Counterparty Verification: A Crucial Step in Deal-Making Made Easier with Automation

The Problem: High Variability in Document Lists

When concluding deals with counterparties, lawyers at DSK "Avtoban" faced the need to request various documents depending on the type of transaction and the specifics of the counterparty. This could range from a standard set of documents to specific papers required for particular situations. Manually compiling such lists was time-consuming and often led to errors or omissions.

The Solution: Automation on a Low-Code Platform

To simplify the process and make it more efficient, the company's lawyers decided to automate the generation of document lists. For this purpose, they used a low-code platform that allows the creation of applications and services without requiring deep programming knowledge.

The developed service dynamically generates lists of documents based on input parameters such as the type of transaction, the category of the counterparty, and other criteria. This enables lawyers to quickly obtain an accurate list of required documents, minimizing the risk of errors and saving time.

How Does the Service Work?

  1. Parameter Selection
    The user (e.g., a lawyer) selects parameters such as the type of transaction, the type of counterparty, and other relevant data.

  2. Automatic List Generation
    Based on the entered data, the service dynamically generates a list of documents that need to be requested from the counterparty.

  3. Integration and Ease of Use
    The service is integrated into the company's workflow, allowing lawyers to quickly access the necessary data and use it in their work.

Benefits of Automation

  • Time Savings
    Automating the process of generating document lists allows lawyers to focus on more important tasks, such as document analysis and decision-making.

  • Reduced Errors
    Eliminating the human factor minimizes the risk of omissions or errors in the document list.

  • Flexibility and Adaptability
    The service easily adapts to changes in legislation or internal company processes, making it a universal tool for work.

  • Ease of Use
    The low-code platform Botman.one allows the creation and customization of services without the need to involve IT specialists, making automation accessible even for small legal departments.

Why Is This Important for Legal Automation?

The creation of such a service is a prime example of how automating legal processes can significantly simplify the work of lawyers. Implementing such solutions not only optimizes routine tasks but also enhances the overall quality of work in the legal department.

Learn More About the Project

If you want to learn more about how this service was created, watch the detailed video on YouTube or Rutube. You can also join the discussion on #legaltech, #automation, #lowcode, and other interesting topics in our Telegram group.

Conclusion

Automation of legal processes is not just a trend but a necessity for modern companies. The service created by lawyers at DSK "Avtoban" clearly demonstrates how low-code platforms can become a powerful tool for optimizing the work of legal departments. Implementing such solutions not only saves time but also improves the quality of work, ultimately contributing to the success of the business.