Group Invites

Certain documents - like your loan agreements -  need to be signed/approved by one or more authorised signatories before they can be executed. Usually, when the authorised signatory is unavailable, there is a group of other internal stakeholders who can sign or approve the document instead.

In the physical flow, these documents need to be sent to each of the signers/reviewers in turn - and manually followed up - till it is signed. This increases the TAT of executing documents.

That’s why we have Group Invites on Leegality.

With Group Invites, senders can add multiple authorised signatories/reviewers to the same group and send them a simultaneous invite.

On Leegality, Group Invitees are of 2 types:

1. Group Signers are a group of authorised signers who can view and sign a document. The sender can set a threshold for the number of signers required to sign the document to proceed.

Once the threshold is met, the document will automatically proceed to the next step and all signers in the group will be notified that the document is signed.

2. Group Reviewers are a group of reviewers, one or more of whom need to review and approve a document. The sender can set a threshold for the number of reviewers who need to review the document to proceed.

Once the threshold is met, the document will automatically proceed to the next step and all signers in the group will be notified that the document is reviewed.Depending on their availability and other factors, any one person from the group can sign/review the document and proceed - without manual follow-ups.