Why Litera Transact?
Protect clients’ information by sharing documents within a secure platform and ensure collection of all final executed agreements.
Increase realization rates by reducing time spent on low-value administrative tasks and accelerate the entire closing process through automation.
Provide clients with an easy signing experience and real-time updates of their deal’s progress, and while spending more time as a trusted legal advisor.
Transform Key Deal Types
Litera Transact helps legal teams manage all transactions and simplify workflows across many different deal types. See the benefits our customers are experiencing in these practice areas.
Checklists that keep everyone on the same page
Collaborative, customizable checklists give you the flexibility to manage deals more efficiently and securely. Easily set roles and permissions, and instantly identify item status and the responsible party through searches, filters, and with customizable status labels.
Compare document changes in seconds
Compare any two versions of Word and PDF files in your checklist, view changes online, and download comparison files in Word or PDF format, all without leaving Litera Transact.
Signature page creation simplified
Signature pages are created automatically by matching deal documents to pre-formatted templates that can be customized for each signer, or select the signature pages from existing documents.
Signature packets provide a seamless experience
Eliminate time typically spent creating, sending, and tracking signature packets and provide clients a seamless signing experience that can be completed anywhere, anytime, on any device.
Update variables with just a few clicks
Easily update variable information, such as closing date, purchase price, and more, by entering the new information just once. Litera Transact will then autofill the appropriate field on every document within your checklist.
Customized closing books instantly
Create closing books in minutes—not days or weeks. The table of contents is automatically generated and can be easily edited to create closing books in the preferred format for each transaction and for specific stakeholders.
Data rooms that streamline diligence review
Collect and manage—and control access with roles and permissions—all due diligence documents for each deal in a centralized data room with built-in communication and workflow tools.
Deal data on demand
Quickly generate reports on actions performed at the organization and deal levels and on detailed user information, providing a comprehensive audit trail and visibility.
Deal cloning for new deals
Avoid the time-consuming re-population of deal information by cloning entire deals—the documents, signer information, signature page formats, and more.
What Others Say About Litera Transact
Global 100 Firm Streamlines Closing Process
Ice Miller Enhances Signature & Signing Process
"There is a lot of running around in the latter end of the deal, which is not actually negotiating anything, it's purely the paper trail. Trying to logistically deal with the sheer volume of paperwork that's being thrown at you, and 30 emails all with the same header, with a system like [this] it makes the process a lot more streamlined."
"I have found that I can routinely complete the signature page and signing process for certain closings in 24-48 hours. Before, these deals would routinely take 1-2 weeks just to get all signature pages back from the various parties. I can consistently close deals faster and more efficiently, which makes my client very happy!"
This calculator illustrates the ROI you could achieve for each deal if you used Litera Transact.
Step 1: Find a recent deal you have worked on where you did not use an online transaction management system. Find the total accrued hours for that deal (before any write-off). Insert that figure into “Total Hours Worked on a Deal” below.
Step 2: Insert your trainee and associate bill rates into “Associate or Trainee Bill Rate.” Insert a blended rate into the calculator if your charge out rates have a range.
Step 3: See the return on investment per deal you could achieve by using Litera Transact.