“It Makes Sense Now” How Veloxis’s legal team transformed the business user experience by choosing Pramata for full contract lifecycle management
Industry
Biotechnology Research
Key Results:
- 50% reduction in time spent submitting contract requests
- 50% reduction in email traffic volume to contract manager
- Reduced contract manager time spent on status updates from 8 hours per week to minimal daily interactions
- Streamlined contract request workflows from complex, multi-step processes to 1-2 clicks
“The two main reasons why I would tell someone to pick Pramata are its flexibility and scalability—it works for a small company or a very large company without a whole lot of customization needed on either end. And second, is that the effort needed to implement it is so incredibly low compared to other CLMs.”
Adam Mallon
Sr. Legal Counsel
Executive Summary
Pharmaceutical company Veloxis transformed its contract management, replacing two challenging legacy systems with Pramata’s intuitive, Enterprise Grade Contract AI platform. The implementation delivered immediate results including 50% reduction in contract request time, 50% reduction in email traffic for contract managers, and overwhelmingly positive user feedback across all departments.
Challenges:
- Two separate legacy CLM systems with poor user adoption and reliability issues
- Contract manager spending 8 hours per week just on status updates and manual processes
- Manual metadata entry requirements creating implementation bottlenecks
- Need for modern AI capabilities and scalable solution
Solution Benefits:
- Fastest CLM implementation experience in team’s collective experience
- Contract-AI powered OCR and metadata extraction with human-in-the-loop QA, eliminating manual data entry while ensuring 99+% accuracy
- Intuitive user interface driving high adoption across all departments
- Off-the-shelf capabilities requiring minimal technical configuration
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