GEN AI EXPERIENCES
The power of GenAI at your fingertips
Pramata’s intuitive GenAI Experiences are uniquely designed specifically for use with our proprietary Contract AI Knowledge Engine. Our out-of-the-box GenAI Experiences can summarize entire contract relationships, build account memos, auto-redline, draft documents and more! Or customize the experiences to your business using our AI Design Studio.
REdlining and Negotiating
Automate redlining right in MS Word
Transform negotiations and redlining with our AI-powered MS Word add-in. Analyze contracts against your playbooks and—unique to Pramata—automatically compare new contracts against your negotiation history to ensure alignment with previously agreed terms. Our intelligent auto-redlining capabilities speeds up contract review, empowers teams beyond Legal to confidently participate in negotiations while reducing review time and resources.
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.
Prompt Engineering
Generative AI and Large Language Model (LLM) based applications like ChatGPT are accelerating work in all industries, including legal tech. Generative AI programs rely on prompts: the inputs from users to generate what it predicts is the desired output. Sometimes the output is not quite right and it’s not because of a deficiency in the program, but rather in the prompt given. This is why prompt engineering is a critical component to ensuring the right outcomes from generative AI.
At Pramata, we have a GenAI Experience Builder that contains a suite of built-in, pre-engineered prompts to make sure your GenAI Experience is more reliable and the output is accurate.
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 Drafting Assistant 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
