Articles from Pramata

Pramata, the leading Enterprise Grade Contract AI Platform, today launched AI Negotiator, a contract AI solution that provides advanced contract analysis, review, comparison and negotiation acceleration tools integrated directly inside Microsoft Word. The contract AI solution arms legal and procurement teams with intelligent document comparisons and historical contract negotiation insights, while providing automated redline suggestions and comprehensive contract health checks for in-house counsels.

Pramata, the leading provider of Enterprise Grade Contract AI, today released the Tariff Risk Analyzer, a contract AI Agent that helps businesses understand and respond to the impact of supply chain and vendor disruptions caused by tariff policy changes. For any company that sells to or buys from international suppliers, the Tariff Risk Analyzer uses a company’s contract data to calculate the impact of newly established tariff structures on supply chain business relationships and then provides recommended next steps to address tariff-related disruptions.

Pramata, the leading provider of Enterprise Grade Contract AI, has named Garrett Derman Vice President of Strategic Solutions and Alliances. In his new role, Derman will be focused on building a scalable, structured framework for the Pramata Partnership Program, aiming to deepen relationships across partner channels while helping to drive product innovations atop Pramata’s contract AI platform.

Pramata, the leading end-to-end contract management solution provider, today announced it has given Verbit, a leading AI speech intelligence platform, the ability to create measurable workflow efficiencies across its legal and sales departments. With Pramata’s tech-forward contract AI solution, Verbit’s legal team has drastically reduced the amount of time spent on tedious contract management tasks, now able to complete work as much as eight times faster than before. The Verbit sales team has also benefited from Pramata’s solution, gaining seamless self-service access to contract data via Pramata’s Salesforce integration features.

Pramata, the leading end-to-end contract management solution provider, today announced the launch of its AI Design Studio, a contract management tool powered by Pramata’s enterprise-grade Contract AI technology. The AI Design Studio enables organizations to implement generative AI use cases in record time, from creating and automating new contract insights and experiences to building customized contract playbooks. The AI Design Studio includes a Provision, Clause, & Term Modeler that allows legal teams to define the contract concepts that matter most to their business, enhancing reporting capabilities and negotiation guidance. It also includes a Playbook Creator that expertly drafts negotiation playbooks based on the organization’s contract templates or legacy contracts.

Pramata, a leading end-to-end contract management platform, today announced a new strategic alliance with Deloitte. The organizations’ mutual clients can leverage Pramata’s simple, Generative AI-powered contract management and analytics solution with Deloitte’s corporate Risk, Regulatory, and Forensic advisory services to increase visibility into contract data and hierarchies that can span multiple systems and business units.

Pramata, the leading end-to-end contract management solution provider, today announced the latest version of its contract management platform at the CLOC Global Institute Conference, with next generation functionality that flips the script on traditional CLM capabilities. In addition to delivering a radically simple solution that empowers the business for less than the cost of a full-time employee, Pramata’s newly added pre-signature and upcoming GPT-Assist capabilities deliver substantial benefits across legal operations. The new updates empower contract management teams to create and maintain world-class pre-signature processes at a fraction of the cost and considerably less time than traditional CLM approaches.

Pramata, the leading end-to-end contract management solution provider, announced today it has named John Serdinsky as its first Chief Customer Officer. Serdinsky will be part of Pramata’s leadership team and responsible for the company’s onboarding and customer success initiatives. He will be focused on developing and implementing programs that enable Pramata users to achieve fast value and go deeper into the platform’s contract management solution, ensuring they gain maximum value from their CLM investment.

Pramata, the leading contract management solution provider, today announced it will be exhibiting at Legalweek 2023, March 20-23. In addition to showcasing Pramata’s radically simple approach to contract management, Pramata’s General Counsel and Chief Evangelist Foster Sayers will present during a workshop on the reshaping of the legal industry and how to thrive in the age of generative AI and ChatGPT. Sayers will also join CrushContracts CEO Roma Khan to present “Becoming a Contract MVP: Establishing a Focused Approach to Contract Management.” The session will offer actionable tactics in-house counsel teams can take to bring cost savings and revenue generation to the business.

Pramata, the leading end-to-end contract management solution provider, announced today it has experienced more than 300% growth in new sales during the last 24 months. The contract management company also saw more than eight-times its previous growth rate in new customer signings since launching a “radically simple” contract management solution designed specifically for small in-house counsel teams.