Top 7 Document Automation Software for Legal and Finance Teams

Legal and financial firms have to deal with a lot of paperwork, be it contracts, case files, forms, client agreements, audit documents, and more. With the increase in the number of clients, paperwork also increases. Handling documentation manually can be slow, stressful, and error-prone.

In fact, finance teams might survive after a little error, but legal firms could result in serious risks. That’s where you require document automation software in order to save time and improve operations.

It’s useful for making reports, sending invoices, and managing policy documents. Whether you’re in legal or finance, document automation can make your work easier, faster, and more reliable.

Isn’t it the smarter way to create fast and accurate documents? So, what exactly is a document automation tool, and how does it work? Let’s break it down in the next section.

What is Document Automation Software?

A document automation tool can create documents in minutes using pre-designed templates and smart logic. It can be your taskmate that makes your documentation tasks easier and faster.

These tools can be a big time-saver for law firms and financial institutions. You can draft contracts, NDAs, court filings, client letters, and more without beginning from scratch every time. You need to worry about mistakes as it automatically fixes if there are any errors in the documents.

Finance teams can automate reports, invoices, and policy documents with utmost accuracy.

In short, document automation software helps both industries:

• Save time
• Improve accuracy
• Ensure compliance
• Share documents securely
• Keep better audit trails

You can stay stress-free and risk-free while maintaining a fast pace with high accuracy.

Top Document Automation Tools for Legal & Finance Teams

26% of companies have increased investments in automation solutions to ease document management burdens, focusing on automating tasks such as file routing, versioning, analytics, and classification. Here are some of the top solutions leading this shift.

1. Knackly

Knackly is a legal document automation software built specifically for legal teams looking to eliminate repetitive work and reduce errors in document creation. Designed to help firms draft complete, accurate documents faster, Knackly simplifies complex workflows by integrating client data directly into customizable templates.

Whether you’re in estate planning, litigation, or family law, Knackly helps you standardize and scale your document generation process.

Key Features of Knackly:

• Sends client intake responses directly into pre-set document templates
• Supports guided, dynamic forms that adapt to specific case types
• Allows clients to securely upload documents from any device
• Auto-generates complete Word and PDF document sets with client data
• Reuses client and case information across multiple forms without duplication
• Integrates seamlessly with other legal tools to avoid manual data transfer

Knackly Plans & Pricing: Its pricing starts at $250/month for up to 4 users.

2. Clio Draft

Clio Draft is specifically designed for legal professionals. It offers cloud-based document automation that keeps your data safe and accessible from anywhere. It is a perfect tool to handle fee agreements, contracts, or discovery requests. Clio Draft simplifies and accelerates legal document creation from start to finish.

Key Features of Clio Draft:

• Transforms your own Word documents into reusable smart templates
• Enables 4x faster document creation with automated data entry
• Automatically updates grammar, pronouns, and subject-verb agreement across the document
• Works entirely in the cloud with no installation required, compatible with Mac and PC
• Allows storage and reuse of standard clauses and custom provisions
• Facilitates internal collaboration and knowledge sharing across the firm
• Supports eSignatures and streamlines end-to-end document workflows

Clio Draft Plans & Pricing: Plans start at $110/month. It also includes personalized onboarding support.

3. PandaDoc

PandaDoc is another good document automation software that is user-friendly and requires zero coding to start with. It helps you create proposals, contracts, NDAs, etc., automatically and in less time.

Pandadoc

4.4

Starting Price

$ 35.00      

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Key Features of PandaDoc:

• Quickly create branded documents with over 750 customizable templates
• Drag-and-drop document builder that requires no technical skills
• Seamless integration with CRMs, accounting tools, and cloud storage platforms
• Legally binding eSignature collection from any device
• Automated approval workflows with version control
• Secure storage with multi-level access permissions
• Real-time collaboration and commenting tools
• Comprehensive analytics for tracking document performance

PandaDoc Plans & Pricing: Starts at $19 per user/month – includes unlimited document uploads and eSignatures.

4. Hotdocs

Hotdocs by Mitratech simplifies the creation of complex, high-volume documents. It’s an efficient tool that helps businesses reduce manual drafting and ensure accuracy in every document. With HotDocs, teams can generate consistent and compliant documents.

HotDocs

4.1

Starting Price

Price on Request

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Key Features of Hotdocs:

• HotDocs uses centralized template management to minimize errors and increase collaboration
• It offers intelligent templates and dynamic workflows for drafting complex documents.
• Open API and robust integrations allow seamless connection with core business systems
• Batch processing enables high-volume document generation without manual involvement
• No-code configurability empowers non-technical users to create and manage templates
• Globally enabled multi-language support makes it suitable for international teams
• SSO-enabled security ensures safe access and data protection across users
• HotDocs provides built-in version control for document consistency and compliance

Hotdocs Plans & Pricing: Pricing for HotDocs is available upon request through Techjockey.com. Contact our team for a customized quote.

5. Docsumo

Docsumo is an AI-powered document automation tool helping businesses handle unstructured data. You can process invoices, contracts, or financial statements quickly. It’s especially useful for finance, insurance, and logistics teams looking to improve accuracy and speed in document workflows.

Key Features of Docsumo:

• Extracts data from complex documents like invoices and bank statements using AI
• Let you view and analyze captured data in an Excel-like table
• Accepts documents from emails, APIs, cloud drives, or manual uploads
• Allows you to set validation rules for data accuracy and compliance
• Includes pre-trained AI models with the option to train on your own data
• Features a user-friendly interface to minimize manual work and errors
• Speeds up document processing and streamlines end-to-end workflows

Docsumo Plans & Pricing: Starts at $149/month for 1,000 pages.

6. Docupilot

Docupilot is another cloud-based document automation tool to eliminate most of the manual document creation tasks. It has an intuitive design and offers integration options. It’s scalable with your increasing demands. With Docupilot, sending proposals, contracts, or invoices is significantly faster than doing it manually.

Docupilot

4.3

Starting Price

$ 29.00      

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Key Features of Docupilot:

• Create dynamic documents using intelligent templates with placeholders
• Integrate with 1000+ apps, including Zapier, Google Drive, and Salesforce
• Automatically send documents via email or to apps like Dropbox and DocuSign
• Support for complex logic and conditionals in templates
• Secure document generation with password protection
• Seamless CRM, HR, and database integration for data mapping
• Generate proposals, contracts, HR forms, and invoices from a single platform
• Customize document themes and formats to match your brand

Docupilot Plans & Pricing: Plans start at $29/month for 100 credits.

7. UpSlide

UpSlide integrates with Microsoft 365, empowering teams to build accurate, on-brand, and client-ready documents faster. By eliminating manual formatting and data entry, UpSlide helps finance professionals shift their focus to higher-value work.

Key Features of UpSlide:

• Automates pitchbooks, proposals, and financial reports with one-click tools
• Ensures brand compliance using centralized templates and formatting tools
• Links Excel and PowerPoint for seamless data updates across deliverables
• Provides AI-powered proofing to detect errors and outdated content
• Enforces consistency with automated brand and legal checks
• Integrates natively with Microsoft Office tools like Word, PowerPoint, and Excel
• Optimized for financial teams in investment banking, advisory, and asset management

UpSlide Plans & Pricing: Pricing available on request. ROI calculator and demos are available through the website.

Conclusion

Time is money in any industrial sector around the world, and this is so in the legal and finance sectors too.

A document automation tool brings a lot of time-saving to your daily paperwork.

Law firms adopting workflow automation tools, including document automation, have reported up to 20% higher revenue and 15% faster client onboarding.

This can be almost the same for financial firms, too.

Now, if you haven’t entered the automation world, it is high time to move on. You can choose any platform from HotDocs and Clio Draft for legal professionals to finance-focused tools like UpSlide and Docsumo.

Start by assessing your team’s needs and comparing features. And finally, go for the one that brings speed and precision to your everyday operations.