Litera Transact review

What it does well

• +Transact automates closing checklists and uses machine learning to detect signature pages within long documents.
• +It generates styled closing books automatically, reducing manual formatting work at the end of a transaction.
• +It supports single sign-on and multi-factor authentication as standard administrative controls.

Where it falls short

• −It is focused on the closing stage of a deal rather than broad document review or long term storage, so it complements rather than replaces a full data room.
• −Pricing is entirely quote based with no published figures.

Pricing

Litera does not publish pricing for Transact. Third party spend trackers report average Litera group contracts ranging from roughly 2,000 US dollars a year for small teams to 59,000 US dollars a year for larger enterprise deployments.

Security and compliance

Litera documents administration controls including single sign-on and multi-factor authentication for Transact, alongside its group wide data protection addenda and subprocessor disclosures.