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The always-on legal assistant you’ve been waiting for
While FICO was successfully helping clients make well-informed decisions, its own internal business decisions—regarding revenue recognition, entitlement management, sales support and SLA processes—were hindered by a lack of consistent, complete visibility into relevant complex contract details.
Attempts to manage a large volume of contracts had led to a variety of disparate systems, including multiple file shares and spreadsheets. With Pramata, FICO’s team can now accurately extract contract data, assure high data quality and proactively provide their teams with clean, complete data and proactive insights they use on a daily basis.
Centralized all contracts and related data
Streamlined core business processes (quarter close, support, etc.)
Enabled account management to identify $2.5M in revenue opportunities in the first year
Significantly streamlined revenue recognition processes
Enhanced legal department effectiveness and scalability
Accelerated post-merger integration
Provided self-service access to contracts to improve decision-making across departments
Revenue recognition, legal, sales support and SLA processes slowed without timely access to key contract details
Multiple file shares and spreadsheets led to a fragmented view of contracts and commercial relationships
Analytics and reporting across critical contract data was unavailable
Highly acquisitive environment left sales team with little visibility and guidance into contractual footprint, commitments and opportunities within common customer base
Centralized and organized contract documents, and extracted < 18 million pieces of data
Provided secure contract data access to 500+ users across eight departments
Organized contracts using external account master data for improved access
Sped up post-merger integration of multiple acquired companies
Strengthened legal risk mitigation, business performance and sales productivity
See the radically simple contract management solution that has been trusted and vetted by some of the largest companies in the world for over 15 years.
1.415.963.3544
1 Sansome Street, Suite 3500
San Francisco, CA 94104
USA
info@pramata.com