Contracts Intelligence and Information Technology
Gain Visibility Into Complex Relationships & Pricing Structures
Underlying many challenges faced by IT companies is a complicated labyrinth of Master Agreements, Orders, Statements of Work, and Change Orders that define your relationships with customers. Created by a convergence of highly complex and fluid pricing structures, increasing regulatory requirements and a unique business cycle, these agreements place distinctive pressures on IT Companies. Facing an intense quarter-end close period, high DSO (Days Sales Outstanding) and revenue recognition challenges, executives are often left scrambling for critical information – information that is currently locked inside their agreements.
Finally, Understand Multifaceted Relationships
To understand even one aspect of their contractual relationships with their customers, IT companies often must manually piece together these details from multiple documents to create snapshots that become outdated within weeks. Not only is this process inefficient, it stifles decision-making and leaves companies exposed to the risks of inaccuracies: lost revenue, costly restatements, and damaged reputation.
Pramata Contracts Intelligence On-Demand synthesizes these the multiple components of your relationships to produce the detailed intelligence from your contracts you need to leverage and protect your relationships.
Untangle Complex Pricing Structures
Decoding and tracking constantly shifting pricing structures through Master Agreements and multiple orders and amendments is a time consuming and potentially error-prone task. Pramata Contracts Intelligence On-Demand provides your company with a synthesized view of your currently contracted pricing, allowing you to focus on analysis rather than on hunting for information.
Stop Scrambling for Information at Quarter End
Arm your teams with the most up-to-date and accurate contractual information in preparation for a deluge of documents at quarter-end. On-demand access to this information and robust reporting capabilities assure timely revenue recognition and more effective quarter-end financial processes.
Quickly Gain Control of and Integrate Acquisitions
Pramata Contracts Intelligence On-Demand transforms a daunting backlog of thousands of acquired contracts into actionable insight in as little as 90 days. With this critical intelligence at your fingertips, you can focus on capturing projected revenue synergies and pinpointing risk to accelerate delivery of shareholder value.
Uncover New Revenue Opportunities
Identify up-sell opportunities, track license compliance, and analyze the "whitespace" of customers obtained through M&A with a complete view of the details of customer agreements.
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