Deals are always document intensive. This transaction involved more than 50 real estate properties and 8 different parties. Each property required the drafting and review of dozens of documents and the overall document count for the deal was well over 2,700. Many of the documents were too large for email and using traditional file transfer methods was cumbersome.
The client** sought a new solution to easily share and track the status of the documents needed for a successful transaction.
Using Recurve Connect Deal Hub, the deal team eliminated the need for multiple file transfers as all deal participants had tailored, security-restricted access to what they needed, instantly and 24/7.
Automatic reminders for due dates made annoying reminder emails and phone calls obsolete. The solution also provided clarity regarding which documents were outstanding and accountability as to who needed to provide them.
Recurve Connect Deal Hub became an essential part of the team’s daily work and all parties consulted the tool for their responsibilities, deadlines, and updates. The client was able to monitor the deal’s progression using customized data visuals to ensure everything stayed on track. In addition to enhancing collaboration and communication, Deal Hub enabled the quick generation of closing documents.
The deal was completed in a timely manner and the team found Deal Hub to be an essential tool that they plan to use in the future.