Digitally Native Cloud-based Solution Integrates Entity Management, Permits & Licensing, and Much More in a Fully Comprehensive SaaS Solution
November 8, 2023 - PALO ALTO, CA
Today, Traact officially launched its revolutionary tech-first digitally native cloud-based platform which offers vast, integrated capabilities including Entity Management, Permits and Licensing, Board Management, Matter Management, Contract Management, Disputes & Litigation, Finance & Taxes, and Document Management modules. Corporate legal and law firm clients alike will substantially benefit from Traact’s comprehensive non-siloed approach, enabling them to automate and streamline legal operations with the most modern technology advances available.
Led by brilliant engineers who previously worked for Uber, Google and Amazon, Traact smartly leverages state-of-the-art technology to achieve optimal business outcomes. Highly secure, Traact is SOC II type 2 compliant.
Traact is more agile and affordable than entrenched competitors, most of which offer point solutions which typically only solve one problem at a time. Seeing the clear need for disruption and modernization in this category, Traact has innovatively designed a fresh approach to serve clients more efficiently and inexpensively than legacy providers can.
Poised for success, Traact has already attracted interest from dozens of clients, most of them enterprise corporate legal departments. Traact is also discussing customized solutions with top law firms which can leverage the platform to manage their legal services. Private equity firms are also gravitating to Traact to manage their portfolios of investment companies.
From General Counsels to Corporate Secretaries, Chief Legal Officers to Finance executives and law firm Managing Partners, Traact delivers a technology backbone poised to become as ubiquitous as Microsoft and Google applications.
Robert Holdheim, COO of Traact, remarked, “Our vision is to make Traact the solution for all legal and administrative functions, cutting across existing corporate silos and offering a single, centralized point of reference and action. Wrapping these functions in a suite of modern digital collaboration and project management tools will drive both dramatic gains in efficiency and substantial reductions in cost."
“Traact has streamlined our functions, replacing multiple service providers. We’ve seen significant efficiency and cost benefits. Their team is incredibly responsive and always goes above and beyond to help whenever we need it. The level of service is world class!” remarked Raymond Cho, General Counsel of Timec.
Traact is a subscription-based SaaS which charges a flat fee based on the client’s number of entities. Traact operates in all 50 United States and 130 countries worldwide.
About Traact
Traact is a fast-growing technology startup with a geographically diverse development team. Developing digitally native and cloud-based tech, Traact is bringing much-needed disruption and transformation to corporations, law firms and financial organizations. The company has attracted top engineers from the largest, most successful companies in the world, and is dedicated to providing the very best in tech-first solutions and client service acumen. A Silicon Valley company, Traact is based in Palo Alto, California. Visit Traact.com for more information, or follow us on LinkedIn.