Transaction Management Tech Center
A big deal can be a big headache for the lawyers and others who are involved in bringing them to a close. In a corporate merger or acquisition, or in a major real estate transaction, the number of documents that need to be negotiated and executed can easily run into the hundreds, if not thousands. Whereas lawyers may once have managed these deals through emails and spreadsheets, transaction management technology offers a better alternative.
Transaction management software provides a central hub to manage and track all aspects of a deal and automation to streamline key workflows. This software enables deal teams to manage the flow and versions of every deal document, across all the entities involved in the deal, and help keep everyone on schedule. The software can also automate the creation of signature pages and the collection of signatures on all the documents, and then automatically generate a closing book in which everything is recorded. Another aspect of major transactions is the due diligence that precedes them, as attorneys scour contracts and other documents for terms that may impact the deal. Due diligence technology provides automated document and information review, analysis and data extraction in support of transactions such mergers and acquisitions, real estate transactions, capital raises and financings.
Within this Legal Tech Center are two categories of products:
Due Diligence. Technology that provides automated document and information review, analysis and data extraction in support of transactions such mergers and acquisitions, real estate transactions, capital raises and financings.
Transaction Management. Products that are used in complex business deals to centralize and manage the negotiation, review and execution of deal documents and generate closing books.