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.

In-house legal teams need Sales’ buy-in to get the right CLM. Learn how you can work together to achieve your contract management goals in a way that benefits Sales and beyond.

With more than 17+ years of experience taking organizations from contract chaos to contract nirvana, we’ve encountered three common misconceptions about clean contract data.

Clean contract data: It’s the vital first step to achieving anything else you want to get out of a CLM, but three common myths keep people from getting there.

In this three-part series, we bust the most common myths about clean data and explain how Pramata takes the time, expense, and headaches out of getting it. 

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. 

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.

With increased budget scrutiny and CLM initiatives tied to top company goals, the stakes for getting it wrong have increased dramatically. Legal buyers must reframe the “why” behind their purchase, look beyond legal efficiency and adjust their evaluations accordingly.

Generative AI is everywhere these days. And, while some of what you see and hear is hype, the truth is generative AI is here to stay and there are a lot of very real use cases, especially for legal professionals like in-house counsel. 

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.

A surprising number of tech implementations fail. Whatever the reason, it’s rare for customers to report a truly positive and uneventful implementation experience. Rare, that is, unless you have the Pramata platform. Nick Schultz, Pramata Customer Success Manager shares 5 ways Pramata makes it radically simple to get up and running fast!

There’s a lot to learn when it comes to contract management systems, especially if you’re a beginner. When you’re working with contracts, you likely don’t have a lot of time or mental energy to devote to learning a new technology. We understand how complex the world of contract management systems can be. Here, we’re going to break down the basics and provide you with a solid foundation of best contract management practices.

If you work in legal ops, you’ve got your hands full. Likely, more than full. You’re charged with everything from managing budgets and controlling costs to finding and implementing a legal tech stack. You live in a world of processes, workflows, and efficiency improvements. So why don’t traditional CLMs deliver on their promises to make your life easier?

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. 

For lean legal teams and solo general counsel, navigating the contract management system procurement process can be daunting.