New Feature Enables Asset Managers to Sign Contracts Electronically Within the Ontra Platform
Ontra, the leading provider of contract automation and intelligence for the world’s most prominent asset management firms, announced the availability of the company’s eSignature capability, designed to accelerate the contract signature process and provide a better experience for negotiating parties.
“With our eSignature capability, asset managers can save time signing, tracking, and managing contracts, ultimately allowing them to complete deals faster.”
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Historically, executing contracts has involved a paper-intensive process that places a high administrative burden on internal legal teams. While stand-alone eSignature capabilities alleviate some of this burden, lawyers and deal professionals must still manually pull contracts into a separate eSignature platform before they can sign them. Ontra’s new eSignature capability addresses this issue by seamlessly embedding signature functionality directly into the Ontra platform. Ontra eSignature accelerates contract execution by alleviating inefficiencies that have historically delayed the signature process.
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With Ontra eSignature, Asset Managers can:
- Simultaneously deliver signature-ready contracts to all parties, eliminating lags caused by sequential signing.
- Prompt signatories to take immediate action through automated reminders.
- Avoid bottlenecks by reassigning signature responsibility to different individuals within their company.
“We are constantly evolving the Ontra platform to meet the needs of our private market customers, which seek agility, efficiency, and greater returns,” said Mitch Spierer, VP of Product, Ontra. “With our eSignature capability, asset managers can save time signing, tracking, and managing contracts, ultimately allowing them to complete deals faster.”