUTOMATION
We help accelerate deals
Humble Paper provides effective contract automation solutions for
organizations to create and manage sophisticated contracts
India
Module 6, 1st Floor
IITM Research Park
Chennai,TN - 600001
United States
340 S
Lemon Ave #9923
Walnut, CA - 91789
2. BENEFITS STANDARDIZATION AUTOMATION
Who we are
• 2012 startup founded by commercial contracts-lawyer-turned-
programmer
• backed by IITM’s RTBI incubator
• provide an optimal combination of services and hosted software to
implement contract automation in enterprises
• provide continuous maintenance services for contracts that have been
templatized on Humble Paper.
3. BENEFITS STANDARDIZATION AUTOMATION
Speed. Compliance. Data.
• saves valuable attorney time
• transfers attention to higher order
activities
• enforces compliance and processes
• improves visibility of overall
contracting
Effective contract automation
4. BENEFITS STANDARDIZATION AUTOMATION
reduction in claims and
disputes in companies that
implement contract
automation systems
30%
improvement in
revenue through
better compliance
5-9%
Effective contract automation has clear commercial
implications
62 days
organizations have
documented a rapid return
on investment, as early as 62
days
In one test, we found that we could reduce the eight
hours required to complete a particular set of documents
manually to less than one hour using document
automation (and less than 30 minutes, for an experienced
user)
-WSGR
5. BENEFITS STANDARDIZATION AUTOMATION
Our hosted software solution combined with on-call support and consulting
services serves as a practical entry point for enterprises seeking to streamline
their contracting processes.
Contract Drafting
Contract Iteration
Approval
Execution
Audit & Reporting
Storage
Amendments
Obligations
Renewal
Contract Request
6. BENEFITS STANDARDIZATION AUTOMATION
Standardization Services
Designated poc
@client sends upto
10 transaction
versions of a
document package
Designated poc @client works with
HP team over email and phone calls to
provide clarifications and inputs -
estimated 10 hours
HP team meets with
designated poc onsite and
finalizes standardized
document package
Finalized
Package sent to
HP technical
team for
conversion into
automated
package
kickoff
discussions to
determine
scope and
flavor
HP consulting team
redacts and analyses
documents; then
prepares preliminary
document tree
Humble Paper provides high-end consulting services around its contract automation offering. Standardization
is a prerequisite to automation and we help organizations (including law firms) standardize their documents
for known transactions
7. BENEFITS STANDARDIZATION AUTOMATION
Standardization Services
We work with you to prepare or update a
house style for your organization’s documents
and then ensure that all deliverables are
perfectly and consistently formatted according
to this style.
Custom House Styles
During kickoff discussions, we request and take away
instructions from the designated point of contact on
specific aspects of the documents that would lend to
them a ‘flavor’, a literary watermark, that can then
allow these documents to be associated with the
organization
Flavor
We remove literary cruft across your
organization’s documents, working to make
sure they retain their intended legal edge
while conforming to current expectations
from the business and legal community
Language Rationalization
We start from a base of real transaction-specific
document packages and then work upwards to create
specific boilerplates versions for specific
circumstances
Versions
8. BENEFITS STANDARDIZATION AUTOMATION
Automation Services
HP technical
receives
standardized
documents
HP technical conducts
first level conversion of
documents into wizards
Designated poc @client edits the
wizard using an admin interface OR
provides inputs to HP technical
HP team reviews final
version and meets with
designated poc @client to
freeze the interfaceOnce client approval is
received HP technical
deploys the wizards
for use within the
organization
Once standardization is in place, Humble Paper technical staff can begin converting the boilerplate
documents into interactive wizards
9. BENEFITS STANDARDIZATION AUTOMATION
Our hosted service infrastructure is HIPAA
and ISO 27001 compliant.
System Compliance
Our team includes
lawyers and engineers
Staffing
Our system keeps a log of every transaction, every
document viewed or generated, along with IP address,
user information, and timestamp
Audit Trail
We use industry-standard 256-bit SSL
encryption protocols to keep the application
safe and secure
SSL
Our automated scheduled backups ensure
against any data loss
Backups
We provide an admin dashboard with detailed status and
information about contracts being generated across the team
or org
Visibility
Automation Services
10. BENEFITS STANDARDIZATION AUTOMATION
your
logo
here
send the entire set of assembled
documents as an email directly from
Humble Paper
preview your assembled
contracts online while
answering questions
questions are
neatly organized
into groups and
you can navigate
among them
easily