What has Creditas done to make its processes more agile

More agility. That was what Creditas needed in its processes. After all, have you ever considered having to review, on a case-by-case basis, dozens, hundreds, thousands of contracts every year? That changed. Do you want to know this happy ending story? That's what we're going to tell you in this business case. Follow up!

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Who is Creditas?

CreDia Creditas was founded in 2012 by the Spaniard Sergio Furio. Today, in 2020, it is already the main online secured credit platform in the country and its purpose is to enable Brazilians to achieve their new achievements. Fintech operates throughout Brazil and has three offices with teams dedicated to full-time technology development Recife (PE), Barueri (SP), Curitiba (PR), Porto Alegre (RS), Mexico City (Mexico) and Valencia (Spain).

Its business model is based on four main products: home-secured loan, vehicle secured loan, private payee, and vehicle financing. This type of credit is different because it mainly offers lower rates, smaller installments, larger amounts and longer payment terms.

In addition, it also works directly with companies, offering an exclusive platform, @Work, with corporate benefits aimed at increasing employee salaries and simplifying HR management.

Thus, its digital DNA allows the use of technology to scale the business, optimize processes and improve the customer experience - without dispensing with personalized service, providing advice and offering exclusive content on finance and financial independence.

More than 3300 crew members

Now, Creditas is also developing new solutions to help those who want to sell or exchange property, increasing the value of this asset, including offering renovation to increase the value of the property at the time of negotiation.

Headquartered in São Paulo, Creditas has more than 3,385 Crew Members (as it calls its employees) and has already received R$ 1.2 billion in investments from international Venture Capital funds and, currently, in 2022, the company received an investment of US$ 260 million and is now worth US$ 4.8 billion.

The company has excelled in the rankings of KPMG, Business Insider, Glassdoor, Forbes and LinkedIn, being identified as one of the most promising and innovative fintechs in the world.

Changing the way contracts are made to gain more agility

Well, from the presentation alone, you can tell that Creditas is not just any company, isn't it? Now, imagine a fintech of this size, with all the processes based on high technology, but having to use the traditional and outdated way of making contracts.

Of course, this form of work didn't last long. Therefore, Creditas chose Clicksign Automation. Its purpose was to facilitate the completion of contracts which have a high volume, but which on the subject matter do not need such a deep analysis.

Clicksign Automation was chosen to provide more agility by optimizing the time required to prepare, analyze and sign these documents. To give you an idea, in a single month, the Creditas Legal Department signed more than 130 contracts. This is how, with convenience and speed, Clicksign Automation helped the area to gain agility in the process.

The Legal Department

The area that uses Clicksign Automation, within Creditas, is the legal department, which in fintech is called Legal. This is, therefore, the area responsible for the legal analysis of contracts and for the company's legal processes. When they discovered Clicksign Automation, they were immediately interested, as they certainly saw that the solution could be very useful for their routine.

What was it like before Clicksign Automation?

Before Clicksign Automation, the Legal Department had to dedicate its time to, surprisingly, verifying on a case-by-case basis contracts whose drafting were standardized and that did not require in-depth analysis.

Thus, confidentiality terms, partnership agreements, service contracts, as well as letters and terms that operational areas use on a daily basis consumed much of the department's time. Because the volume of these documents is significant, especially for partnership contracts.

In addition to all of this, they needed to dedicate their time to climb the Clicksign subscription platform on a contract-by-contract basis.

Clicksign Automation, however, following its tradition of serving its clients well and explaining, step-by-step, how the platform works, surprised the Creditas Legal Department with its attention and concern. Thus, the deployment took place very quickly.

But what did Creditas gain with Clicksign Automation?

That answer is easy, as practically all of our clients offer the same story about how our platform helped them.

And if we need to summarize this in a single word we can say that that word is Agility. This is the main benefit that Creditas had when joining Clicksign Automation. because the process of filling out the contracts was automated and the optimized time with the automatic return of the completion and the subscriptions.

How does the process of using Clicksign Automation work within Creditas?

The department responsible for Clicksign Automation, as already mentioned, is Legal. Above all, he is the one who passes on to the other areas how the contracts should be prepared. Therefore, this department prepared some explanatory materials and made them available to the Creditas areas. Thus, filling out the forms became much easier and faster.

Remembering, in fact, that Clicksign Automation maintains a very informative step-by-step guide on how to work with the platform on its website. That is, there is no secret. It's very simple and equally intuitive. You don't have to be specifically in the legal area to understand how forms work. Therefore, any department that works with contracts can use it.

And what do Creditas customers say about the agility of Clicksign Automation?

Well, according to Creditas, in a question asked by us, its clients praised the speed of the process of filling out, analyzing and signing contracts. However, that's not all they said. They added that it is much easier to close partnerships and contracts with the ease and speed of Clicksign Automation.

Clicksign Automation

Clicksign Automation is an automation and contract management platform. Therefore, it is our solution for you to gain agility when creating and analyzing each document. Then, with Clicksign Automation you fill out a short form and that's it, all that's left is the signature.

And this is done electronically, without having to print a sheet of paper. You can send the contract by e-mail, SMS, or if you prefer, by Whatsapp. It's much more practical and faster in your routine.

Security is one of the Clicksign Automation brands

All this while maintaining the utmost care for the security of the contracts. The work environment of Clicksign Automation is monitored 24 hours a day, 7 days a week. Thus, the entire system is encrypted, from documents to transmissions. The integrity of the contracts is protected by the SHA-256 algorithm, a hashing, a technology created by the NSA (National Security Agency) the United States National Security Agency. This guarantees, above all, that no changes can be made to a contract signed and uploaded to the platform.

What are you waiting for? If you also want to digitize your processes, as the main companies in the market do, in an applicable and legally valid manner, don't waste time and discover our Plans and Pricing.