How the role of general counsel is changing
The days when the role of the general counsel focused entirely on advising companies about legal risks are over. In today’s corporate legal environment, GCs are expected to provide strategic advice to...
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The hidden costs of insourcing
Cumbersome and mind-numbing as it may be, processing high-volume repetitive contracts (think non-disclosure agreements and service agreements) is a necessary part of nearly every business’s operations....
View ArticleInsourcing vs. Outsourcing
As customer demands inevitably grow, the list of critical legal tasks multiplies as well, and the assumption is often that the existing team will simply have to shoulder the burden. Managers...
View ArticleTrends in private capital markets: 2021 and beyond
By Troy Pospisil, Founder & CEO, Ontra As the calendar marches closer to 2021, and we contemplate the past year of unrelenting and unprecedented change linked to a global pandemic, it feels like...
View ArticleAs seen in The Drawdown: Leading managers embrace a new standard in contract...
Troy Pospisil, CEO and founder of Ontra, charts the adoption of legal tech by blue chip private equity firms. In 2021, private equity set a blistering pace. According to Bain & Company, the...
View Article“The Future of Contracts: Keys to Managing Your Most Critical Contracts at...
How can an organization effectively manage routine contracts so crucial personnel can spend time on higher-value work? In The Future of Contracts: Keys to Managing Your Most Critical Contracts at Scale...
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7 private markets trends and how they’ll impact asset managers’ plans
Business and legal process outsourcing in the private markets have been popular for decades. Yet many asset management firms continue to keep repetitive tasks like non-disclosure agreements and other...
View ArticleAs seen in PitchBook: Unlock the advantages of contract automation
As part of PitchBook’s Q2 2022 US PE Breakdown report, Ontra CEO and founder, Troy Pospisil, discussed the advantages of contract automation. Many startups and tech companies throw around the phrase...
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How to leverage AI to improve deal sourcing and speed to close
Asset managers can speed up dealmaking and potentially increase the number of closed deals this year by building an AI-driven tech stack. Dealmaking is an arduous process, and manual methods for...
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4 ways to manage the hidden costs of routine legal documents
Asset management firms typically address high-volume, repetitive legal work in one of two ways. Either managers assign it to in-house resources or send it to expensive outside law firms. Fortunately,...
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5 signs of burnout and potential turnover in general counsels
Repetitive legal work can lower employee morale, leading to burnout and pushing skilled lawyers to leave the firm. Burnout is a manifestation of chronic unmitigated stress, according to Dr. Lotte...
View ArticleAs seen in StrategicCIO360: How automation is affecting legal contracts
By Katie Kuehner-Hebert Do you know how much your firm is spending on manually handing contracts? It might surprise you. Manually processing legal contracts can lead to great inefficiencies, but it...
View Article13 types of business contracts to automate & outsource
Handling routine legal work in-house isn’t an efficient use of businesses’ internal resources. Repetitive commercial contracts pull in-house lawyers and other business professionals away from...
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What is an NDA? Everything you need to know about non-disclosure agreements
Non-disclosure agreements have become common agreements. What are they, and how do they work? What does NDA stand for? NDA stands for non-disclosure agreement. What is an NDA? An NDA is a binding...
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How a contract playbook speeds up NDA negotiations
Non-disclosure agreements (NDAs) are an essential step in the private fund lifecycle, yet many firms say NDAs feel like a hurdle. Traditional contract workflows that rely on busy internal employees or...
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The top 10 terms in private equity NDAs
Non-disclosure agreements are the key to unlocking private equity deal sourcing. Without private equity NDAs, deal professionals and advisers have no way to dig into potential acquisitions to...
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Faster NDAs give asset managers a competitive advantage
Given the threat of recession and other headwinds, no one expects a particularly robust deal environment in 2023. Yet, when the economy worsened in 2022, the private equity (PE) industry proved to be...
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A guide to document processing for private markets
Ontra is the leading provider of document processing for private markets. Let’s look at what that entails and the benefits of our Contract Automation solution. What is document processing? Document...
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3 hidden dangers of private equity NDAs and how to avoid them
Hidden dangers within the private equity non-disclosure agreement (NDA) process can delay or ruin a possible deal. A mismanaged private equity NDA negotiation could prematurely push a seller or buyer...
View Article3 ways asset managers can reduce contract cycle time
Asset managers and investment banks are relying on contract management software to reduce the time it takes to finalize agreements. Players in the private markets are facing intense competition. There...
View ArticleHow Ontra develops contract playbooks with investment firms
Ontra’s contract playbooks enable investment firms to optimize, outsource, and accelerate routine contract negotiations. We provide every prospective Contract Automation customer with a playbook based...
View ArticleOntra survey shows private markets’ struggles with legal process pain points
What happened Ontra analyzed proprietary data related to the number of non-disclosure agreements that private equity, venture capital, and credit investors negotiated during the fourth quarter of 2022....
View Article3 ways asset managers can streamline NDA management
High volumes of NDAs are a given for large investment banks and asset managers. Unfortunately, so are the drawbacks of traditional solutions for NDA management. While many investment firms tap internal...
View ArticleHow contract analytics can benefit asset managers
An immense volume of data is hidden away in corporate contracts, and until recently, very few businesses were able to access their contract data efficiently. Gathering information from contracts...
View ArticleWhy asset managers should use legal process outsourcing
Many asset managers and investment banks struggle to find a cost-effective solution for high-volume, repetitive legal tasks like negotiating non-disclosure agreements and other routine agreements. The...
View ArticleAs seen in PE Hub: The potential and pitfalls of AI for private equity
Taking a measured approach to evaluating AI tools arms PE firms to navigate the opportunities and risks of various potential solutions. By Gianluca Rossi, Director of Machine Learning, Ontra...
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NLP for contracts: How natural language processing is transforming contract...
Natural language processing has become integral to contract management and many other legal and business processes in recent years. NLP is a field of computer science meant to enable machines to...
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The contract automation landscape for private markets
In recent years, rapid industry growth, heightened competition, and increased regulatory scrutiny have made fund management exponentially more complex. Private equity firms and investment banks want to...
View ArticleUnlocking data from PE contracts is a piece of cake
There’s a wealth of information hidden in contracts. For instance, with a contract intelligence solution, private equity firms can compare language across specific contract types. They can run reports...
View ArticleUnlocking efficiency: How private equity uses data extraction tech to...
Private investments have grown significantly in recent years, resulting in a substantial increase in contract volumes. Private fund managers, investment banks, and their external counsel are grappling...
View Article5 signs it’s time to automate your private equity NDAs
Contract automation is an effective way to free up internal resources to push toward a private fund manager’s strategic goals. With non-disclosure agreements (NDAs) and other routine legal contracts...
View ArticleMinimize risk, maximize speed — Private equity NDA management with AI
Traditional methods of managing non-disclosure agreements (NDAs), also known as confidentiality agreements, simply don’t cut it for fund managers at fast-paced firms anymore. Manual review by your...
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