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Full-Time

E-Billing Associate

Confirmed live in the last 24 hours

Ontra

Ontra

201-500 employees

AI-powered legal process automation for investment firms

AI & Machine Learning
Financial Services
Legal

Compensation Overview

$54k - $76kAnnually

+ Equity Grants + Commission

Entry, Junior

Remote in USA

Preference for candidates in Central or Eastern time zones.

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Requirements
  • At least one year of experience in e-billing at a law firm; comfortable generating and editing ledes files for both domestic and international clients (98B and 98BI file types)
  • Familiar with third-party e-billing portals such as CounselLink, SimpleLegal CounselGO, Tymetrix360, Passport, and Serengeti Legal Tracker
  • Superior attention to detail: Willing to put in the time and effort to avoid errors and consistently deliver polished work product
  • Able to interact with clients in a positive, professional manner and proactively resolve customer issues related to invoicing and collections
  • Skilled in communicating clearly, both internally and externally, in a variety of formats (written and verbal)
  • Can juggle multiple priorities while meeting deadlines and complete tasks in a timely manner
  • Comfortable working with Excel to create reports and manipulate data
Responsibilities
  • Own end-to-end onboarding for all new e-bill clients
  • Submit all e-bill invoices in compliance with clients’ e-billing guidelines, and by the required monthly deadlines
  • Source and maintain all necessary information for successful invoice submission for new and existing e-bill clients; i.e. client matter IDs and timekeeper approvals
  • Respond to client inquiries for accrual data, matter information, and timekeeper rates
  • Resolve all e-bill rejections and reductions in a timely and professional manner
  • Partner with Account Managers and other team members to edit, revise, and resubmit invoices as required
  • Generate AR aging reports and facilitate collections outreach for customers with past due balances
  • Assist with cash application by researching and identifying cash receipts for e-billed invoices
  • Monitor client email inbox and internal invoice support channel for incoming inquiries and respond within the established time frames

Ontra.ai provides AI-powered solutions designed to automate legal processes specifically for investment firms. The company's software streamlines the intake, negotiation, and execution of routine contracts, such as Non-Disclosure Agreements (NDAs), by leveraging a global network of freelance legal professionals. This automation allows legal teams to concentrate on more strategic tasks rather than routine paperwork. Ontra also offers services to ensure compliance with contract obligations, tailoring its solutions to the unique needs of each client based on their investment strategies. Unlike many competitors, Ontra has a strong focus on the private markets and has gained the trust of over 600 investment firms, including notable clients like Blackstone, which has also invested in the company. The goal of Ontra is to digitally transform legal workflows throughout the entire fund lifecycle, enhancing efficiency and effectiveness for its clients.

Company Stage

Series B

Total Funding

$240M

Headquarters

San Francisco, California

Founded

2014

Growth & Insights
Headcount

6 month growth

0%

1 year growth

2%

2 year growth

9%
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Simplify's Take

What believers are saying

  • Ontra's client base includes 9 of the top 10 PEI-ranked firms, indicating strong market validation and growth potential.
  • The recent appointment of experienced leaders like John Lofy and Leslie Olsen suggests a focus on enhancing customer success and marketing strategies.
  • Integration of advanced AI technologies like GPT-4 positions Ontra at the forefront of legal tech innovation, potentially attracting more high-profile clients.

What critics are saying

  • The legal tech market is highly competitive, with numerous players vying for market share, which could impact Ontra's growth.
  • Dependence on freelance legal professionals may pose challenges in maintaining consistent service quality and compliance.

What makes Ontra unique

  • Ontra's AI-powered legal operating system is specifically tailored for private markets, setting it apart from more generalized legal tech solutions.
  • The integration of OpenAI's GPT-4 into Ontra Synapse enhances its AI capabilities, providing a competitive edge in automating complex legal workflows.
  • Ontra's global network of freelance legal professionals allows for scalable and flexible contract management, unlike competitors who rely solely on in-house teams.