Today, we have major news to share: Pramata has entered a strategic alliance with professional services leader, Deloitte.
This new partnership gives enterprise clients the ability to leverage Pramata’s simple, generative AI-powered contract management and analytics solution together with Deloitte’s corporate risk, regulatory, and forensic advisory services. The result: full contract data utilization.
It’s a big deal and a huge honor to partner with an esteemed advisory firm such as Deloitte. With Pramata’s help, enterprise organizations will gain increased visibility into their contract data and hierarchies that often span multiple systems and business units.
A partnership designed to connect contracts & improve visibility with contract data
Jessica Anderson, Principal, Deloitte Transactions and Business Analytics LLP, said it best, “What if you had the power to improve the efficiency of your contract-related operations across traditionally siloed teams and gain deeper insights into key revenue levers? With new Generative AI-based solutions, you now have access to that power.”
As the Chief Revenue Office for Pramata, I know firsthand the struggles and challenges businesses face when it comes to driving revenue. I am also keenly aware that way too many business leaders are leaving millions of dollars on the table. The reason? They’re not maximizing the value of their contract data.
Yes, your contract management solutions should provide effective and efficient redlining capabilities, but that’s just the baseline. The real value of your contract lifecycle management (CLM) platform hinges on utilizing contract data.
Here’s why: Your contract data powers contract intelligence, a crucial layer for delivering trustworthy AI-powered critical business outcomes.
It can help minimize revenue leakage. It can vastly improve your compliance and risk management capabilities. Most importantly, your contract data holds the key to unlock hidden revenue opportunities that extend far beyond the legal department.
But to take full advantage of your contract data, you need the power of generative AI and a contract management solution that can tie it all together.
Why Deloitte chose Pramata as their generative AI partner
Pramata has been at the forefront of generative AI implementations within the contract management space. Our CEO, Praful Saklani, was talking about generative AI changing the game for contract management teams over a year ago.
We have designed Pramata’s Generative AI-powered contract management solution to be radically powerful and radically possible, empowering organizations to solve business-critical challenges with enterprise-grade contract AI that actually works.
Our solution has an incredibly quick deployment time that requires minimal IT involvement. Instead of taking months to see a return on investment from your CLM, Pramata makes it easy to start maximizing the value of your contract data from the moment you say, “Go!”
Be sure to read the full announcement: Pramata and Deloitte Help Clients Apply Generative AI to Contract Analytics.
Want to to see how we’re helping savvy legal leaders use generative AI to drive outcomes that go far beyond the legal department? Schedule a quick demo with one of our gen-AI experts. if you’d like