ProVision by ILS: Features, Software Overview & Case Studies
Legal Technology for Investment Fund Teams
ProVision is a platform for investment fund legal teams and law firms that automates side letter management, MFN processes, and investor comment workstreams. It centralizes all investor obligations and terms in a single, searchable system, replacing manual spreadsheet and document-based workflows.
Product
ProVision by ILS
Use cases
Corporate & Transactional
Founded
2018
Headquarters
United Kingdom
Funding stage
Seed
Founders
Jack McCarthy, Fergus Plant
Last updated
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What ProVision by ILS does
The platform extracts and structures provisions from side letters and master documents using AI, generates MFN election forms, manages investor responses, and supports provision redlining across investors. Configurable workflows adapt to different fund types and MFN structures. ProVision maintains a full audit trail of actions, approvals, and document versions to support compliance. It integrates with DocuSign to automate MFN form delivery and collection. Deployed across more than 37 countries, it is used by over 1,400 users at legal, compliance, and fund formation teams, and by more than 15 of the world's largest law firms. Over 30,000 side letters and 1,000+ matters have been managed on the platform, supporting $620+ billion in capital.
What it does
ProVision by ILS core capabilities
Side letter & MFN automation
Auto-extracts side letter data and generates MFN election forms in PDF/Word.
Single platform for investor terms
All investor rights, data, and obligations in one searchable platform.
Configurable workflows
Flexible rules and parameters for different fund and MFN types.
Audit-ready history and reporting
Complete record of every action, approval, and document version.
Virtual Master Side Letter
Extracts and groups provisions from side letters into a structured master view.
Provision redlining
Redlines provisions across investors to identify differences and standardize language.
Technical specifications
- AI-powered provision extraction
- DocuSign integration for MFN form delivery and collection
- SSO and 2FA supported
- Deployed in 37+ countries
Who it is for
Who ProVision by ILS is built for
Target audience
- Large Law Firm
- In-House Legal Teams
Case studies
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Trust & compliance
ProVision by ILS security at a glance
Security certifications
Named enterprise customers
Pricing details
ProVision by ILS pricing
Product videos & screenshots
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Product interface
ProVision by ILS Interface
Comparisons
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Transparency
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FAQs
Frequently asked questions about ProVision by ILS
Side letters are typically managed manually via Excel or Word documents, with MFN election forms built and tracked by hand. This leads to unrecovered billable hours, inaccurate work product, and slower delivery. ProVision automates these processes to reduce errors and increase efficiency.
ProVision is used by more than 1,400 users across legal, compliance, and fund formation teams at 15+ of the world's largest law firms. It has supported the management of 30,000+ side letters and over 1,000 matters, covering $620+ billion in capital across more than 37 countries.
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