Deliver on Loan Covenants
Automate the compliance process of identifying, tracking, and monitoring activity to satisfy commitments to lenders.
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TRUSTED BY LEADING FIRMS
USE CASE
Leverage AI to Proactively Deliver on Credit Obligations
Save Time
Quickly access and understand restrictions and requirements in your credit agreements
Stay Competitive
Easily review and compare against terms from past agreements when negotiating new facilities
Manage Risk
Confidently track debt covenants and satisfy commitments to lenders
Strengthen Compliance
Proactively monitor compliance requirements and default triggers
HOW WE DO IT
Automate Compliance, Deliver on Commitments
Extract, digitize, and manage your obligations across your credit agreements
AI-Enabled Contract Digitization
Quickly identify and categorize covenants from credit agreements with Ontra’s AI abstraction
- Transform credit agreements into structured data by identifying covenants and highlighting corresponding language
- Automatically match and group new clauses with similar covenants from existing credit agreements
- Generate covenant names, descriptions, and categories created by AI and reviewed by Ontra trained specialists
Searchable, Digital Repository
Generate an easily searchable, digital repository of credit agreements and covenants
- Store, manage and update, and compare your credit agreements from a single, secure location
- Quickly find contract language and summary descriptions with Insight's AI powered search algorithm
- Easily find and understand the negative covenants within your agreements to know whether an action can be taken
Obligation Compliance
Assign, monitor, and proactively deliver on commitments to lenders
- Track lender commitments with tasks to proactively deliver on affirmative and financial covenants
- Build multi-stakeholder task workflows to support compliance with critical event-based and recurring obligations
- Track, assign, and manage tasks to satisfy obligation compliance across your portfolio companies
AllianceBernstein
"In the three years we've partnered with Ontra, their Insight solution has helped to ensure we're in compliance with all of our contract obligations. We're incredibly pleased with Ontra's use of cutting-edge technology to deliver legal solutions optimized for quality, speed, and low cost. Adding AI into the mix with Ontra Synapse is another win for a company with a long track record of innovation."
Neal Kalechofsky |
Former Vice President of Alternatives Legal
Get back to the high-value work your team loves–and your company needs
Tap into a more efficient and effective way to manage lender obligations
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