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Pramata Reviews & Product Details - Page 3

Pramata Product Details

Pramata's Enterprise Grade Contract AI Platform gives you the power to use AI-driven contract management to simplify and solve business-critical challenges—like quickly getting all contracts into one location, having accurate executive reporting and analysis, and accelerating the contract lifecycle. Pramata stands apart from other CLM tools because of 3 key differences: Intuitively built to solve high ROI legal and business challenges—at scale; 20 years of contract data and AI expertise solving challenging use-cases; and flexible deployment options to quickly upgrade to Contract AI alongside your current CLM system or leverage our full end-to-end solution.

Seller

Pramata

Discussions

Pramata Community

Languages Supported

English

Product Description

Pramata allows businesses to transform customer contract data into fuel for growth.

Overview by

Lauren Ruff

Value at a Glance

Averages based on real user reviews.

Time to Implement

7 months

Perceived Cost

$$$$$

View More Pricing Information

Top-Rated Alternatives

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Pramata Media

Pramata Demo - Account List & Document Family

Quickly navigate to the most up-to-date contracts using the account list view, where documents are organized by customer and displayed in a hierarchical view.

Pramata Demo - Contract Metadata & Amendment History

Open the document family view for any account, and drill into the details of your customer contracts with a single click. View a history of changes made via amendments to any extracted term.

Search through the content of every contract, effortlessly locating key terms, clauses and other essential answers, using full-text, keyword, phrase, wildcard and other advanced searches.

Use powerful ad hoc reporting features to evaluate contracts and documents across all of your accounts.

Pramata Demo - Salesforce/CRM Integration

Navigate to an account’s document family, viewing or downloading the contract data you need to make informed decisions, right in CRM.

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AS

Verified User in Sporting Goods

Enterprise (> 1000 emp.)

3/28/2019

"Pramata is so easy to use!"

5/5

What do you like best about Pramata?

I really like (and rely) on the email reminders – it’s nice to have them pop-up in my email rather than having to go to the Pramata platform to access them. Review collected by and hosted on G2.com.

What do you dislike about Pramata?

While I appreciate that the customer success team has monthly meetings with me, it’s just overkill. They can just send me the PDF and meet as needed. Review collected by and hosted on G2.com.

Recommendations to others considering Pramata:

Pramata is so easy to use and the information they extract is really helpful for running a wide variety of reports! When you get new employees, it’s a very simple platform to train on and for others to use too. Review collected by and hosted on G2.com.

What problems is Pramata solving and how is that benefiting you?

I’ve been here 3 years and during that time Pramata has helped me eliminate internal errors and meet deadlines. Instead of relying on business people to meet deadlines, I’m able to remind them of those deadlines. We’ve saved hard dollars and time. Review collected by and hosted on G2.com.

II

Verified User in Information Technology and Services

Enterprise (> 1000 emp.)

2/20/2019

"Pramata provides NCR with a consolidated view of our digitized contracts."

5/5

What do you like best about Pramata?

Pramata provides NCR with a consolidated view of our digitized contracts and the ability to search key terms very easily. Review collected by and hosted on G2.com.

What do you dislike about Pramata?

From a technology and integration perspective, Pramata’s first gen platform called Navigator had some growing to do. We are on the path to the new platform called Voyager and we’re excited to see the new value it will bring. Review collected by and hosted on G2.com.

Recommendations to others considering Pramata:

From a product/feature perspective, Pramata is superior in the industry for what they deliver. But, do have realistic expectations for the integration of their capabilities on the Navigator platform versus what you may want to do. Review collected by and hosted on G2.com.

What problems is Pramata solving and how is that benefiting you?

Pramata gives us the ability to have a consolidated view into our digitized contracts. Before Pramata, we had contracts on multiple platforms and multiple locations. Now, a broad group of users across many disciplines in NCR has access to this readily available accurate data. Review collected by and hosted on G2.com.

UI

Verified User in Information Technology and Services

Enterprise (> 1000 emp.)

2/27/2019

"Pramata Has A Systematic Approach To Intake And Normalize Data"

5/5

What do you like best about Pramata?

I like the family tree view of contracts and the organization of the key terms into categories so it’s easier to make sense of what’s in a contract and skip to the relevant terms I am looking for. Review collected by and hosted on G2.com.

What do you dislike about Pramata?

The good news is that Pramata has a very systematic approach to intake and normalize data from our contracts. I like this because we can count on and trust the process. The downside is that for reporting, the information captured is at the document level. I would like to see reporting at an account level. Pramata is great for reporting down to a granular document level, but creating an executive summary for a particular account is hard. I’ve been told this is solved in the new Voyager platform. Review collected by and hosted on G2.com.

Recommendations to others considering Pramata:

A lot of time and effort needs to be spent on the front end blueprinting the data model that will be best for your company. Pramata has a lot of best practices for data models. Make sure the data model you choose fits your needs before you implement. Review collected by and hosted on G2.com.

What problems is Pramata solving and how is that benefiting you?

Pramata is a much better repository than what we had previously. Just knowing how many and what contracts we have and seeing them in an organized fashion has been of tremendous value. Also the ability to report across key terms helps multiple departments across the organization to manage contractual obligations and compliance. Review collected by and hosted on G2.com.

LS

Lalit S.

Gratitude Break

Computer Software

Enterprise (> 1000 emp.)

12/5/2018

"Pramata is a key part of the HPE Software (now part of Micro Focus) Digital IT Transformation"

5/5

What do you like best about Pramata?

Pramata is a solution unlike any other we’ve deployed. It’s part of the 20 new SaaS solutions that make up the Digital IT Transformation (FAST) initiative. It makes accurate critical relationship information readily available to our team to improve renewals and renegotiation, as well as improving billing accuracy. Being able to make sense of data from multiple sources allows us to identify revenue leakage opportunities and drive incremental revenue. Pramata also delivered on its promise to go live along with larger program go-live dates. Review collected by and hosted on G2.com.

What do you dislike about Pramata?

Minimizing the time for the first time set up and configuration i.e. The platform and managed service works completely as advertising. It was a little tough to find all of the contracts and data we needed to get started, but once we overcame that hurdle we were on off and running. Review collected by and hosted on G2.com.

Recommendations to others considering Pramata:

Make sure you can access all necessary documents and systems before you get started. An organized approach internally makes the process flow smoothly. Review collected by and hosted on G2.com.

What problems is Pramata solving and how is that benefiting you?

HPE Software business merged with Micro Focus, making it hard for overlapping sales groups to get the information they needed to negotiate cross-sell/up-sell deals and renewals without stepping on each other’s (or customers’) toes. Our sales ops team had no meaningful visibility into our existing customer agreements. It was a huge effort to dig through all the contracts, amendments, etc., and piece the most current information together to know where to sell more or make the most of renewals. The added problem was that customers were telling us we were hard to do business with.

With Pramata, we were able to clearly identify what our customers own, and understand the SLAs and commitments we’ve made. Our sales and finance teams can now quickly have informed discussions with customers for up-sell, cross-sell and whitespace opportunities. Review collected by and hosted on G2.com.

KC

Kandice C.

Director, Market Development Operations

Telecommunications

Enterprise (> 1000 emp.)

7/30/2018

"Customized to perfection."

5/5

What do you like best about Pramata?

Pramata is an intuitive application we can use across multiple functional areas at Comcast Business. Pramata customized the solution to meet our specific needs, so it’s incredibly efficient at helping to drive our business. Plus, the implementation was on time and on budget. Review collected by and hosted on G2.com.

What do you dislike about Pramata?

There’s not a lot to dislike! They solve my business challenges and help us deliver our services more smoothly. Review collected by and hosted on G2.com.

Recommendations to others considering Pramata:

Don’t be intimidated by the functionality possibilities or the cost. It may initially seem expensive, but pays for itself in the value it brings. Pramata has a great team who listen to customer needs, care about doing a great job, and design solutions that meet those needs. They help you prepare the business case necessary for implementation. Review collected by and hosted on G2.com.

What problems is Pramata solving and how is that benefiting you?

Right of Entry or ROE terms are critical for our service teams to know in advance of any on-site work for a customer. Terms and conditions of an ROE agreement can vary widely depending on the customer. Having this information at our fingertips enables greater efficiencies in our sales and order entry work streams. Before Pramata, it could take days searching for the appropriate information. Now it takes seconds. Review collected by and hosted on G2.com.

MW

Maggie W.

Enterprise (> 1000 emp.)

7/24/2018

"Pramata has changed our business for the better!"

5/5

What do you like best about Pramata?

I love that fact that Pramata is completely integrated with Salesforce and Docusign. The automation saves us hours, keeps our relationship data up-to-date automatically, and removes the chance for human error. Pramata has given us a view of our commercial relationships we didn’t have before. Review collected by and hosted on G2.com.

What do you dislike about Pramata?

There are really only two minor issues. The first gen customer portal called ‘Navigator’ can be a little slow. We are expecting the soon-to-be-live next gen portal ‘Voyager’ to be higher performing, as it’s been re-architected based on cloud computing principles of multi-tenancy and elasticity. Also, because some of our document titles are the same, it’s sometimes difficult to identify different types of documents. The new full-text search feature of Voyager has been designed to make it easy to find documents without having to open one at a time. Review collected by and hosted on G2.com.

What problems is Pramata solving and how is that benefiting you?

We started off looking at Pramata as a contracts repository and it definitely solved that problem, but we quickly realized we could use the platform much more widely. We now use Pramata for management reporting (we didn’t even realize we could use it for that!), revenue recognition, incentivizing our sales teams, etc. And, we aren’t even using it to its full potential yet. Review collected by and hosted on G2.com.

MC

Margaret (Maria) C.

Sr. Manager Finance Technology

Hospital & Health Care

Enterprise (> 1000 emp.)

8/20/2018

"Pramata is the Single Version of Truth for McKesson Pharma"

5/5

What do you like best about Pramata?

Pramata has a vast understanding of McKesson’s business and our contractual agreements. Commercial contracts drive our business, and by managing them with Pramata, we can make them actionable, not just stand-alone documents. The Pramata platform is impressive because critical information about our relationships is readily available and accurate, it’s used across McKesson by the compliance, sales, finance and accounting teams. Review collected by and hosted on G2.com.

What do you dislike about Pramata?

I don’t dislike anything but some of the reporting output capability, but I’m looking forward to enhancements to reporting tools that are coming soon. Review collected by and hosted on G2.com.

Recommendations to others considering Pramata:

First and foremost, understand the problem you are trying to solve. And make sure the business cases are understood internally. Pramata can help you clean the data, but you need the proper people involved for adoption, which is crucial. Review collected by and hosted on G2.com.

What problems is Pramata solving and how is that benefiting you?

Maintaining high-quality interactions with providers and manufacturers is a top priority for us. That includes monitoring our business commitments to customers, mitigating any risk and tracking revenue performance against what customers have agreed. With Pramata, our legal, finance, and sales ops teams can get the most current commercial relationship terms from one single source of truth whenever they need them. For instance, we can quickly check if a customer’s annual purchase commitment will be met by the end of the year, and then take appropriate steps as needed. Review collected by and hosted on G2.com.

CC

Chris C.

Enterprise (> 1000 emp.)

8/10/2018

"The sooner you implement Pramata, the better you can manage your contracts"

5/5

What do you like best about Pramata?

We’ve worked with Pramata for more than 10 years. In that time, the customer support has been beyond what we’ve received from other vendors. They also continue to innovate and recently launched a new platform called Voyager that we are transitioning to. The platform is easy to use and helps us understand all of the customers in our portfolio. Review collected by and hosted on G2.com.

What do you dislike about Pramata?

Nothing. I use it every day and it makes my life much easier. Review collected by and hosted on G2.com.

Recommendations to others considering Pramata:

Consider using Pramata to design your contract management program or process. The sooner you implement Pramata, the better you will be able to manage your contracts. Review collected by and hosted on G2.com.

What problems is Pramata solving and how is that benefiting you?

Pramata is the cornerstone of our contract management. They’ve created a commercial relationship baseline for us to understand for each customer, what are the related entities, what do those entities own contractually, at what price, and what are the specific commercial terms for those products. Review collected by and hosted on G2.com.

LB

Leigh B.

Enterprise (> 1000 emp.)

8/2/2018

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5/5

What problems is Pramata solving and how is that benefiting you?

Using Pramata benefits us across our Spine division. It can help ensure accuracy of royalty payments. We can maintain our relationships with the surgeon partners based upon having a data system that helps ensure compliance with our obligations. Review collected by and hosted on G2.com.