Introducing the first end-to-end transaction management solution
Whether big or small, closing a deal means managing countless details, including hundreds or thousands of documents, multiple parties and jurisdictions, and numerous rounds of revisions. Add a tight timeline and a limited budget and you’re bound to encounter a few disruptions. While you probably wouldn’t try to manage all this without a few digital tools, insufficient technology can contribute to many delays in transaction due diligence.
According to a 2022 customer survey by Thomson Reuters, some firms — perhaps including yours — juggle between five to ten technology systems to manage a single deal. Hopping between programs can cause disruptions to your workflow and can jeopardize the security of sensitive client information. A new comprehensive transaction management solution from Thomson Reuters can ensure you spend less time navigating technology issues and more time doing meaningful work.
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Sebastiaan Bos
Thomson Reuters Senior Director of Product Management
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In each step of a deal process, this end-to-end platform can solve critical problems and be a single source of truth and transparency.
Jump to ↓
| 1. Preliminary processes and documents | 2. Due diligence |
| 3. Transaction documents | 4. Regulatory filings and approvals |
| 5. Closing | 6. Post-closing |
| A secure environment | A superior experience |
1. Preliminary processes and documents
The start of a new deal can be energizing for all involved. However, client intake and onboarding can be time-consuming and prone to errors. Using standardized processes can give you a kick-start and boost your client’s confidence in the project workflow. And, with just a few mouse clicks, you can generate preliminary agreements from ready-made templates or your firm’s customized ones.
2. Due diligence
The sheer scale of the data involved in an M&A review can be overwhelming. You must balance the possibility of attorney burnout with the risk of missing vital clauses or important legal due diligence steps along the way. Here’s where the advantages of artificial intelligence really show. Properly trained AI can automate document identification according to parameters such as date, language, type, etc., and then extract essential clauses for added speed and accuracy. Once identified, documents are organized for review and analysis. Such machine-assignable tasks take the load off attorneys who can then address the issues that require legal expertise.
3. Transaction documents
The keys to the deal are in the transaction documents. The drafting process, while critical, can be laborious. Every client deserves customized, strategic documents that specify the fine details of their transaction. But that doesn’t negate the value of templates. The templates contained in the transaction management solution from Thomson Reuters can provide consistency and compliance. Plus, integration into the Microsoft ecosystem means staying within your Word environment when editing a template.
Revisions and version control of transaction documents can also cause you unnecessary headaches. Coordinating document review among multiple parties can take a lot of time but is auto-managed within the solution. Its end-to-end project management capabilities help track projects with real-time status updates.
4. Regulatory filings and approvals
Navigating the complexities of regulatory requirements can be burdensome and intimidating. Having a program that manages filings, disclosures, and deadlines relieves much of the anxiety that can come with these requirements.
5. Closing
This is where the rubber meets the road. Now you need to ensure that all parties complete their tasks on time. Tracking down signatures can be logistically challenging. Assignments and reminders keep parties on-task. Simplified checklists and status updates speed up this process with added accuracy. Insights and closing books can be seamlessly created from the work done in previous stages.
Our integration with Dealcloser enables teams to manage the closing process – all within HighQ.
6. Post-closing
The deal is done – but is it? Integration of the two entities begins, and this solution helps identify objectives, priorities, 100-day plans, and management guidelines with dashboard visualizations of project status. Alerts can ensure ongoing compliance with post-closing obligations and commitments. Staying within the pre-close digital environment means the flow continues into integration for all parties.
A secure environment
Confidentiality and security, never more important than in closing a deal, can be delicate to manage in a multi-user, time-constrained situation. In this new end-to-end transaction management solution from Thomson Reuters, you can assign permissions and contain resources in one platform for added security.
A superior client experience
A merger or acquisition can be a nerve-wracking experience for companies. Combined with your expertise and customer care, Thomson Reuters end-to-end transaction management solution can put clients at ease. Seeing the status of the deal in real time, understanding the security of the platform, and learning the risk-mitigation strategies help clients focus on the business at hand.
Elena Folkes, Thomson Reuters Director of Market Development adds, “Corporate legal departments are looking to firms to provide efficiencies, visibility over the entire deal lifecycle and are seeking strategic partners that can move beyond transactional legal advice. Thomson Reuters transaction management solution was built with exactly this in mind.”
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A superior lawyer experience
Closing a deal is seldom without a few unexpected disruptions in the process. If every deal were the same, you might not feel the thrill of completing a transaction. But eliminating re-occurring, procedural issues with an end-to-end transaction management solution means keeping the momentum going and avoiding delays. It also means less stress, happier clients, and more firm profits. On to the next deal.
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