Whitespace has announced the launch of new library and contract builder capabilities.

The new functionalities introduce major evolutions to Whitespace’s user interface and allows designated users to create and manage a library of company-specific contract clauses, wording and headings with standardised tagging and formatting. Existing Whitespace templates and contracts can also be added to the library.

Marcus Broome, chief platform officer of Verisk Whitespace, said: “This is an exciting addition to the Whitespace platform functionality that is often requested for digital trading, and we’re delighted to be leading the way.

“This new functionality offers a streamlined, protected and highly efficient contract building management system with the seamless customer experience that users have come to expect from Whitespace. Our goal was to remove copy and paste from the equation for text-heavy documents, ensuring things like formatting, tagging of data and indentation are respected, saving our users time and reducing the risk of unintended errors.”

The update will be automatically available to all existing Whitespace platform users over a series of releases that are planned through the remainder of the year.

---