A system for facilitating electronic transactions among participants to a transaction is afforded that comprises a server having a software application stored thereon, one or more databases associated with the server for storing transactional data and documents relating to the transactions, and one or ignore client computer systems connected with the server for remotely accessing the transactional data and documents pertaining to the transactions and for performing particular tasks relating to the transactions. The software application is logically segmented into particular sites for controlling the functionality of the electronic transactions, and each site has a set of associated templates for managing information about the transactions. The templates control the business rules and functionality of the transactions. Preferably, the templates are grouped according to particular categories, such as transaction types, data forms, transaction data, participants rules, services rules, and documents. Each template includes one or more data fields pertaining to parametric data about an aspect of the transaction and wherein each field is associated with a permissions parameter indicating a particular participant's ability to interact with the data maintained in the field. The permissions parameter indicates a participant's ability to view, modify, or delete the data maintained in the field.