Scribestar joins the London Stock Exchange Group’s ELITE Programme for ambitious, high-potential companies Scribes...
Work together on documents in a secure, controlled environment
Manage verification of material statements and supporting documentation
Prepare checklists for submission to regulators
Generate PDF documents for distribution
Time spent on repetitive manual tasks, verifying multiple versions of documents or wrestling with formatting is eliminated – and the production process is much faster too.
The efficiency of deal teams working on due diligence, verification and regulatory compliance tasks is increased by up to 30% – and the need for expensive typesetting is also removed.
Everyone works on the same document online – removing the potential risks associated with circulating drafts as email attachments, using out-of-date versions or missing crucial edits.
Content changes are reflected immediately, allowing deal teams to manage last-minute changes with confidence; missing critical deadlines becomes a thing of the past.
With full visibility of a document’s history, users can quickly resolve outstanding issues and all parties can see the progress of a document.
With Scribestar, we improved productivity 20% to 25%. I think Scribestar could become the standard in the market.
The ability to edit and turn a document within a few seconds makes Scribestar invaluable. A well thought out, effectively designed tool which makes document preparation that much easier.
Beyond the process improvement and efficiency, Scribestar shows its real value in risk reduction and speed of execution in the last 24 hours. You can de-blob a document, make final changes and then resubmit for UKLA stamping, all within a 5 minute turnaround.
Scribestar brought structure and efficiencies to this process with its demanding timelines. With only one version of the draft Prospectus document to work from, updates and reviews were completed faster, ensuring submission deadlines were met.
I’d encourage all Law Firms to take a look at the platform. It materially improved WIP recovery ratios for the lawyers in this transaction based on a direct comparison to previous raises where Scribestar was not used. It would be great to see it in use as the de-facto platform for all companies fundraising on the London Stock Exchange.