Workshare Transact - Approvals function
Release Date: 15 July 2019
A revolution in the CP sign-off process for syndicated lending.
Introducing the innovative, one-of-a-kind Transact Approvals function!
What is it?
Managed closely by the lead law firm, the new Approvals feature set enables each lender in a CP deal to seamlessly approve all final documentation before the loan deal closes.
Our new Approvals View prioritizes lender participants, cleanly presenting relevant outstanding items for review and approval.
What else is new?
Export audit log - this new feature makes the audit log accessible to users. The audit log provides your law firm with a comprehensive record of what happens in your transactions – critical for you in case there is a later claim relating to the transaction.
For more information, tips and help, please see our Welcome to the new Transact interface article in the Workshare Knowledge Base.