Pramata allows you to understand and manage your financial commitments with a clear view into all your contract-based costs and revenue commitments.
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.
With every contract organized and accessible within Pramata, Finance teams can do the (previously) impossible:
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.
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.
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.
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.
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.
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!).
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.
As an AI-powered speech intelligence company, Verbit knows the transformative power of innovative technology. JP Son, Verbit’s Chief Legal Officer, and his legal team were keen on finding a contract management provider who could solve their long-standing pain points with contracts, while demonstrating a clear commitment to incorporating the latest in AI technology to bring value to its clients.
When Managed Health Care Associates (MHA), the largest alternate site group purchasing organization (GPO) in the U.S., faced mounting challenges with their legacy contract workflow system, they knew it was time for a change. While the company had successfully used Pramata for post-signature contract management, its pre-signature workflow tool was causing significant disruptions across the organization. By adding Pramata’s pre-signature functionality and embracing its Generative AI powered solutions, MHA achieved end-to-end efficiencies across every part of the contract lifecycle.
Today’s contract AI solutions will enable modern-day legal teams to focus on big picture strategies and leverage contract data as the business-critical asset it is.
See the radically simple contract management solution that has been trusted by our customers for over 17 years.
1.415.963.3544
1 Sansome Street, Suite 3500
San Francisco, CA 94104
USA
info@pramata.com