It may surprising to some that 2021 was a record-breaking year for global M&A deals. According to McKinsey, the value of large deals increased by 67%, compared to just 37% in 2020. Moreover, since corporations, PE firms, and special-purpose acquisition companies (SPACs) completed almost 11,000 large deals, the value of these deals peaked at a massive $5.9 trillion.
And although aggregate global M&A deal values fell to 37% year-over-year in 2022, transactional teams continue to remain busy – and even overwhelmed. One reason is that M&A deals are often very complicated. Another is that they have to deal with issues caused by poor execution, cultural mismatches, and unforeseen costs in the post-acquisition period.
A third reason is that they have to deal with staggering amounts of paperwork. For each deal, they have to prepare and circulate multiple agreements, create and update many deal checklists, and then assemble and share detailed and complicated closing binders. While all these documents are vital for every successful corporate deal, they force team members to spend more time on admin and less time focusing on clients. And this is a huge problem because teams don’t have the time to negotiate deals or discuss the next project with a client. When this happens, your company will suffer because you will have fewer opportunities to boost profits, build client relationships, or stay ahead of the competition.
So what you can you do to speed up transactions and reduce the admin burden on your transactional team?
How can you strengthen client relationships and get more deals done?
The answer: Litera Transact.
Litera Transact is a powerful transaction management software that simplifies workflows across M&A and other deals. Read on to learn more about this world-class product from Litera and how you can make it yours with Prime Infotech.
What is Litera Transact?
Litera Transact is a user-friendly, feature-rich transaction management software. It will help you manage and close M&A and other transactions securely, efficiently, and collaboratively. You know that every minute spent on admin is time that your transaction team cannot spend with clients – either negotiating the deal or discussing the next project. With Transact, they can save a lot of time and reduce the admin burden to focus on what really matters – closing more deals and building client relationships.
Use this software to manage transactions and simplify workflows across many deal types, including:
- M&A
- Private equity
- Banking and finance
- Real estate
- Corporate restructuring
- Venture capital
All these deals involve huge amounts of paper documents and revisions. Plus, there are many signatures to review, negotiate, and track. With Litera Transact, your team will no longer get bogged down with these administrative tasks. Instead, they can eliminate admin-related chaos and focus on the most important aspects of a deal to close it faster and more profitably.
How Litera Transact Can Streamline Transaction Management and Reduce Admin-related Work
Litera Transact can automate at least 70% of the steps in any M&A deal process. It brings order to complex transactions and makes it easy to control due diligence, manage signature pages, create custom closing books, and manage checklists. You will also see an impact on collaboration, and experience faster signature and closing processes. Plus, you will get real-time updates on a deal’s progress that you can easily share with clients to keep them in the know at any given time.
Litera Transact will also help you mitigate deal risk. Share documents within its secure platform to protect clients’ information from data breaches and to ensure that all documents are collected properly. Another benefit is that you can provide clients with an easy signing experience so their burden is also lowered. Transact will automatically create signature pages by matching deal documents to pre-formatted templates. You can easily customise these templates for each signer or select the signature pages from existing documents.
When you are working on a business-critical transaction, you need speed, order, organisation, collaboration, and security. What you don’t need to do is waste valuable time revising checklists, managing signatures, and creating closing books. Litera Transact will do all these tasks for you, so you can get deals done faster and get more deals done.
Ready to Transform Your Transaction Management Processes?
Transaction teams often get frustrated with all the paperwork and inefficiencies involved in deal closing. Litera Transact streamlines the entire deal process so you will see less chaos and less admin hassle. Moreover, your team will save a lot of time and your company will benefit from higher realisation rates.
So are you ready to make the most of this power-packed deal management software?
Contact Prime Infotech at Contact to get started.
