Pramata makes it easy to manage renewals, find and search contracts, request a new contract, and track your deals.
When customers have questions about their contracts, it should be easy for Sales to reference the most current version and provide answers. But that’s rarely the reality. Instead, you spend hours searching for the correct document and reading through it for answers or days waiting for answers from your legal team. Meanwhile, customers wait.
Pramata’s Contract AI Knowledge Engine powers the single source of truth for every contract in your business. With all contracts cleansed, organized and digitized, you can find the correct document within seconds and quickly find accurate answers – not just based on exact key terms but using conversational, natural language to answer your contract questions.
If you’re not using your past contracts to help you get the most out of new deals, you’re missing out on valuable information. Yet, achieving this kind of value from your legacy contracts is a pipe dream if contracts live in a combination of shared drives, email inboxes, someone’s desktop or even a CLM system.
With Pramata’s Contract AI, sales teams can:
This level of insight makes it easy to create consistency and maximize revenue across all customers.
Sales relies on Legal to answer contract questions, create new contracts and make changes to existing contracts, but when this takes too long revenue suffers. Leads go cold and deals languish while you wait on answers or deliverables from Legal. And without transparency into your request, you’ve got no choice but to send follow up emails that further clog up Legal’s pipeline.
Pramata gives Sales and Legal what they each want: Pre-approved and compliant contract templates with self-service capabilities and accessible from your CRM. With Pramata, every member of the sales team has complete visibility into the status of their contracts and a single place to find, search and request new ones.
Missing your window for proactive renewal conversations with customers comes with real costs. You might overlook opportunities for contractually allowed price increases or leave your company open to risk by not taking the chance to adjust non-standard terms.
Pramata makes it simple to get out in front of renewals because every sales team member has a dashboard of renewals tied to their accounts and receives email alerts for upcoming renewals. You can prioritize renewals based on contract value, business segment or time sensitivity. Most importantly, renewal dates are accurate even with complex contract situations like parent companies, M&A and unique term lengths.
Sales teams live in CRM but still need access to contract information. Pramata gives Sales access to accurate contract terms, without ever leaving CRM, with our out-of-the-box integration.
Stop leaving revenue on the table. With a dashboard of all your renewals for all your accounts and email alerts well in advance, Sales teams never miss a renewal or the chance to renegotiate more favorable terms.
Give Sales teams centralized self-service to simple request forms, pre-approved templates and visibility across every deal so you can shorten sales cycles and create more revenue opportunities.
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.
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San Francisco, CA 94104
USA
info@pramata.com