Contract management and prospectus management for funds and capital investments

With PACTA, you scale your funds, capital investments and prospectuses even faster, more efficiently and more sustainably.

BENEFITS

Time is money. Especially in the capital market, this principle is decisive. Neither capital management companies nor custodian banks, trustees, asset managers, corporate finance advisors and investors want to spend days or weeks dealing with legal bureaucracy. This is exactly where PACTA comes in.

1

One central core system for investment and prospectus management

CMC, custodian bank, asset manager, corporate finance advisors and investors usually communicate independently of each other by e-mail or exchanges of letters. Individual processes have to be forwarded, correlated, discussed and approved many times. PACTA allows you to manage and implement all legal processes on a single platform. In this way, you create a uniform solution for all parties involved and optimize the entire lifecycle of a fund, from its launch to its dissolution.

2

Scalable contract processes on demand

Prospectuses and investment terms and conditions are currently drafted, discussed with all parties involved, approved and published within 90 days on average. However, the time required to coordinate individual sections with the depositary, asset managers or corporate finance advisors is often only a few hours. The devourers of time are administrative activities as well as inefficient document creation and editing.

PACTA offers a solution. Only once CMCs define the required forms for sections and asset classes as well as the corresponding legal processes. The responsible persons and authorities can then access these workflows permanently on demand and initiate the drafting process immediately, independently and directly.

This saves an average of 44% of the time spent by all parties throughout the lifecycle of your investments.

3

Legal security with maximum agility

Investment conditions, risk notices and other contents of a prospectus are often drafted by CMCs or even asset managers without legal assistance. In the process of individualizing the legal content, legal errors or ambiguous clauses repeatedly arise, which subsequently have to be reworked. With PACTA, you and your employees can access ready-made forms and legal processes on demand, which are designed and controlled by internal lawyers or external attorneys. With approval processes for additional or special content, you and your legal staff maintain control over your documents at all times, while ensuring maximum agility of your fund structures. As a result, you create more legal certainty and eliminate an average of 75% of the sources of error in your documents. In addition, PACTA reduces the need for adjustments to your documents by almost 10%.

4

Optimization of their coordination or approval processes

Coordination with and approval by various parties involved in the individualization of investment documents usually consist of endless email chains and editing Word documents in markup mode, as well as hundreds of comments.  With PACTA, you edit your documents collaboratively with all parties in real time. As a result, you halve both the number of your process steps and the time from draft to contract conclusion or publication of your documents.

5

All dates and deadlines at a glance

Searching through your prospectuses and other documents for relevant metadata and filtering your documents by transactions or fund structures is time-consuming. However, it becomes even more unpleasant if you miss the reporting deadline of an ad hoc announcement due to a lack of clarity, thus creating the risk of civil liability claims. PACTA extracts the relevant metadata of your legal documents and capital market deadlines and presents them clearly in a searchable table that can be customized according to your wishes. You will never miss reporting deadlines again and keep track of all your legal data. As a result, you need 29% less working time to prepare the next (semi-)annual report than before.

6

Digitalization of their paper documents

We understand that not all regulatory agencies are yet working with digital documents. However, converting written permission notices or regulatory notices into machine-readable digital documents presents legal and technical challenges for all other stakeholders. We have approached this problem and came up with a solution as easy as possible for you. PACTA comes with automated text recognition (OCR) software that automatically turns simple scans into readable PDF documents. This way digitization reaches you sooner and easier than you expected.

7

Sustainability and resource conservation

The provable declaration of consent or release of a document by individual parties, as well as the conclusion of subscription agreements or agreements on the change of investment principles with investors by handwritten signatures, mailing and returning paper documents is not only time-consuming but also resource-intensive. With PACTA Signature, you sign your documents in seconds instead of waiting an average of two weeks for your documents to be returned. This way you can protect the environment and save costs. For example, a medium-sized CMC would save an average of almost 300,000 pages of paper, 4.3 tons of wood and 1.5 tons of CO2 per year.

YOUR PROCESS

Optimize your legal processes across the entire lifecycle of your investments. From the launch of a fund, the creation and approval of prospectuses for fund investments and securities, the updating of investment principles, the planning and creation of ad hoc announcements and (semi-)annual reports, to the maturity extension or termination of an investment, you can manage more investment volume in less working time.

1

Prospectus preparation

2

Approval by depositaries and supervisory authorities

3

Updating of investment principles

4

Ad hoc announcements

5

(Semi-)Annual reports

6

Term and extension

With PACTA you can scale your business even faster and more sustainably. Find out how and get the first 5 PACTA signatures per month for free during the first year of your contract:

FAQ

What exactly is meant by document automation?

Michael Czapla

Senior Sales Professional

With PACTA, you can automate more than just the creation of contracts. Rather, with PACTA you can automate all your legal operations holistically. From upload to draft, approval, signature, data extraction and deadline management - with PACTA you automate the entire lifecycle of legal documents.

How does document analysis work?

Arthur Gogohia

Data Scientist

For our automated extraction of relevant information from documents, we rely on state-of-the-art deep learning architectures. In the first step, a specially trained neural network recognizes important parts within a document. In the second step, our algorithms process this information into insightful findings. In the third step, the data is sorted and clearly presented on the platform.

How does automatic text recognition work for documents?

Jeffry Cacho

Data Scientist

We achieve automated extraction of text from scans in two steps. First we use image processing algorithms to optimize the quality of the scans. Our customized deep learning model then detects existing text in the image with pixel precision and converts it into digital text. This makes scans searchable and eliminates the need to manually type out the text.

CURRENT CUSTOMERS

Our customers and partners trust in PACTA and our expertise.

"With PACTA, we can automate the creation of bond terms and conditions as well as investment and securities information sheets with a high degree of individualization. This gives us more time to structure investment and hedging concepts on a case-by-case basis and to advise our clients individually on financing issues."

Dr. Matthias Möller, Partner at SCHIEDERMAIR Rechtsanwälte in Frankfurt am Main

"We operate one of the largest online law firms in Germany. PACTA is our technical basis with the help of which we can create and update our online contract forms in a scalable way. PACTA offers us a significant speed and efficiency advantage over our competitors. It enables us to offer all our consulting services at any time, on demand, with the highest quality and at fair prices. In addition, we gain more time for client support."

Dr. Georg Schröder, LL.M., Managing Director at legal data Schröder Rechtsanwaltsgesellschaft mbH

"By using PACTA, we were able to accelerate our digitization process in an uncomplicated and fast way. PACTA offers us the possibility to work even more efficiently and independent of location."

Thomas Knüppel, Partner at Klopsch & Partner Rechtsanwälte mbB

"Without PACTA, it is hardly conceivable that a consultation with a lawyer in a distant city could proceed in this way. As a company that offers digitization projects ourselves, we are very enthusiastic about the potential of PACTA."

Jörg Godau, Managing Director at VRR Consulting

With PACTA you can scale your business even faster and more sustainably. Find out how and receive the first 5 PACTA signatures per month for free during the first year of your contract: