The MIM Software legal team, led by GC Alex Jorgensen began its quest for a contract modernization around 2020, and at first Google Drive seemed like a good way to go. After two years of muddling through this method, Alex was once again looking for a better solution to MIM’s contract management challenges. That’s when Alex heard about Pramata.
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.
Remove the friction around contracts
Reduce admin work for the finance team with self-service access to contracts, key terms and renewal alerts. With contracts right at your fingertips, finance teams can provide lightning-fast resolutions to billing questions and work faster and easier than ever before.
Master your financial contract terms
If you don’t know your contracts’ terms you could be missing opportunities for price uplifts or getting stuck with subscriptions you no longer need. Finance teams use Pramata to analyze their contracts to ensure they aren’t wasting money or overlooking revenue opportunities.
React to changing times in real-time
Mastering your contracts’ terms means you can react in real-time to changing conditions, like in a downturn or pandemic. With Pramata, you can easily run reports across all contracts and provide instant answers to executives’ requests to find risks living in your contract terms.
Maximize your teams capabilities
Gain insights and access metrics on your team’s performance. Monitor and reallocate workloads, measure turnaround times, and track performance without the burden of manual time tracking on your team.
Why Finance Teams Love Pramata
Centralized contract visibility
With your contracts organized in a centralized digital repository, time-consuming searches for key terms are a thing of the past. Instead, you have the ability to get answers to your contract questions, in seconds.
We’re the only partner who does the heavy lifting for you, in one transparent subscription. Drastically speeding up time-to-value. While providing cost certainty and scalability as your company grows.
Never miss a renewal or expiration
Pramata makes sure you always know when every contract renews. Be prepared for every renewal with automated alerts. Easily create an accurate report of of upcoming customer and vendor renewals, plus associated terms and historical pricing.
On the Blog...
Pramata CEO Praful Saklani explains why clean contract data is a critical component of effective generative AI implementations and shares his thoughts on how the groundbreaking technology is changing the game for legal professionals.
A surprising number of tech implementations fail. Whatever the reason, it’s rare for customers to report a truly positive and uneventful implementation experience. Rare, that is, unless you have the Pramata platform. Nick Schultz, Pramata Customer Success Manager shares 5 ways Pramata makes it radically simple to get up and running fast!
Discover a better way to manage your contracts.
See the radically simple contract management solution that has been trusted by our customers for over 15 years.