Venture capital transactions can easily involve dozens of signatories—none of whom have spare cash to waste on inefficient transaction management processes like manually tracking signatures or assembling closing books. The need to streamline signature collection convinced Prithvi Tanwar, Office Managing Partner of Polsinelli’s Boston office and a member of its venture capital practice, to be an early adopter of DocuSign. But while e-signatures simplified the signature collection phase of his transactions, they didn’t fix his overall project management struggles, which left the firm writing off wasteful practices.
Fortunately, DocuSign introduced Tanwar to Litera Transact. Tanwar immediately recognized that this could streamline the inefficient processes he’d been writing off—and that was just the beginning.
Now, Tanwar’s team at Polsinelli turns to Litera Transact for practically all of its venture capital deals. It’s dramatically increased efficiency, reducing the administrative busywork that led to costly write-offs, and improved client satisfaction. By streamlining checklist generation and maintenance and providing immediate insight into the status of any document or signature, Litera Transact has revolutionized transaction management for attorneys at every level. Best of all, these improvements have significantly reduced the level of stress that attorneys experience during transactions, which is helping them serve their clients even better.
Posted in Venture Capital