Know what the SPA committed you to
Every obligation, earnout and deadline from the deal set in one register, each with the clause it came from.
Review queueDeal overview
For M&A deal teams
Track every obligation in your deal documents
Telovant finds the obligations in your SPA, schedules and side letters and shows the exact clause behind each one. Your team approves every item before it is monitored.
For deal leads, portfolio operations and general counsel.
Project Meridian · Review queueItem 3 of 12
OBLIGATION · FINANCIAL
94%
MANDATORY
NEEDS REVIEW
Maintain minimum cash balance ≥ €2,500,000
Tested monthly against attested measurements until the escrow is released.
SPA_execution_v4.pdf · §7.2(b) · p. 41 · VERBATIM
The Purchaser shall procure that the Group maintains, at all times prior to the Escrow Release Date, an aggregate cash balance of not less than EUR 2,500,000.
Fictional deal: Project Meridian. Try Approve, Edit or Reject.
Reads the documents your deal already has
- Share purchase agreements
- Disclosure schedules
- TSAs
- IP annexes
- Side letters
- PDF · DOCX
What Telovant does
Three jobs after closing, in one workspace
From the first upload to the last covenant test, the AI shows its sources and a person makes the decision. Pick a job to see how it works.
Approve, correct or reject each extracted item
Every item lands in a review queue with its source passage and confidence score. Nothing is monitored until someone commits it. Approved items go into one register for all documents.
- Items under 70% are checked again by a stronger model.
- Approve all high-confidence items at once, or go one by one.
- Filter the register by category and by mandatory or recommended.
Review queue · Project Meridian4 of 12 shown
| OBL-0041 | Minimum cash ≥ €2.5M | 94% | NEEDS REVIEW |
| OBL-0043 | Monthly accounts within 20 days | 91% | NEEDS REVIEW |
| OBL-0048 | Appoint IP escrow agent | 61% | NEEDS REVIEW |
| OBL-0050 | No dividends before escrow release | 88% | NEEDS REVIEW |
Fictional deal. Try the two buttons.
See early when a goal falls behind
Enter a baseline, milestones and a target. Telovant calculates the expected value for every date in between, so each new figure shows straight away whether the goal is on track or at risk. Covenant tests check every new measurement against their threshold.
- Measurements are signed off by a named person and never overwritten.
- The status rolls up from a single goal to the whole portfolio.
G-0007 · Net cash of €4.0M or moreAT RISK
Reading for 2026-07-31: €2.98M, expected €3.08M −3.3%
Project Meridian · OverviewAs of 2026-08-05
OBLIGATIONS42
COVENANTS PASSING6/6
NEXT DEADLINE19 d
OPEN FINDINGS3
Fictional deal.
Find conflicts, and approve every waiver twice
Telovant compares the documents in each workstream and quotes both passages word for word. You decide which version applies. A waiver is approved at two levels by two different people, and the person who proposed it can't approve it.
- Every decision is recorded and can be reversed.
- The server checks the approvers every time.
XD-0009 · Non-compete period differsCONFLICT
A · SPA_execution_v4.pdf · §11.4(a) · p. 52
“The Seller shall not, for a period of 24 months from Completion, carry on any business which competes with the Business.”B · Side_Letter_02.pdf · §3 · p. 2
“The restriction in clause 11.4(a) of the SPA shall apply for a period of 36 months from Completion.”WV-0007 · Waive the Q3 2026 minimum cash testWAITING FOR L2
- ✓Proposed by a.devries, deal lead2026-08-04 09:12
- ✓L1 approved by m.osei2026-08-04 14:30
- 2L2 approval needednot a.devries or m.osei
Fictional deal. Try Use A or Use B.
Data sources
New figures arrive from the systems that already have them
Covenant tests and goals need fresh figures every month. Telovant takes them in from your existing systems and tests each one against its threshold the moment it arrives. You choose per obligation whether a figure is applied directly or waits for review.
-
API
Your treasury, ERP or reporting system pushes a figure to the obligation's own address, signed with a key you can rotate.
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Email
Forward the monthly accounts or a CSV export to the deal's address. Telovant reads the document or the mapped column. Mail from a sender that is not on the list is held in quarantine.
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Entered by hand
A named person enters the figure and signs it off. Useful for one-off certificates and board minutes.
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Read a figure from a web page NOT YET
Point Telovant at a published page, such as a reference rate or an index, and it reads the figure on a schedule.
-
Download a file from a URL NOT YET
Telovant fetches a CSV, XLSX or PDF from a fixed address, for example a data room export, and reads the mapped figure.
Arrivals · OBL-0041 minimum cashThreshold ≥ €2,500,000
EMAIL€2,710,000APPLIED · PASS
API€2,645,000REVIEW FIRST
EMAIL€3,100,000QUARANTINED
HAND€2,710,000ATTESTED
APPLY DIRECTLYThe figure is within the tolerance you set for this source. The test runs straight away.
REVIEW FIRSTThe figure waits until a person accepts it. Nothing is overwritten.
Fictional deal. Every arrival is kept, including the ones that were rejected.
Reliability and security
Why you can rely on what Telovant reports
Deal documents are confidential and the numbers carry consequences. Every figure can be traced, and every decision has a name and a date.
- WhereGoogle Cloud. We can host in a specific region, such as the EU, when you need it.
- WhoOnly people your admins invite can sign in. Approvals and admin actions need a second factor.
- EncryptionTLS in transit, AES-256 at rest.
- AI modelsYour documents don't train AI models.
- ContractDPA and subprocessor list before any upload.
Every item shows its source
Each extracted value links to the file, section, page and exact passage.
Nothing is monitored without approval
Extracted items wait in a review queue until a person approves them.
Your corrections are never overwritten
When you change a value, the AI can't replace it. Each field shows whether a person or the AI set it.
The audit log can't be changed
Entries can only be added. Each one carries a hash of the one before, so any change would show.
#1040 waiver.proposed a.devries · hash 9f3a…c21e
#1041 waiver.l1_approved m.osei · prev 9f3a…c21e
#1042 measurement.attested j.keller · prev 2b77…e04f
Who uses it
Built for the people who answer for the deal
Test each new figure the day it arrives
Figures come in by API, by email or by hand. Each one is tested against its covenant threshold or goal path.
Data sourcesGoal tracking
See which document applies, and who decided
Conflicts between the SPA and side letters are quoted side by side. Decisions and waivers are recorded with a name and a date.
Cross-document checksAudit log
Follow every deal from one portfolio view
Goal statuses roll up from objective to workstream and portfolio, so a deal that falls behind shows up early.
PortfolioGoal tracking
The rules Telovant follows
0items monitored before a person approves them
2different people approve every waiver
70%confidence; items below it are checked again by a stronger model
0arrivals deleted, including the rejected and quarantined ones
Back-test pilot
Test Telovant on a deal you already closed
Upload the documents of a closed deal and the reports you received after closing. Telovant replays the deal date by date, using only what your team had on each date, and shows what it would have flagged next to what actually happened.
Nothing is uploaded until the DPA is signed.
Project Kestrel · ReplayClosed 2025-03-31
OBLIGATION
APR 25JULOCTJAN 26
WARNING
TSA exit: IT migrationTSA §5.2 · p. 18
46 dMISSED
Minimum liquidity €3.0MSPA §7.4 · p. 43
24 dWAIVER
Earnout: EBITDA €18.0MSPA Sch. 4 · p. 88
220 dMISSED
Telovant flagWhat actually happened
Fictional deal: Project Kestrel. Warning = days between the first flag and the event.
Early access
Get access to Telovant
The product works today. We give access to new teams one at a time. Tell us about your deals and we will show you Telovant on a realistic deal set in a 30-minute walkthrough.
Opens an email to info@telovant.com with four short questions. We reply within 2 working days.