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eVault is the name we give to the electronic storage facility within propel-lc.
It is available to all users of propel-lc – both lenders and lawyers and it is up to the user to decide which documents are saved in the eVault space within propel-lc. overview
- eVault is found in the “manage documents” section of a deal.
- it contains all documents up loaded by the user as well as the documents downloaded from the other party.
how it works
- the browse function is used to locate documents on the user’s computer for uploading.
- All documents uploaded are available for viewing by the user.
- If the user wishes the other party to view the documents as well then the documents also need to be submitted to the other party
features
- Strong access controls.
- All content is secured by encryption algorithm.
- Prevents unauthorised access.
- Tracks and logs all document requests and activity.
- Not limited to the documents required for the deal – a lawyer might decide to scan and upload his/her complete paper file - or always scan and upload Client A & I forms and eDealing information.
- Can always be found after the deal is closed by using the search or advanced search function.
- You can now search on the eDealing number if this is stored in propel-lc.
benefits
- Always available.
- Industrial strength, high volume system.
- Never lose your documents.
- Fully backed up with disaster recovery in place.
- No special software to install.
- Complies with privacy requirements for legal data storage.
- Able to transfer file to corporate document storage system.
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