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AI-Driven Contract Repository
Meet the most intuitive AI-driven repository in the industry
Let the Pramata platform do the hard work for you. Leveraging our powerful Contract AI, Pramata organizes your contracts, extracts key insights and gives you a clean, centralized and searchable source of truth, without all the work. The result: a best-in-class digital contract repository that puts AI-driven contract insights across every contract instantly within your reach.
CENTRALIZED CONTRACT VISIBILITY & STORAGE
A smart, powerful AI-driven repository
The Pramata contract repository is your organization’s secret weapon. Building upon our Contract AI Knowledge Engine, Pramata gives you unparalleled contract visibility. Boasting one of the most intuitively organized repositories in the industry. Whether legacy, new, buy-side or sell-side—knowing you can find any contract (and its details!) in seconds—is a quick win everyone can get behind.
- Configure access to provide secure, role-based self-service across the business
- Get automatically organized contracts by counterparty and linked based on affiliations and M&A
- Intuitive contract hierarchies help you quickly understand how your contracts relate to each other
- Data is automatically updated so you always know what is in effect, based on the contractual order of precedence
OBLIGATION MANAGEMENT
Contract data you can actually rely on
Legal teams (and beyond!) need contract data that adds immediate, measurable value. Pramata has you covered. We’ve spent 17+ years perfecting our proprietary Data Model to seamlessly fuel reporting, search and more. And we do the heavy lifting to make sure your data is updated daily as new contracts are signed, renewal dates change or new terms are added.
- Includes 40+ of the most useful terms right out-of-the-box, such as assignment, price increase, LOL, and effective date
- Unstructured or inconsistent contract clauses, like Effective Date, are “normalized” to ensure they are correctly interpreted
- Digital Snapshots give you the ability to hover over any contract data in the system to see the exact contract language or click-through to the PDF
- The Contract Data Editor gives you a simple way to add custom fields and track terms that are important to your company, while taking advantage of our best-in-class data architecture
Prioritize security without sacrificing usability
Admins can easily add new users, control user permissions, and view an audit trail of activity—all in an intuitive and straightforward way.
- Integrate into most common single sign on (SSO) systems
- Easily add and remove users
- View user-level usage trail history
- Set user security role-access by types of contracts, regions, contract types and more
- Restrict user access to specific modules and control which users have read-only versus edit access
GLOBAL SEARCH
Find contracts in seconds
Answer contract questions fast. With Pramata’s full-text Global Search you can easily find where certain phrases or clauses appear. And because we continually keep your contract details up-to-date, your results won’t be cluttered with inactive contracts, outdated amendments, and other irrelevant results.
- Look for phrases or clauses with powerful full-text search capabilities across all up-to-date contract details
- Filter out irrelevant search results by using contract metadata like contract status, counterparty, effective date, buy-side / sell-side, and more
- Easily export precise search results and link to contracts (for deeper dives!), so you can give answers to the business in seconds
REPORTING + ANALYTICS
Generate actionable contract insights
When do our contracts renew? Where do we have non-standard terms? Use powerful ad-hoc reporting to get valuable insights quickly to keep the business informed. Pramata allows you to track obligations, optimize renewals, identify trends, and make data-driven decisions with intuitive reporting capabilities.
- Easily customize, save, and export reports using filters, specific data columns and more
- Visualize your contract insights with a customizable dashboard across all contracts to identify month-over-month trends like contracting volumes by contract type
- Monitor contracting patterns to understand when organizational demand is high or low and better manage resource allocation
- Report by either the presence of a concept as well as the non-presence of a concept to see which contracts are missing critical terms
- Convert any report into visually appealing charts or graphs and save them for quick retrieval and analysis
- Easily share with internal teams via the platform or Excel
- Schedule reports to be sent to your inbox on a pre-determined frequency
RENEWALS & ALERTS
Stop missing renewals. For good.
Pramata has the industry’s most accurate renewal algorithms. Renewal dates are surprisingly difficult to calculate (or not as surprising, if you’ve ever tried to manually keep them updated!). Perfecting our formula over the years, we use a combination of contract status, effective date, contract term, renewal type, notification date, and more, all with 99%+ accuracy. When we say “Never miss a renewal,” we mean it!
- Monitor active contracts and renewals from one simple dashboard
- Set and customize automatic alerts to notify users of upcoming important dates (even in plenty of time before the notification periods!)
- Data is updated daily as new contracts are signed and renewal dates occur, so your reports and alerts are never outdated.
AI-Driven Chat & Experiences
CHAT WITH YOUR CONTRACTS
Ask real-time questions across every contract and stop the endless searching
Stop searching through contracts one by one! Chat directly with your contracts using our cutting-edge AI to instantly understand key clauses and obligations.
Ask simple questions in plain language like “Does this customer have the right to terminate this agreement for convenience?” or write out more complicated requests like “Can you create a generic MSA template based on this Master Services Agreement I recently signed?” and get useful, real-time answers—even across multiple related documents.
SUMMARIZE KEY PROVISIONS
Understand entire contract relationships in one click
With one click, get actionable insights across your entire contract portfolio. The Summarize Key Provisions experience instantly analyzes your complete contract history, including all amendments, to deliver a comprehensive summary of critical contract details:
- Instantly get a summary of the key provisions across the entire contract history for a counterparty, including all MSAs, orders, and any amendments.
- Ask follow-up questions in natural language about any provision using our GenAI Assistant
- Customize your analysis priorities in our AI Design Studio to focus on provisions that matter most to your business.
SUMMARIZE PRODUCTS & PRICING
Track your complete commercial relationship at a glance
Stop manually tracking down and searching through pages of contracts and orders. With the Summarize Products & Pricing Experience, you get instant visibility into your product portfolio and pricing structures across all contracts with any counterparty.
- Track every transaction detail from underlying ordering documents and/or contract exhibits/schedules, products purchased or sold, quantities, amounts and pricing
- See special terms, conditions and pricing variations across your entire business relationship
- Customize your analysis in AI Design Studio to focus on the product and pricing metrics that drive your business
ACCOUNT REVIEW MEMO
Get cross-functional teams aligned fast
In an ideal world, everyone would know all the contractual details of each relationship. In the real world, especially for long-time customers or vendors, you often have to read through each contract to understand the current state, not to mention everyone may have their “own” version. With the Account Review Memo experience, you’ll get a concise yet comprehensive MS Word memo summarizing all contracts associated with an account to align cross-functional teams.
- Get a unified view of all agreements, terms, and relationship history in one concise document
- Compare current terms against your organizational standards to identify negotiation opportunities during renewals
- Accelerate decision-making with customizable one-page executive summaries
- Enable confident strategic planning with consistent, accurate relationship insights
DRAFT AMENDMENT
End the grind of drafting contracts from scratch
Highly skilled attorneys don’t need to spend their time drafting repetitive contract language. Our AI-powered Amendment Generator creates a virtual “living template” for each business relationship, understanding the complete history of how you’ve contracted with every counterparty. Get expertly structured amendments that automatically align with each relationship’s unique contracting patterns and preferences to drastically reduce manual efforts, accelerate cycles, and keep contracts in compliance.
- Generate intelligent amendments that automatically align with existing contract structure and numbering for that customer/vendor
- Create drafts that reference and integrate with all prior amendments and master agreements
- Incorporate your playbook’s preferred language, fallback provisions, and negotiation standards
- Chat interactively with our AI to refine and customize any section of the generated draft
- Accelerate drafting while maintaining consistency across your contract portfolio