Delivering Customers Value with Contracts Intelligence
Pramata delivers Contracts Intelligence On-Demand to Global 2000 customers representing a variety of industries including Pharmaceutical, Life Sciences, High Tech, Telecom, and Manufacturing. Because Contracts Intelligence delivers value throughout their company, customers use our solution to support a variety of functions, including revenue recognition, risk management, sales, operations, customer service, and legal.
See how some of our customers are gaining business value with Pramata Contracts Intelligence On-Demand:
FICO
FICO, a leader in decision management software, has partnered with Pramata for over three years to gain Contracts Intelligence across more than 40,000 complex software license agreements. FICO is using the Pramata Contracts Intelligence On-Demand to decode complex pricing and optimize revenue by capturing all contract renewals and ensuring customer compliance with licenses.
Global Pharmaceutical Company
A $3.5 billion pharmaceutical company is currently using Pramata Contracts Intelligence On-Demand to support its Medicaid Best Price compliance processes. Potential damage to brand image and costly penalties associated with noncompliance demand the accurate and reportable contracts intelligence that Pramata provides. Because of Pramata's ongoing analysis of their complex price protection clauses and frequently changing contracts, our customer is confident that their pricing is always up-to-date and ready for quarter end calculation of net effective price and reconciliation.
CenturyLink
CenturyLink, a Fortune 500 telecommunications company, is leveraging Pramata Contracts Intelligence across more than 45,000 documents to support compliance with complex government and commercial contracts. Many of the more than 400 users proactively identify potential contractual risk and have on-demand access to critical institutional knowledge during the integration of CenturyTel and Embarq.
Lockton, Inc.
Lockton, Inc., a large, privately held insurance brokerage company is employing Pramata's document creation wizard and workflow processes to manage risk by ensuring that its highly complex revenue-generating contracts comply with changing governmental regulations. Over 550 users spread throughout the United States create thousands of contracts and track approvals on the Pramata platform. In addition to reducing regulatory risk, the ability to pre-approve clauses has decreased the burden on the legal department, allowing them to focus on more strategic tasks.
Global Business Information Company
A $12 billion Fortune 500 business information company is using Pramata Contracts Intelligence On-Demand to integrate multiple acquisitions. Our customer is able to optimize revenue by running whitespace analyses to cross-sell products and ensure all acquired revenue renewals are captured. Pramata's ability to enter new agreements within 48 hours helps users mobilize projects more efficiently following deal closings.
Novelis, Inc.
The CEO of a $10 billion manufacturing company is using Pramata Contracts Intelligence to enable on-demand visibility into all commercial agreements to drive a global standardization and centralization effort. Using Contracts Intelligence, the accounting department is better able to transition to IFRS accounting principles by pinpointing agreements that require detailed analysis, and the risk management team can now immediately identify potential risk in their agreements.
New York Blood Center
New York Blood Center has leveraged Pramata Contracts Intelligence On-Demand to gain control over complex pricing in their sales agreements. With immediate visibility into current pricing structures, they are able to provide enhanced customer service. Because accurate and normalized intelligence underlies critical expiration and renewal alerts, New York Blood Center has not missed a renewal since implementing Pramata.
Multi-Hospital Health System
A multi-hospital health system is leveraging Pramata Contracts Intelligence around Managed Care Agreements and Physician Contracts. The health system is working to enhance revenue capture by increasing and accelerating the number of original clean claims, and reducing the number of denials. Additionally, on-demand access to detailed information from physician agreements helps support complex and time consuming regulatory compliance.