Litera Transact
Restructuring
When the restructuring team supports companies making significant financial and operational changes, clear communication and planning is vital. One misstep when dealing with multiple parties, jurisdictions, and mountains of documents can cause a ripple effect in organization; emails start piling up, papers get shuffled, communication becomes fragmented, and deadlines can be missed.
4 Major Pain Points in Restructuring Transactions
Maintaining Checklists
Updating checklists to reflect the many steps in a restructuring transaction, which can involve multiple subsidiaries and the actions of each subsidiary required to complete the restructure.
Asynchronous Communications
A significant amount of time is spent on calls, in physical meetings, and sending emails to maintain seamless communications with all parties.
Managing Signatures
Creating signature pages for all documents that need to be signed, and compiling, sending, and tracking signature packets for each signer takes time away from higher-priority work.
Creating Custom Closing Books
When there is an overabundance of documents, closing books are larger and more complicated. This process is time consuming and often results in write-offs.
Bringing Order to Complex Transactions
Convert the manual, tedious process of managing transactions into a secure collaborative workspace with Litera Transact.
Whether you are working on a divestiture, legal entity restructuring, or total restructuring of funds—Litera Transact can help you efficiently manage the multiple inputs from multiple parties so that you are all on the same page at the same time.
Automate Steps
Remove approximately 70% of the steps in the deal process, which reduces write-offs and allows legal teams to focus on higher-value work.
Enhance Collaboration
Centralized diligence and closing checklists make it easier to communicate with all parties by providing real-time updates.
Increase Productivity
Save 60–80% of time spent managing the signature process and create large closing book sets in minutes.
Mitigate Risk
Protect clients’ information by sharing documents within a secure platform and ensure collection of all final executed documents.