The partnership aims to address the evolution of deals, with clients demanding a more streamlined approach to the transaction process and calling for increased transparency and accountability at every stage, a statement from thedocyard said.

Under the partnership, Phoenix Business Solutions will act as a UK, American and Australian reseller for thedocyard, with plans to expand into European and Asian markets.

“Our sole purpose at thedocyard is to take the pain out of transactions by creating a simpler, more efficient and collaborative process for our customers and their counterparts at every stage of the deal process,” said Stuart Clout, founder and CEO of thedocyard.

“The ability to collaborate seamlessly, yet securely, is increasingly key to productivity and efficiency, which is something that Phoenix has been at the forefront of helping its global client base achieve.

“We are therefore thrilled to be partnering with Phoenix as part of their wider information management and governance solution portfolio.”

Jason Petrucci, CEO of Phoenix Business Solutions, is equally as excited about the new partnership.

“thedocyard is highly complementary to our existing solution portfolio and has several other potential synergies within the business,” he said.

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“thedocyard has really considered the ease of use and efficiency for its end users, something vital in today’s crowded market. Clients are demanding more for less from their advisors, not only limited to cost, but value added service and service delivery too.

“thedocyard offers a unique and efficient solution to this issue, which harnesses smart innovation technology to reduce cost, improve margins and enrich the customer experience. We are thrilled to announce the addition of thedocyard to our client offering.”