Legitt AI Lite Lifetime Deal - AI-assisted Sales Enablement and Contract Management tool

Introduction

Once you have logged into Legitt AI using your email and password, you will be directed to the dashboard, which serves as your mission control. A prominent pie chart displays the total number of documents you have stored on the platform, alongside their respective statuses.

Key Dashboard Features

On the right side of the dashboard, recent documents created by you or your team are displayed. However, the most critical aspect of the dashboard is the alerts section. These alerts are generated based on key events embedded in your signed contracts, such as payment milestones, important dates, renewals, or phases of the engagement.

Additionally, you can monitor trends regarding the number of documents created, signed, and tracked on the platform. The left-hand side of the dashboard features a detailed menu for actions that can be performed within Legitt AI. At the bottom right corner, you will find your assistant, Lana. This AI assistant can answer any questions you may have about the platform, learning from your behavior over time to better assist you and essentially become an integrated team member. This functionality exemplifies assistive intelligence in action.

Managing Existing Contracts

For organizations, managing existing contracts is as essential as creating new ones. We recommend starting with the management of your existing contracts on Legitt AI before proceeding to create new ones. You can easily upload contracts using the upload functionality by importing documents one-by-one or in bulk.

To upload a single document, simply browse for the file on your machine and upload it. Legitt AI will then scan the document to extract key information. Even if the document is lengthy, Legitt AI provides a concise synopsis encompassing its overall purpose, the signees, key clauses, services, commercial terms, milestones, and other significant dates.

Moreover, it identifies important clauses present in the document and highlights those missing that you might want to add. Legitt AI also extracts all the events defined in your contracts, including payment milestones that may have monetary values. These events can then be added to your alerts pipeline, with options to sync them with your Google or Microsoft Outlook calendars.

Users can edit alerts to include email addresses of team members who should also track these important events. Those alerts can be added to a to-do list on the platform, allowing tasks to be assigned to oneself or to other team members. This seamless collaboration among team members is essential in effective contract management.

Creating New Contracts

Once you have set up tracking for your existing contracts, you can start creating new ones. Click on the "create" button, and you will see four options for contract creation: starting from scratch, uploading a Word document, using templates, or utilizing Legitt AI's contract generator.

If you choose to start from scratch, Legitt AI offers a blank editor for you to type your content, customize the document with images or tables, and even create a cover page. Alternatively, you can upload an external document and edit it within the Editor after importation.

For those preferring templates, Legitt AI provides more than 500 reusable templates. Upon selecting a template, you can fill in highlighted variables to suit your organizational needs. The contract generator lets you fill out specified information, generating the document on the left side of your screen as you proceed. Once completed, you can save it for further editing or download it.

Collaboration and Approval Workflows

After initiating the contract draft, you can set up collaboration, approval, and signing workflows. Click on the collaboration icon to add editors, commentators, and approvers by entering their names and emails. Once added, you can manage their permissions effectively.

For signatories, simply navigate to the signatories tab. The creator will automatically be a signatory, but you can add others and dictate the order in which documents are signed. Signature blocks can be dragged and dropped where needed, and you can even set reminders and expiry dates for signing the document.

Tracking and Managing Documents

Legitt AI offers a comprehensive contract repository for tracking and managing document statuses. All documents created will initially be saved in the drafts folder, shifting automatically to the finished folder once completed. The system continuously updates document status from finished to approved to pending, completed, and expired.

You can also create custom folders to manage specific documents, including subfolders with controlled access for team members. Beyond document management, Legitt AI provides robust reporting features to analyze trends in document creation, approval, and signing activities.

Keywords

• Legitt AI
• Contract Management
• AI Assistant
• Document Tracking
• Alerts Pipeline
• Template Library
• Collaboration Workflows

FAQ

1. What is Legitt AI?
Legitt AI is an AI-assisted sales enablement and contract management tool that helps users manage existing contracts and create new ones efficiently with the help of an AI assistant.

2. How do I upload contracts to Legitt AI?
You can upload contracts by clicking the upload functionality, where you can either import documents one-by-one or in bulk.

3. What features does the dashboard offer?
The dashboard features a pie chart displaying document totals, recent documents, alerts for key events, and trends on document management.

4. How can I create a new contract?
You can create a new contract by starting from scratch, uploading a Word document, using templates, or utilizing the AI contract generator.

5. Can I collaborate with team members on contracts?
Yes, Legitt AI allows you to add collaborators, approvers, and signatories to contracts, enhancing teamwork and workflow efficiency.

6. How is document status managed in Legitt AI?
Legitt AI automatically updates document statuses from drafts to finished, approved, pending, completed, and expired, maintaining a clear history of each document's lifecycle.

7. Can I synchronize alerts with my calendar?
Yes, alerts for important events can be synced with Google and Microsoft Outlook calendars for easy tracking.