Creating a Transaction from a Contract

Creating a Transaction from an Uploaded Contract is a painless process. To initiate the transaction, click on the (ADD NEW TRANSACTION) button at the top of the Transactions or Tasks page.




Provide a Transaction Name
Choose the Type
Select a Workflow
Upload the Executed Contract along with any important addendums - attached as a single file

Next, you will work through a 5 Step Process to ensure accuracy of the AI Details extracted as well as the process taking place.

It may take up 90 seconds for our AI to parse the information from your contract. Please do not click away from this menu or refresh the page at this time to avoid duplication

Step 1: Verify Contract Data

Our AI is not perfect and sometimes Agents make mistakes. Double check for accuracy amongst the terms extracted. Should you need to make any changes, click the pencil icon to the right of the extracted term, to easily edit the field

Step 2: Remove Groups of Tasks at once

If a contract does not include Inspections, or Financing, or an HOA, etc, you can r[emove groups of tasks in a single click](/en-us/article/task-groups-linking-tasks-together-1ebhzb0/).

Step 3: Review Key Dates (editing should not be necessary)

If you were to manually upload a contract, this step is when you would adjust the Key Dates of your template to match the contract terms. In this case, you have already reviewed the Contract Dates during step 1. You will see that each "Linked" task is also adjusted to match the contract. The green AI Sparkle Icon represents that an adjustment was made.

Step 4: Edit Non-Key Date Tasks

If you want to review/remove any non-Key Date tasks, you can do that during this step.

Step 5: Add Team Members & Transaction Parties

If you have a Team account, you will first be prompted to add Team Members and their assigned role at this time.

Next, our AI will provide you with all contacts from the Contract. If there is already a matching Contact in Nekst, you can select to re-use the existing contact. If the contact does not exist in your account, you can add additional information like phone numbers and email addresses.

For Agents and Brokers, company name and contact information should be extracted and auto-filled. You will just need to ensure the appropriate role is applied.

Updated on: 10/04/2024