Case Study: Battery Ventures cut NDA process time 42% with Ontra
Key results
The challenge
Battery Ventures, a technology-focused investment firm founded in 1983, faced a rising volume of NDAs that its investment team had to help process. The end-to-end NDA process took seven days or more, diverting time from deal work.
The solution
Battery Ventures adopted Ontra's Contract Automation to manage NDA negotiation, standardizing the process and shifting routine review off the investment team.
“Ontra has freed up our investment team to focus on their highest priority work, which is finding good deals for investment. If we can give them each just a few hours a week, that can have a huge effect. And that is invaluable.”
LPLizette Pérez-DeisboeckGeneral Counsel and Chief Compliance Officer, Battery Ventures
The results, in context
Ontra cut Battery Ventures' time on the NDA process by 42% and reduced average turnaround from seven days or more to about four days. The firm saved roughly 40 hours of investment-team time each month and processed 32% more NDAs over three years.