Conditions precedent are essential in banking and finance, but managing them in Word can be slow and error-prone. Legatics streamlines the process, saving time and improving collaboration. Let’s learn how!
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Managing CPs is hard with Word
Traditionally, CPs are extracted from schedules in legal documents and manually copied into Word tables. This process is time-consuming, requiring endless copying, pasting, and formatting to get the data aligned.
Once the checklist is created, managing it in a Word document introduces further challenges. Version control becomes difficult, with multiple edits causing confusion over the latest file. Collaboration is inefficient, relying on email threads to share updates. Tracking progress is also cumbersome, with no tools to assign tasks or mark completion, leading to delays and errors.
Legatics makes managing CPs easier
Legatics eliminates the inefficiencies of manual processes by providing tools to streamline every aspect of managing CPs.
Turn your CP schedule into a checklist in minutes
With Legatics’ legal text importer, you can simply copy and paste your CP schedule and instantly convert them into structured rows and columns. What would take hours of formatting in Word can now be done in minutes, creating professional, error-free lists ready for collaboration.
Track progress with statuses and checkboxes
Legatics allows you to monitor the completion of each CP with statuses and checkboxes to manage approvals. These tools let you assign tasks, track updates, and ensure everyone is on the same page about what’s completed and what’s outstanding.
Tip: You can use permissions to hide columns from other participants
Work in one place
Instead of exchanging endless email chains or managing multiple documents, Legatics keeps everything in one place. Upload versions, use comments to communicate directly within the list and assign responsibilities so team members know their tasks.
Export perfectly branded updates
You can share progress in Word, Excel, or PDF formats. These polished, branded exports are ready to share with clients or stakeholders, saving time and ensuring a consistent presentation.
How to manage CPs in Legatics
Start by creating a list in Legatics and importing data directly from your document using the legal text importer. Alternatively, build the list manually or use a pre-made template.
Structure your list into sections and rows, using columns to capture essential details like due dates, responsible parties, and document references.
Use statuses or checkboxes to assign tasks to team members and monitor progress in real time. Comments can be added for specific items to ensure clarity. And files can be uploaded to your rows, keeping everything in one place.
As CPs are progressed, export your list into a format that suits your needs, such as Word, PDF, or Excel.
Why Legatics is the better way to manage CPs
Legatics replaces outdated methods with a faster, more collaborative solution:
Save hours of manual work by automating data imports and formatting.
Keep your team aligned with real-time collaboration tools.
Reduce errors by centralizing information in a single platform.
Deliver professional, polished reports with ease.
By streamlining CP management, Legatics helps banking and finance teams work more efficiently and confidently, ensuring every transaction runs smoothly.