Ontra leverages deep industry experience and purpose-built AI to optimize sell-side contract processes.
As the leader in contract automation and intelligence, Ontra has decades of collective expertise with transaction processes and understands the challenges investment bankers face on a daily basis. In particular, we know the negotiation process for outbound NDAs often slows bankers down and delays getting bidders into the data room.
By partnering with Ontra, our customers move beyond the status quo to accelerate their transaction processes with our AI-powered Contract Automation solution.
Unnecessary process management challenges for investment banks
Investment bankers manage a wide variety of workstreams in a transaction process, including the oversight and negotiation of NDAs. Managing interactions and NDA negotiations with dozens of potential counterparties for a transaction while getting clients ready for due diligence, management meetings, and transaction execution is no small task.
Despite the relatively short length of NDA agreements, negotiations can be complex and time-consuming, leading bankers to task-switch away from more urgent priorities. Every negotiation delay means less time for diligence and management meetings or pushes back transaction execution timelines.
Negotiations managed by investment bankers without legal training can make the NDA process even more challenging and reduce the time they have available to perform high-impact work that leads to happy clients and effective transaction execution.
Additionally, the lack of a streamlined solution for the high volume of NDAs in a transaction process can lead to the bank’s clients relying on deal counsel, which takes time away from the crucial legal work deal counsel manages and increases client costs.
Ontra saw that the traditional NDA negotiation process overseen by investment bankers was ripe for innovation. Enter Ontra’s Contract Automation solution.
Benefits of Ontra’s Contract Automation for investment banks
The status quo isn’t good enough anymore — investment banks and their clients need AI-powered Contract Automation.
Contract Automation is Ontra’s AI-powered, human-in-the-loop contract negotiation platform designed to efficiently and effectively handle private markets legal agreements. Built on OpenAI’s GPT-4, Contract Automation streamlines negotiations through a unique combination of purpose-built, industry-specific AI capabilities, workflow tools, and a global network of over 600 experienced legal professionals.
Ontra’s Contract Automation benefits investment banks by:
- Optimizing client experience: Kick off sell-side processes with ease by sending the NDA form and a few process details to a dedicated inbox.
- Accelerating contract negotiations: Minimize exposure to market and company performance risks by accelerating NDA distribution and negotiation processes — and get prospective buyers into the deal process faster.
- Improving visibility: View the real-time negotiation status for every prospective buyer. Track NDA views and easily export, manage, and share data.
- Lowering expenses: Benefit from predictable, fixed fees and save clients from the unnecessary costs of relying on traditional deal counsel for routine documents.
Ontra’s Contract Automation solves sell-side contract challenges
Ontra brings deep expertise and purpose-built AI legal tech to the sell-side transaction process.
Sell-side expertise
Ontra relied on its deep internal legal and industry expertise to develop a streamlined process for managing, negotiating, and executing contracts needed for transactional processes. Additionally, Ontra provides data-backed insights into current market positions and trends, enabling our investment bank customers to make informed decisions about their negotiations and avoid undue delays. In a space as competitive as investment banking, having access to data is paramount to providing the best service to clients in a sell-side process.
Ontra’s internal expertise is matched by our external Legal Network made up of over 600 legal professionals worldwide who negotiate transactional contracts in every major jurisdiction. Ontra pairs a dedicated team with each investment bank, and the network lawyers develop great working relationships with the bankers, familiarizing themselves with the bank’s typical client preferences and sensitivities. This close client relationship and experience, paired with Ontra’s proprietary market data, is a powerful combination for Ontra’s investment banking customers as well as their clients.
Purpose-built legal tech
Synapse, Ontra’s AI engine, helps mitigate some of the legal industry’s challenges in adopting AI through its unique combination of industry-specific contract data, revolutionary machine learning models including GPT-4, and a human-in-the-loop approach to reviewing model outputs.
Ontra has unique knowledge derived from processing over 1,000,000 industry agreements for our customers. We have insight into private markets’ trends and understand our customers’ market positions, enabling us to guide our customers in building streamlined and efficient parameter sheets and negotiation processes.
Ontra has designed Contract Automation features to specifically address investment bank’s most common challenges:
- Parameter sheets: Rely on Ontra’s experience to ensure parameter sheets represent the latest market positions. We make certain our investment bank customers stay current with market trends while customizing parameter sheets for each deal to match the investment bank’s clients’ preferences.
- In-app document exchange: Send NDAs to prospects via a password-protected link and track who accesses them via customized follow-ups. Customers can also revoke the link in a single click to prevent further access to the file if needed.
- Processing and administration: Streamline contract management by automating time-consuming manual tasks with Ontra. Customers can monitor important obligations and dates through trigger-based alerts and email reminders and track contract status throughout the negotiation process.
- Security: Establish permission groups to restrict access to confidential information and avoid deal team cross-contamination.
Improve the client experience with Ontra
Ontra’s Contract Automation for investment banks offers an optimal client experience. Ontra helps kick off sell-side processes with ease and provides unmatched value that our investment banking customers can pass on to their clients.
The members of our global legal network have collectively processed more than 1,000,000 contracts for our customers and understand how to best facilitate negotiations through our solution. Between their knowledge and skills and Ontra’s advanced legal technology, these legal professionals streamline even complex negotiations, giving investment banks a strong foundation to build new relationships and execute transactions.
Ready to unlock smoother sell-side NDAs with Ontra?
Ontra brings years of expertise and purpose-built legal tech to sell-side contract negotiations. Are you ready to take advantage of it?
Set up a time to speak with General Manager of Investment Banking Josh Nulman by emailing [email protected].
