As a Craft Ventures portfolio company, I had the pleasure of speaking with other founders and members of the Craft ecosystem where I shared insights on how Mantle’s Document Insights utilizes cutting-edge AI to elevate equity management for founders.
The Traditional Relationship Between Documents and Platforms
Everyone has seen the typical pattern play out; you have to read your files/documents, put the values into a platform, and then “attach file” to start using any data-intensive and auditable platform properly. While this is great for organizing documentation next to data, traditional platforms always treat files as adjacent datasets instead of something that is integrated into the user experience.
The Problem: Manual Cap Table Woes
Founders often find themselves bogged down by the manual intricacies of cap table management while keeping their documents in order. Often involving Excel spreadsheets and tedious email exchanges with legal and accounting professionals. This traditional approach poses risks of discrepancies, errors, and valuable time diverted from business growth.
Traditional cap table platforms allow document uploads, but they lack understanding, leading to reliance on manual input.
Manual input has many struggles…
- Out-of-sync records – Hard to maintain trust with a system that can get out of sync with your documentation. Documents are ultimately going to be the source of truth for equity in your business, so this relationship is important.
- Susceptible to human error – When relying on people to populate a platform from documents, there is always a chance there is a wrong number somewhere. On traditional platforms, we often see people trusting the documents before they trust the platform because of this pattern.
- It’s time-consuming – We’ve talked to many people who are just exhausted by managing this relationship. It feels like never-ending work and can be extremely time-consuming.
Our Solution: Mantle’s Document Insights
Mantle can template and create documents for your common workflows so that the need to import documents is kept to a minimum after onboarding, but we know there will always be cases where documents need to be imported and processed.
Mantle streamlines these workflows within its platform by using AI to understand the key data points in the documents for your company. Using this ability, we can quickly turn the documents in your data room into a cap table for your review and onboarding process. Then while using the platform, we can alert users when any platform values stray from the document values.
Mantle’s document insights have shortened these workflows from hours to minutes and greatly increases the trust that the data you see in-platform is up-to-date and accurate.
How It Works
Mantle’s process unfolds seamlessly in seconds. We can classify documents, and inspect documents for their specific insights. Things like purchase amounts, various dates, vesting schedules, etc are all extracted from documents in real-time and processed by Mantle. We’ve had to create new technologies and techniques to make this feasible and manageable for us to execute at scale.
We always present document findings to the user for review and verification. Truly giving the platform the feeling of an assistant that is helping you do your tasks more efficiently.
In conclusion, Mantle’s commitment to accuracy, privacy, and user-centric solutions positions us as the go-to platform for founders seeking efficiency and reliability in equity management.
Schedule a demo to learn more about how Mantle can help you manage your company’s equity.