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The always-on legal assistant you’ve been waiting for
Novelis, an $11 billion global manufacturing company, recognized a need for centralized contract access and greater visibility into key contract terms and obligations. The company’s legal leadership sought a solution that would eliminate silos of contract management—setting the stage not only for essential compliance and risk management initiatives, but also for ongoing strategic decision support.
Improved internal controls and compliance
Improved confidence in revenue recognition process
Accurate visibility into key contract terms, helping to increase negotiation leverage
Improved payment terms for increased net working capital
Centralized access and visibility across all contracts
Decentralized and non-standardized approach to customer and supplier contracts
No central visibility into contractual obligations and pricing
Contract silos negatively affected deal negotiations and created unmanaged potential risk
Fragmented, inconsistent legal review of sales and procurement agreements
Centralized all supplier and customer contracts from all four global regions into a single contract repository
Identified key contractual terms, obligations, and dates and extracted hundreds of pieces of data from each contract
Normalized key legal and finance provisions and applied scoring algorithms to perform apples-to-apples risk analysis across the company’s relationships
Improved legal and finance team collaboration ensures consistent, standardized terms for pricing, volume and liability
Access to clean, accurate data strengthens internal controls and secures regional office compliance
Increased negotiation leverage for commercial teams results in more profitable relationships
Accelerated migration from GAAP to IFRS accounting principles, and laid long-term framework for revenue recognition compliance and flexibility
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