Benefits of Agreement Automation A GUIDE FOR BUSINESSES RFP GUIDELINESContents Introduction 4 Agreement Automation 5 Why Automate 6 How End-To-End Solutions Compare to Standalone Technologies 8 Functionality to Consider 10 Stakeholders to Involve in the Process 14Introduction Trillions of pounds in financial agreements are processed each year. This includes credit agreements, loan/lease agreements, new account openings, mortgages, pensions and annuities. Despite the rise of digital adoption within consumer industries,the majority of these financial agreements still rely on manual, semi-manual or disjointed paper processes. Disjointed manual agreement processes are a huge risk for financial institutions (FIs). They frustrate customers, leading to high drop-out rates; they crea

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