Unlocking Hidden Revenue Levers: How Using AI to Optimize Customer Contracts Leads to Increased Margin Upside
by Nimit Mehta, Partner, Bain & Company
Renewal Management
Never miss a renewal again.
Pramata is the only solution that calculates contract renewal dates and puts terms right at your fingertips, so you can stop searching through contracts and stay ahead of every renewal. Monitor active contracts on one simple dashboard. Set email alerts for your sales, finance, legal and procurement teams, so they always know when a contract is up for renewal.
99%+ ACCURACY
Accurate renewals, minus the effort
Pramata’s best-in-class approach takes care of cleansing and organizing your contracts, so you don’t have to worry about wrong or missing data. Even if a contract is amended or renegotiated, you can depend on the renewal details in your contract repository.
TRUE SELF-SERVICE
Empower the teams with self-service renewal insights right in CRM
With Pramata, self-service means everyone across the business can find the contracts they need without asking Legal, and without leaving your CRM. Sales executives and account managers have the ability to answer customer questions instantly and complete renewals without roadblocks.
CUSTOMIZABLE REPORTING
Easily run reports on upcoming contract renewals & expirations
View your list of contracts in order of their end dates and use report filters to keep on top of details like initial start dates, term types, what triggers a term, and the type of renewal. Customize reports for account type, contract type (such as fixed-term contracts vs. auto-renewing contracts), date ranges, products, and other contract details.
Renewal Management with Pramata
Empower sales teams to make renewals customer-centric and profitable.
Proactively understand renewals and opportunities for improving commercial terms.
Understand the terms of your renewals to get the best business outcome every time.
Never miss another vendor contract auto-renewal with the only system that calculates renewal dates for you.
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.
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.
Discover a better way to manage your contracts.
See the radically simple contract management solution that has been trusted and vetted by some of the largest companies in the world for over 17 years.