Closd
by LexisNexis (Previous known as Closd)
Acquired by LexisNexis on Dec 01, 2021
Closd supports the end-to-end management of legal and financial transactions. It enables legal professionals to collaborate through a centralized project management interface that includes dynamic checklists, task assignments, progress tracking, and integrated electronic signatures. Its data room module provides a secure environment for due diligence, offering granular access controls, activity tracking, and Q&A functionality to facilitate structured document review. Closd also ensures long-term document archiving in compliance with legal standards.
Key Features of Closd include:
Secure File Sharing: Users can open workspaces with a single click to centralize confidential documents. Files and folders can be shared easily with granular access rights, reducing the volume of emails exchanged.
Automated Project Management: Closd provides interactive and automatable checklists that offer clients and partners a real-time view of a project's progress. Users can collect necessary documents seamlessly, set due dates, and configure automatic reminders to avoid missing deadlines. Additionally, a database of templates for various projects and transactions can be saved, eliminating the need for closing memos and step plans in Word or Excel.
Efficient Electronic Signature: The platform integrates with DocuSign and CertEurope technologies, allowing users to choose the level of authentication they require—simple, advanced, or qualified. This feature streamlines the signing process, saving time during signatures and closings.
Ultra-Secure Archiving: Closd enables the archiving of sensitive documents and original contracts in an electronic safe, ensuring legal certainty. Through a partnership with Arkhineo, the platform preserves legal documents over the long term.
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