Australasia News
Today, Workshare, a leading provider of secure enterprise file sharing and collaboration applications, announced adoption of Workshare Transact by boutique commercial law firm, Price Sierakowski Corporate.
The Perth-based law firm has expertise in high-level corporate work, including capital raisings, mergers and acquisitions, resources and energy, reconstructions and litigation.
Leading a cross-border IPO with an overseas client and advisors posed a challenge for Price Sierakowski. It was difficult to incorporate a transparent and collaborative approach to the engagement because of the ineffectiveness of exchanging important transactional documents via email.
The Price Sierakowski team wanted to give complete access to their IPO transactional framework, allowing key stakeholders visibility of the full scope of work, plus progress on how the transaction was developing and relative document updates completed by all parties concerned.
Nick Goldrick, GM Sales of Go5Plus, said “Workshare Transact was identified as the best fit SaaS technology for Price Sierkowski’s cross-border IPO not long after our initial engagement. The key driver that made Workshare Transact viable was Workshare’s agile and flexible commercial model, whereby clients onboard with Transact within 40 minutes. This made perfect sense to Price Sierakowski.”
Connor Graham, Senior Associate of Price Seirkowski, confirmed “Workshare Transact will assist in the due diligence process enabling the firm to launch, pivot and scale transactions when all parties are ready.”
Workshare Transact was adopted quickly, so Price Sierakowski could incorporate their IPO transaction checklists, leveraging the firm’s IP for a successful IPO. The required stakeholders were invited to the collaborative workspace and given appropriate access to the relevant sections of the checklist.
With the availability of the online tutorials and the design of Transact, internal and external personnel working on the IPO were online and productive within a very short period of time.
As the transaction progressed, the online IPO checklist was updated with status, notes and supporting schedules for review and for the stakeholders to be aware of remaining sections outstanding and overall progress of the IPO work.
Shaun Locke, GM Asia Pacific of Workshare, concluded, “We’re delighted that Price Sierakowski embraced this innovative approach to running their cross-border IPO. There are significant cost savings using a collaborative approach via Workshare Transact. As well as benefits like secure online collaboration that limit the number of sensitive files exchanged over email.”
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