Unlocking Contract Automation with Juro for 3Commas

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Unlocking Contract Automation with Juro for 3Commas

Introduction to 3Commas' Contracting Challenges

3Commas, a prominent developer of crypto trading software, faced a significant hurdle in their contract management process. Despite having a contract lifecycle management (CLM) platform in place, the outcomes were unsatisfactory, leading to inefficiencies. The legal team, led by Yuliia Andrusiv, was struggling with slow contract turnaround times and unpredictable results from the existing platform.

The Search for an Effective Solution

To address these challenges, 3Commas required a reliable, flexible, and intuitive platform that could streamline their contract management processes. The new platform needed to integrate seamlessly with other key systems, ensuring a frictionless experience for their legal team and employees. After thorough evaluation, 3Commas chose Juro to replace their existing CLM platform, marking a significant shift in their contract management approach.

Implementation and User Experience

Upon implementing Juro, 3Commas leveraged the platform's user-friendly interface and robust support services. Yuliia Andrusiv highlighted that the implementation was swift and seamless, with the Juro team providing prompt and concise assistance whenever needed. The team successfully set up end-to-end contract workflows, allowing for efficient creation, collaboration, negotiation, and tracking of documents. Additionally, integrating Juro with HiBob facilitated rapid contract generation for the HR team, saving significant time.

Harnessing AI for Contract Acceleration

In 2023, 3Commas embraced Juro's AI Assistant, a cutting-edge feature offering AI Draft, AI Review, and AI Summarize capabilities. By leveraging generative AI, users could significantly expedite the contract drafting process while maintaining control over the content. Yuliia Andrusiv noted how AI Draft empowered them to swiftly generate new clauses during negotiations, enhancing efficiency and accuracy in their contracting workflows.

Realizing Productivity Gains and Future Impact

Switching to Juro enabled 3Commas to implement a stable and flexible CLM system that seamlessly integrated with their existing systems. The incorporation of AI Assistant further accelerated productivity gains, enabling the team to draft clauses with unparalleled speed and precision. This transformation not only expedited negotiations but also laid a solid foundation for future AI-driven innovation within legal operations.

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