PRAMATA FOR FINANCE TEAMS

Capture every opportunity for cost-savings and find more revenue

Pramata allows you to understand and manage your financial commitments with a clear view into all your contract-based costs and revenue commitments.

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Common Finance Pain Points

  • challenge

Revenue Leakage and Unrealized Revenue Impact Profitability

Finance teams struggle to ensure money is being spent wisely and all possible revenue is being captured. Your company’s contracts hold the key to solving both issues, but not if they’re disorganized and spread across various locations.  

  • SOLUTION

With every contract organized and accessible within Pramata, Finance teams can do the (previously) impossible:

  • Find overlapping vendors and services
  • Spot contracts that entitle the company to price increases
  • Compare invoices with revenue actually collected
  • Compare customer purchase commitments to actual spend
  • and much more

  • challenge

M&A and Divestitures are Complex, Slow and Risky

Mergers and divestitures can drag on for months or even years, which brings about business issues like operational delays, missed revenue opportunities and compliance risk.

  • SOLUTION

Pramata’s platform transforms the traditional M&A process into a simple and smooth experience through a suite of tools leveraging our enterprise-grade Contract AI. Using Pramata, organizations can stand up deal rooms, assign and terminate contracts, find vendor and customer overlap, identify non-standard terms in every contract and much more – all with just a few clicks.

  • challenge

Inability to Identify and Manage Compliance and Non-Standard Language in Contracts

Combing through thousands of pages of contracts to locate sections affected by ever-changing regulations is time consuming at best and impossible at worst. The same is true for finding and addressing non-standard contract language that leaves the company open to financial risk.

  • SOLUTION

Pramata’s enterprise-grade Contract AI allows finance teams to quickly scan all contracts to identify those impacted by changes to regulations and other areas of exposure. Once identified, it’s easy to generate and share reports, draft amendments to address non-compliance and even update contract templates with your preferred language. 

Why Finance Teams Love Pramata

fast contract icon

Centralized contract visibility

With your contracts organized in a centralized digital repository, time-consuming searches are a thing of the past. Instead, you have the ability to get answers to your finance-related contract questions, in seconds.

Stop Revenue Leakage

Organized, searchable and most importantly, accurate contract data at your fingertips means it’s easy to spot duplicate vendors, overpayments, or penalties you shouldn’t be paying (and so much more!).

Capture More Revenue

Your contracts may entitle your business to more revenue than you’re getting. Pramata makes it easy to quickly find contracts with annual price uplifts, unrealized vendor discounts, uncaptured SLA penalties and more.

“We can now check whether a customer’s annual purchase commitment is on track to be met by the end of the year. This alone has enabled the company to recapture millions of dollars in revenue.”
VP, Accounting & Controllership
VP, Accounting & Controllership
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On the Blog...

What OpenAI’s DocuGPT Means for Contracts

When OpenAI unveiled DocuGPT, an agent they use to convert contracts into structured, searchable data, the impact was immediate. The announcement shook the market and sparked conversations about whether OpenAI could emerge as a direct competitor in agreement management.

Read More »

When Contract Data Doesn’t Match Reality: The AI Breakthrough

Pramata’s Chief Solutions Architect, Tom Guhin, explores the disconnect between contract terms and operational reality that’s plaguing organizations across industries. Based on talks with clients, he shows how new AI tools are fixing the messy manual work that makes renewals and billing validation so hard for finance and sales teams.

Read More »

Discover a better way to manage your contracts.

 See the radically simple contract management solution that has been trusted by our customers for over 17 years.

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