The world is still reeling from the recent CrowdStrike outage, which brought entire industries around the world, from airlines to healthcare, to a grinding halt on July 19, 2024. Unlike previous headline-making cyber-events, this wasn’t an attack. It was merely a glitch in what should have been a routine software update the vendor automatically rolled out to customers worldwide.
Forget everything you think you know about contract lifecycle management (CLM) software. Pramata is the radically simple, radically different and radically powerful alternative to other CLMs.
It might sound counterintuitive, but one of the biggest driving factors for technological innovation is to make the world a better place for humans. After all, if we give technology the most time-consuming, the most difficult, the most boring and the most tedious parts of any task, we’re giving the humans involved more time and capacity back to do the parts of the job only they can do.
Learn how the right CLM, like Pramata, can not only simplify contract management today, but dramatically reduce the time, money and effort it takes to manage your contracts’ compliance in the future.
Contracts play a major role in the M&A process, starting with the buying company’s due diligence all the way through identifying overlapping customers and vendors, standardizing master agreements across the old and new companies and much more.
Effective contract management is crucial for legal teams to ensure smooth and efficient operations. By tracking key performance indicators (KPIs), legal teams can gain valuable insights into the health of their contracting process.
When you think of a General Counsel’s job description, you don’t expect it to include spending hours each week searching for contracts and answering emails with questions like, “Where’s this contract? Which document is the most recent version? Which customer does this amendment belong to?” – and similar. Neither did Thien Dinh, yet that’s exactly what his job entailed when he joined MetricStream as its GC 2019.
If you’ve invested time, energy, money, and maybe even some blood, sweat and tears into setting up the contract lifecycle management (CLM) system you’ve got today, the thought of switching can be scary.
The MIM Software legal team, led by GC Alex Jorgensen began its quest for a contract modernization around 2020, and at first Google Drive seemed like a good way to go. After two years of muddling through this method, Alex was once again looking for a better solution to MIM’s contract management challenges. That’s when Alex heard about Pramata.
Pramata CEO Praful Saklani explains why clean contract data is a critical component of effective generative AI implementations and shares his thoughts on how the groundbreaking technology is changing the game for legal professionals.
When Catholic Health faced a significant price jump with the contract management system it had been using since 2006, the search for a new solution began. End users at the company were ready for a modern contract management solution, but worried about the complicated process and down time required to migrate the contracts from their legacy CLM system.
John will be focused on ensuring Pramata customers maximize their use of our platform, cementing their partnership with our company and our value as the radically simple contract management solution.
Picture this: You’re the new GC at a company without a large supporting legal team. You walk in the door, into a role in which you’re expected to manage vendor contracts, customer contracts, employee contracts, and contracts governing business relationships and partnerships.
In part three of our blog series covering Forrester Consulting’s study commissioned on behalf of Pramata, we dig into the opportunities available to contract management teams that realize the full strategic value of their CLM solution and are able to maximize their contract management technology investments.
The CLM landscape has hit an inflection point as contract management solutions have become cost prohibitive, taking too long to deploy and then failing to deliver once they are up and running.
Service level agreements are a necessary part of business, and if you’re working as general counsel, chances are you encounter them on a regular basis.
Learn how contract management software can reduce contract value leakage and discover revenue that may be slipping away.
M&As can introduce more complexity across your contract commitments. Learn how software can help your team organize and integrate M&A contracts quickly.
Focus on these contract renewal improvements to drive the greatest impact on your renewal process.
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