PERSUIT's Letter of Engagement feature allows you to download data points from your request into a Word document formatted in your organization's preferred template for executing engagement letters.
This can include data points like:
- request summary (scope of work)
- selected firm and their proposal summary
- answers to qualitative questions (i.e. inc. assumptions)
- agreed fees (inc. by phase breakdown)
- custom tracking fields (practice area, region)
When closing out your request, there are two stages to using this feature:
Generating the Engagement Letter:
At the top of the relevant firm's proposal, click Manage Proposal.
When the Manage Proposal pop-up expands, click on Generate Engagement Letter.
You will see PERSUIT's Standard Engagement Letter template as well as any other engagement letter templates created by your organization. Select the template you would like to use for your firm.
Click Confirm on the next screen to download your chosen engagement letter template.
Once the engagement letter template has been downloaded, you can edit it however you see fit through Microsoft Word. There may be fields that require your attention, as well as proof reading that all details are accurately and appropriately captured.
You can then send the document to your firm(s) for signature using whichever tools you currently use outside of PERSUIT, as well as storing the document internally as required.
Uploading the Final Engagement Letter
After the engagement letter document has been signed and executed, you can upload a final copy into PERSUIT that both parties can reference at any time via the request.
At the top of the relevant firm's proposal, click Manage Proposal.
When the Manage Proposal pop-up expands, click on Upload Final Engagement Letter.
Attach the executed engagement letter file that you wish to upload.
Press confirm to finalize the upload.
At the top of the firm's proposal, you will find the Engagement Letter attached. Both you and the firm will be able to download a copy of the executed engagement letter.
Note: Uploading a Letter of Engagement does not select the firm. That action must be taken separately. See instructions.
How can I upload and customize Letter of Engagement templates that my organization can use?
There are some customization capabilities available. Please reach out to your dedicated PERSUIT Customer Success Manager to learn more.
Comments
0 comments
Please sign in to leave a comment.