Category Archives: Platform News

Scribestar 3.0 has arrived!!

A culmination of 7 upgrades and nearly 3 months on, we are pleased to announce the launch of Scribestar 3.0.  In June this year, we really thought hard about what this version should be about and we wanted our next major version to be focused on our users. It wasn’t about how much whizzy functionality we provided, it was purely about making your lives easier and how what we already offers more value.

So we set ourselves three objectives:

1. Increase Efficiency.

2. Simplify User Experience

3. Offer flexibility

To increase efficiency we enabled content sharing and reuse, for a simpler user experience we created a single integrated work space for our users where they can work on content and all its metadata in one place. To offer flexibility we enabled the ability to export content and its metadata into Microsoft Word alongside a large number of other enhancements too long to list here.

We’ve come a long way since the launch of our Alpha version in Sept 2016, we are extremely proud of what we have created as a team. Thank you to our regular customers, especially the early adopters, without your patience and feedback we couldn’t have got to where we are now!!!

THE SCRIBESTAR TEAM

Speak to us to know more about 3.0 or email as on info@scribestar.com

The smart way to manage DCM Bond Prospectus production

If you are involved in Debt Capital Markets (DCM), providing legal or financial advice to corporate issuers on the raising of debt, refinancing of existing debt, or restructuring of existing debt, then you will be well aware of the challenges of the process. There’s the expectations and involvement of multiple stakeholders to manage, who are all working towards fast deal turnaround times, which can sometimes be days rather than weeks or months – and due to the DCM tending to be a higher-volume, lower-margin business than ECM, keeping an eye on costs and fees is all the more critical.

These are the very challenges that Scribestar set out to solve. Scribestar is an online platform focused on simplifying the drafting and production of complex legal documents for debt and equity capital market transactions.

Accessing Scribestar’s secure cloud-based system, which is available 24/7, multiple authorised users can work in a controlled, permission-based professional platform, to edit, review and approve a single source of the Bond Prospectus. This helps streamline the drafting process, which along with automated mark-up, reporting and tracking, creates significant time efficiencies and reduces risks, which can creep in through version control issues.

When it comes to the complex task of verification fact checking and regulatory checklisting, Scribestar automates the process to help achieve unparalleled levels of speed, accuracy and control in the production of compliant documents.

We know last minute changes to a Bond Prospectus are common and this can often lead to fraught exchanges with financial printers, as deal team members work tirelessly to ensure submission deadlines are met. But these pressures are eradicated with Scribestar. In Scribestar, updates are extremely easy to make to print-ready files, which means you have improved control over the process and can make edits to the Prospectus right up to the deadline.

If you are responsible for the preparation of DCM Bond Prospectus’, and have encountered any of the challenges mentioned above, we invite you to take a look at Scribestar. We can share with you the benefits our clients enjoy, who include leading global investment banks and law firms, from managing their DCM document production in a smarter, more efficient way.

[button size=” style=” text=’BOOK A DEMO’ icon=” icon_color=” link=’https://www.scribestar.com/book-a-demo/’ target=’_blank’ color=’#ffffff’ hover_color=’#ffffff’ border_color=’#’ hover_border_color=’#’ background_color=’#3f7fc2′ hover_background_color=’#58595b’ font_style=’normal’ font_weight=’200′ text_align=’center’ margin=”]

Fundsmith uses Scribestar to prepare IPO Prospectus

Scribestar, the London-based company focused on improving the efficiency of capital markets transactions through its online collaboration platform for document drafting, verification and publishing, is pleased to announce that their platform was used by Fundsmith, the investment management company, for the preparation of the Smithson Investment Trust IPO Prospectus, which was published on 17th September 2018.

The online capital markets document drafting platform was used by Fundsmith and their legal advisers, Travers Smith, to control costs and minimise execution risk, by providing one document for editing and review, which is always up-to-date. It enables all the relevant parties instantly to access the transaction documents and track the status of activities; and with this real-time intelligence and an audit trail of the document history, they can manage stakeholder expectations and be assured that the completed transaction will comply with the various legal and financial regulations.

Simon Godwin, CFO at Fundsmith commented:

“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.”

Greg Lunn, Scribestar CEO, said

“We are delighted that Fundsmith were able to enjoy the full benefits of Scribestar, and we could help to relieve some of the pressures in the lead up to this significant event; we wish them well with their Smithson Investment Trust IPO.”

Scribestar strengthens content comparison capabilities

Scribestar continues to enrich the functionality of its document drafting, workflow and publishing platform with features to improve the efficiency of teams working on capital markets transactions.

The latest platform update provides enhanced move detection functionality, whereby rather than highlighting any changes as simple deletions and additions, this feature not only identifies the move, but it also highlights any changes to the moved content that happened at the same time. For Scribestar users, this provides complete confidence that any edits to content blocks – both text changes and moving content to a new location within the document – will be captured for review.

To see how Scribestar can support your next deal, contact us to request a demo.