Unlock the Power of Pramata’s Contract AI Knowledge Engine
Revolutionizing contract management through AI that actually works! Pramata is helping leading organizations transform contracts into organized, powerful knowledge to solve business-critical challenges across the entire company.
POWERFUL. INTUITIVE. INTELLIGENT.
Welcome to enterprise-grade Contract AI that actually works.
The era of manual contract management is over. But “AI-powered” CLM systems are failing to deliver results.
Why? They’re still highly manual and require extensive human intervention to “get it right.” While generative AI has massively accelerated what’s possible. There is still no “magic AI button,” which many CLM systems demonstrate with their struggle to handle third party paper and amended terms, while delivering poor data quality, subpar reporting and analysis and missing legacy contracts.
Pramata is a different approach—one that transforms overwhelming into effortless. We’re designed with the entire business in mind. Our platform leverages robust AI technologies, from generative to traditional, to extract actionable insights—with 99% accuracy. The collaborative contract intelligence of our human-in-the-loop AI model creates a seamless user experience. Pramata empowers businesses to drive greater profitability and reduced risk.
Welcome to Contract AI, reimagined.
The Pramata Difference:
Impactful Technology, Proven Results
With nearly 10 million contracts digitized and 19+ years perfecting our technology for use specifically with contracts, we understand the “garbage in-garbage out” problem plaguing most of today’s AI. If you want Contract AI that actually works, you have to start with Pramata’s Contract AI Knowledge Engine. This powerful technology drives everything else Pramata does, starting with cleansed contract files, organized contract families and tagged contract clauses. From there, you can use the contract data once locked inside thousands of documents to drive real business impact – from cost savings to maximizing revenue, vendor management, M&A, and more.
10 MILLION
contracts digitized
1 BILLION
data points extracted
99%
data accuracy
Get to know our Contract AI Knowledge Engine
CLEANSED CONTRACT FILES
Delivers a clean, digital version of every document.
All you need to do is upload your files (Yes, it’s that simple).
You hit the upload button: Pramata does the rest. Whether a few hundred or hundreds of thousands, migrating and cleaning up contracts from legacy systems and shared drives doesn’t have to be the stuff of nightmares. With Pramata’s Contract AI Knowledge Engine, you don’t have to spend a minute removing duplicates, labeling files, tagging metadata, or removing non-contract documents from the mix. We got you covered.
Why are cleansed contract files so critical?
Our experience shows that 1 in 5 legacy contracts have an issue, ranging from minor formatting to major concerns like a missing signature. Without this vital cleansing step, you’re left either with a large, burdensome, manual job to clean up your legacy contracts by hand, a CLM that’s less than useful, and AI hallucinations thanks to dirty data.
Document transfer
Multiple, secure transfer options for every client need from document storage systems, CLMs, e-Signature platforms, CRM, CPQ, P2P systems and more
Historical document transfer: web-based portal, SFTP or API
New document transfer: eSignature or API integration
Document cleansing
Duplicate document detection
Out of scope document detection
Auto conversion of files to PDF
OCR conversion of every contract image to text
Auto merge and split files
Auto page rotation
Document Scoping
Extracted metadata separates contracts from non-contract files and drafts from signed contracts
Easily prioritize specific contract types or counterparties
Contract AI marks documents as in or out of scope to save costs
Document exception detection
Password-protected file detection
Auto file decryption
Missing signature and page detection
Foreign language detection
Missing document identification
Human-in-the-loop:
Our experts verify and inspect our Contract AI’s accuracy for documents identified as anomalies. This includes missing signatures, missing pages, or duplications. If files cannot be processed at all by AI, say, for example due to poor quality, our experts ensure they are cleansed through a series of guided steps.
Optical Character Recognition
Pramata’s sophisticated OCR extracts text from images, PDFs, and other non-text documents. Ensuring every contract in your repository is digitized and searchable. Which enables our AI-based data extraction and fuels reports, analytics, and insights.
ORGANIZED CONTRACT FAMILIES
Establishes a complete set of documents for every relationship.
If you’re relying on your contract repository as a genuine “source of truth” it’s not enough to just include contracts on a go-forward basis. You need access to the entire commercial relationship for each counterparty. This often means hours of manual organization, like determining order of precedence and the history of change, before you can realize any value from your repository.
Not with Pramata! We ensure our customers have a complete document family, for each counterparty, with all contractual documents organized into a logical hierarchy – without the manual effort!
Document & Account normalization and mapping
Extraction of entity from filename
Extraction of entity(ies) from document
Account name deduplication
Mapping extracted entities to a normalized Account Master
Document history creation for each Account
Extraction of Document Title, Type, Effective Date and Parent Contract Reference
Document Hierarchy creation
Logical data validation
HUMAN-IN-THE-LOOP:
Our lawyers and data experts verify and inspect our Contract AI’s accuracy for documents or accounts identified as anomalies, like extracted terms, account consolidation requirements, failed OCR, incomplete document hierarchy or account mapping gaps. They then correct these issues, so you don’t have to.
Contract AI Is No Slam Dunk
Most people underestimate how hard it is to extract accurate, actionable and useful data from unstructured contracts.
EXTRACTED CONTRACT TERMS
Transforms hidden, unstructured data into a structured, usable format—with proven 99% accuracy.
If the contract management platform you depend on daily (for key obligations, dates, renewal details) isn’t accurate, or usable, it’s highly unlikely your teams will adopt it. That’s why over the last 19+ years we have perfected our contract data extraction—to ensure our customers get the highest quality and accuracy in the industry.
Smart contract model
Best-in-class models can appropriately tag all clause variations in a document
Models automatically check every document against predefined fields including Legal, Operational, and Financial Terms.
Derives accurate renewal dates and auto-advances based on a variety of contract term parameters
Models are based on variations seen across 10 million contracts from multiple industries
Improvements are incorporated into our models on a monthly basis
Automatic data accuracy checks
Amendment management
Parent/Child Algorithm
Logical data validation
Normalization algorithm
HUMAN-IN-THE-LOOP:
Our experts are always improving our Contract AI for accuracy and usefulness. Backed by our 99%+ data accuracy, our team runs ongoing quality checks and exception handling.
The Pramata Difference
We’ve figured it out so you don’t have to.
With Pramata, you get sophisticated Contract AI technology (that actually works!), plus the edge that only true domain experts and lawyers can bring. Most importantly, this isn’t a one time project. We keep your contract data up-to-date daily as new contracts are signed, terms are amended and contracts are renewed.