Our client was looking for a solution to transfer and track the status of documents needed for a transaction involving over 50 real estate properties. Each property required multiple documents to be assembled and these documents were provided by different parties to the deal as well as third parties. The overall document count for the deal was well over 2,700 documents and many of the documents were too large for email.
Using Recurve Connect, the deal team was able to eliminate the need for multiple file transfers as all deal participants had tailored access to what they needed instantaneously and 24/7. Automatic reminders for due dates cut out cumbersome reminder emails and phone calls. Recurve Connect provided transparency into which documents were outstanding and accountability as to who needed to provide them.
Recurve Connect became an essential part of the teams’ daily work. All parties consulted the tool for their responsibilities, upcoming deadlines, and status of the transaction. The client followed the status of the deal via customized real-time data visuals on the dashboard. When the deal approached closing, the index function helped prepare closing binders and facilitate bulk downloads of the final versions of all needed documents. The deal was successfully completed on time and everyone on the project team felt the Recurve Connect solution helped immensely.