The ai-driven
Contract Lifecycle Management
for banks & financial services

On average, more than ten different people have at least one point of contact with the life cycle of your commercial loan and financing contracts. The people involved usually communicate independently of each other by e-mail or even in written correspondence. Individual processes thus have to be forwarded, related, discussed and approved many times over.

PACTA enables you to realise all legal processes of your financing on a single platform and have them managed by legal experts. PACTA maps the right workflows for each internal and external stakeholder:

Learn more about our Legal Operations Management for legal departments.
Learn more about our Contract Lifecycle Management for sales departments.

Manually searching through legal documents and finding metadata, risks and deadlines is tedious and time-consuming.

PACTA brings your contracts to life. Our artificial intelligence "Themis" supports you in reviewing documents and analyses all relevant contract data and deadlines for you. Monitor financing frameworks, instalment payments, interest and redemption schedules with the help of Themis and let her remind you of terms, annuities and notice periods.

This way, you reduce your audit workload and create audit reports and decision documents on average 31% faster than before while minimising your risks.

Commercial loan and financing agreements are currently concluded within 19 days on average. However, the time required for the award decision and coordination of individual parameters with the customer is often only a few hours. The real bottleneck in the system is trivial administrative tasks and inefficient document processing.

With PACTA, your colleagues in the legal department provide you with a legal hub of legally compliant forms and contract review workflows on demand. By answering an easy-to-understand questionnaire, you can create a contract perfectly formatted in your corporate design for your next financing within minutes or have it checked for compliance with your internal guidelines. You can also initiate the closing process in a legally secure, independent and straightforward manner.

You coordinate with your colleagues and clients through endless email chains and hundreds of comments, and edit Word documents in mark-up mode and circulation.

With PACTA, you edit your documents together with all parties in real time. This halves both the number of process steps and the absolute negotiation time.

In order to shorten the closing process, you may individualise your contracts yourself and without legal experts. This often results in legal errors or ambiguous clauses.

With PACTA, your legal department manages the entire contract process without being overloaded with simple recurring tasks. If you want to exceed the set legal framework, you trigger a release loop with a mouse click so that your legal department or management can deal with these special cases.

In this way, you eliminate an average of 75% of the sources of error in legal documents and at the same time ensure maximum agility in your customer relationships.

Concluding contracts by manually signing, sending and returning paper documents is not only time-consuming but also resource-intensive.

With PACTA Signature, you sign your documents within seconds instead of waiting an average of two weeks for a contract to be returned. This way you offer your customers an experience that meets modern expectations and increase customer satisfaction by an average of 80%.

Protect the environment and save costs. For example, a mid-sized company would save an average of nearly 300,000 pages of paper, 4.3 tons of wood, and 1.5 tons of CO2 per year.

You have to manually organise and compare all your clauses and text modules for different variants of financing structures, conditions and investment products. In addition, regulatory changes such as amendments to financial market legislation or supervisory decisions have to be collected, evaluated, assigned to different clauses and entered into a multitude of individual documents.

With PACTA, your legal experts keep track of all your clauses and legal texts at all times. Themis analyses your documents, recognises, extracts, categorises and names all your clauses so that you can compare, version and update them in one central place. PACTA then automatically optimises all forms with the desired changes for you (streamlining).

We understand that not all companies work with digital documents yet. The step to digitalisation is not always easy and often requires good change management.

We have also thought about this problem and make this step 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, digitisation reaches you sooner and easier than you expect.