Current Situation
Collaboration technologies have created efficient and productive avenues for synchronous and asynchronous teamwork within organizations, across deal teams, and among counterparties. Collaborative workspaces have yet to extensively interface with party-specific cloud-based applications and data portals.
Goals and Objectives
Converge and leverage existing technologies to extend the gains realized through digital workspaces. Integrate party-specific applications so an increasing share of the transaction can be executed within a single platform.
Technology Deployed
Cloud, robotic process automation, API management, and virtual data rooms (VDRs)
Use Case Summary
The capital markets have well-established messaging systems but generally lack open format collaboration spaces. Deal teams and transactional counterparties have much to gain from the development and adoption of shared workspaces/platforms capable of facilitating shared tasks, hosting synchronous and asynchronous communications, and seamlessly integrating industry-specific functional applications.