The radical part of the system is the end-to end workflow unique to transact direct. Once sufficient users are operating the system in a given area transactions can be conducted completely online within the system.

We have already demonstrated that, where we have users on both sides of the transaction, the efficiencies are substantial.

The entire conveyancing transaction can be conducted electronically from start to finish including search instructions, missives or contract negotiation, document preparation, report ordering and communications.

The inherent security utilities within VisualFiles have allowed the Purchase and Sale files when linked to the same property to communicate directly within the system. This allows a shared missive negotiation process to pass information between the files in electronic format until the terms of a contract are agreed. This substantially streamlines the missives process from a time and resource perspective. All correspondence between the parties is essentially passed within the system as data and only where formal documents are required are these produced in paper format for signature.

Transact Direct prompts each party by email immediately something has happened on the case that needs their attention. For example, the search company will be prompted to make the searches and the results will be sent to the case file electronically – which will then activate the next event, and so on to completion.