vs Manual Word Drafting

PPMWizard vs a manual Word drafting workflow

This comparison describes an illustrative workflow in which the issuer and counsel edit a PPM template directly in Word. It does not describe every template provider or package. Instructions, calculation fields, macros, companion tools, licenses, and update rights vary. Both approaches require qualified securities counsel and review of disclosures, calculations, and formatting.

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An illustrative Word workflow

Editing a local document with your team

In this example, you obtain a Word template and edit its sections with your team and counsel. The document can serve as a shared working file for offering facts, economics, risk language, and redlines. A particular provider may also supply instructions, fields, macros, spreadsheets, or other tools that change this workflow.

In either a Word-based or software-based workflow, the issuer and counsel must reconcile the financial model with the disclosure, check the selected exemption and deal-specific risks, and inspect the final formatting. The tools and the team’s review process affect that work; neither approach guarantees accuracy, completeness, compliance, or savings.

The PPMWizard workflow

Structured inputs and document exports

PPMWizard asks structured questions and assembles a draft around your answers. The selected framework changes related draft language, and the asset class changes prompts, narrative sections, and suggested risks. Distribution inputs feed the draft; applicable real-estate workflows also include waterfall modeling and sensitivity tables. These features organize a starting draft for review rather than validate the offering.

The output includes an editable Word draft for counsel and an editorially consistent PDF with pagination, folio numbers, and a layout tuned for print. Paid access also unlocks an investor questionnaire where supported, an applicable Form D preparation worksheet, and a real-estate Excel underwriting model where applicable. Changes made in the Word file must be copied into the wizard manually if you want them reflected in a later export.

Side by Side

Eight topics to discuss with your team

An illustrative manual Word-editing workflow beside PPMWizard. This is not a review of a particular provider or every template package. Both workflows require counsel and document review.

Guidance during drafting

Illustrative Word workflow

In this illustrative workflow, the issuer and counsel edit a local Word file. Instructions, fields, macros, and companion tools vary by provider.

PPMWizard

Structured wizard. Each step asks deal-specific questions and assembles the document around your answers.

Distribution waterfall math

Illustrative Word workflow

The team supplies and checks calculations in its chosen model. A particular template package may include calculation fields, macros, or a companion workbook.

PPMWizard

Structured distribution inputs feed draft language. Applicable real-estate workflows also include waterfall modeling and financial tables. Assumptions and results require review.

Disclosure sections

Illustrative Word workflow

Sections depend on the selected template. The issuer and counsel determine which disclosures need to be added, revised, or removed for the offering.

PPMWizard

Structured sections organize offering facts, economics, risks, and subscription-process information. The issuer and counsel determine which disclosures need to be added, revised, or removed.

Risk factor library

Illustrative Word workflow

Risk language and supporting tools vary by template. The issuer and counsel select, revise, and supplement risks for the actual offering.

PPMWizard

An asset-specific starting set from a 54-factor catalog, plus a custom-risk field. The issuer and counsel select, revise, and supplement risks; the catalog is not a completeness check.

506(b)/506(c) language tuning

Illustrative Word workflow

The selected template and any automation determine how changes are made. The issuer and counsel reconcile affected language when the exemption changes.

PPMWizard

The 506(b) and 506(c) selections change related draft language. Counsel determines the exemption, required disclosures, and verification process; the software does not establish compliance.

Formatted output

Illustrative Word workflow

Formatting depends on the template, Word settings, and edits. Review the final file for pagination, headers, tables, and other layout changes.

PPMWizard

Editable Word and a formatted PDF for review. Check pagination, headers, tables, and layout after export or editing. Word edits do not sync back automatically.

Counsel review

Illustrative Word workflow

Counsel determines which provisions need revision or replacement and quotes that work separately.

PPMWizard

Counsel determines which provisions need revision or replacement and quotes that work separately. Software use does not guarantee a smaller review scope or lower fees.

Software, template, and legal fees

Illustrative Word workflow

Set by the template provider, plus any separately quoted counsel or supporting-tool costs.

PPMWizard

$29 once for one offering's export package and revisions, or $49/month for unlimited drafts and exports while Pro is active. Draft and preview up to 3 offerings free. Counsel fees, filing fees, other vendor costs, and any applicable taxes are separate.

Provider features and licenses vary. Neither workflow guarantees disclosure completeness, accurate calculations, regulatory compliance, lower legal fees, or a shorter review. PPMWizard prices exclude counsel fees, filing fees, other vendor charges, and any applicable taxes.

Honest Fit

When a Word workflow makes sense

A Word template can fit a team that prefers a local-file workflow, already has a reviewed drafting and calculation process, and wants counsel to work directly in the same file. Confirm the template’s scope, license, update rights, and included supporting documents before relying on it.

A file-based workflow can also fit when counsel is leading the drafting and has agreed to use a particular template as a starting point. Counsel should define the review scope rather than assuming a template reduces it.

A guided draft may be useful when the issuer wants structured prompts, linked calculations, and a consistent preview before counsel review. Compare both workflows on your own deal and ask counsel which starting point fits the engagement.

See the output for yourself

Draft both. Compare the output.

The direct comparison is to try the PPMWizard drafting flow, review its watermarked preview beside the template you are considering, and ask counsel which starting point fits the deal.

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Drafting tool only · attorney review required before issuance