Name: Pramata
Author: Pramata

Customer Training

Help Desk

Web and Video Conferencing

Customer Support

Batch Management Software

Functional Testing

Development

Business Intelligence (BI)

Collaboration

Data Extraction

Dropshipping

Emissions Management

Intellectual Property (IP) Management

Privacy Policy Generators

Statistical Analysis

Workflow

Enterprise

Accounting

Accounts Payable

Crypto Tax

Online Trading

Subscription Management

Treasury Management

Finance and Accounting

Applicant Tracking

Corporate Learning Management

HR Compliance

HR Management

Payroll

Relocation

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

AI Agent Builder

AI Governance

Authorization

Cloud Storage

Custom Software Development Services

Data Center Virtualization

DevSecOps

Fraud Detection

Infrastructure-as-Code (IaC)

Integration Platform as a Service (iPaaS)

Managed Public Cloud Infrastructure

Network Performance Monitoring

Secure Email Gateway

Sensitive Data Discovery

Session Border Controllers

System Monitoring

Time Series Databases

Tower Servers

Web Portal

Information Technology

A/B Testing

AI Image Generation

Ad Serving & Retargeting

All-in-One Marketing

Audience Engagement

Content Management

Email Marketing

Market Intelligence

Marketing Automation

Social Media Advertising

Social Media Management

Survey & Forms Building

Web Analytics

Marketing

Project Management

Professional Services

Customer Relationship Management (CRM)

Lead Generation

Lead-to-Account Matching and Routing

Sales Enablement

Sales

Cloud Infrastructure Entitlement Management

Secure Service Edge (SSE)

Security

Architecture

Banking

Digital Forensics

Financial Services CRM

Internet of Medical Things

Vertical-Specific

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Users have made several recommendations for Pramata based on their experiences. First, users recommend blueprinting the data model that fits their needs before implementing Pramata. This allows for a more seamless integration and ensures that the system aligns with the organization's requirements.

In addition, it is suggested to have realistic expectations for the integration of Pramata's capabilities on the Navigator platform. Understanding the limitations and possibilities of the system will help users make the most of its features.

Furthermore, users recommend using Pramata for managing contracts and cleaning data. The platform provides helpful information for running reports, making contract management more efficient and enabling users to keep their data accurate and up-to-date.

Overall, it is advised to approach Pramata with patience, take the time to explore its functionalities, involve the right people in the adoption process, and design a contract management program or process that suits your organization's needs. Additionally, users emphasize that while Pramata may have a cost associated with it, it brings value and can ultimately pay for itself.

Pramata has proven to be an invaluable tool for users across various industries. With its capabilities as a document repository and source of truth, users have been able to solve key business problems related to contract management. By providing a centralized and organized view of contracts and related documents, Pramata has simplified contract research for renewal negotiations and billing disputes. This not only saves time but also ensures that users have access to accurate and up-to-date contract information, mitigating risks and improving customer interactions.

In addition, Pramata's data capture feature has enabled companies to track contract terms and dates effectively, solving the problem of deadline management and reducing internal errors. Users have found that Pramata's standardized and sorted documents make it easier to find contracts relevant to their area of responsibility, improving efficiency in their day-to-day tasks. Furthermore, with the software's analytics capabilities, users gain valuable insights into their relationships with customers, helping them better serve their needs and identify revenue leakage or opportunities.

Beyond contract management, Pramata has been discovered to have additional use cases such as management reporting and revenue recognition. Users have also found value in its accuracy in payment management and compliance with obligations in industries like healthcare. With its enterprise-wide deployment across multiple departments including finance, sales, procurement, and legal, Pramata solves various challenges from simple document searches to generating reports for whole regions or even assisting in M&A transactions. These user experiences testify to the wide range of problems that Pramata helps solve in an efficient and effective manner.

Efficient Contract Research: Users have found that Pramata takes the pain out of contract research by digitizing contracts and making key terms easily accessible and searchable. Several reviewers have mentioned how this feature streamlines their workflow and saves them time when analyzing contracts.

Consolidated View of Contracts: The platform provides a consolidated view of digitized contracts, allowing users to quickly understand what is in them and take action on readily available insights. Many users appreciate the ability to easily access all their contract information in one place, which helps them make informed decisions and stay organized.

Responsive Customer Support: The Pramata team is highly attentive and responsive, providing prompt attention to questions and issues raised by users. Numerous reviewers have expressed satisfaction with the friendly personalities of the customer support team, emphasizing the exceptional level of service they receive.

Incomplete Reporting Functionality: Users have expressed frustration with the reporting functionality in Pramata, stating that it is incomplete and difficult to work with. Several users have mentioned that the available options do not meet their needs, making it challenging for them to generate the reports they require.

Difficult Mapping Process: Some users have found the mapping process in Pramata to be difficult and time-consuming. This can act as a barrier for users who are trying to set up and configure the software according to their specific requirements.

System Limitations: There are certain system limitations in Pramata that users sometimes have to work around. These limitations can vary based on individual needs, making it subjective for some users. However, this issue is mitigated by the support and training provided by the Pramata team.

DocuSign CLM, formerly SpringCM, is a cloud-based platform that can be used to manage documents, contracts and related collateral.  The solution includes workflows that can be tailored to an organization's  business processes. It is also designed to accelerate team collaboration. SpringCM was acquired by DocuSign in the summer of 2018.

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PandaDoc headquartered in San Francisco offers their eponymous electronic signature platform for sales teams, containing sales proposal automation and CPQ (configure, price, quote) features, and integration with CRMs.

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Pramata

Contract management software is a program or series of related programs for storing and managing legal agreements such as contracts with vendors, leases and licensing agreements.

Contract Management

Contract Authoring

Features related to the contract authoring process.

Contract creation

Includes a document generator and tools for creating new contracts.

Contract templates

Allows users to set up templates or templatize old contracts in order to make new contract creation easier and more consistent.

Clause library/saved fields

Users can save certain fields of a contract for re-use; these may be stored in a template or a clause library.

Integration to CPQ

Integrates to CPQ software so that calculated quotes/configuration details can feed into contracts. This is an important element of automation in the contract authoring process.

PDF generator

Users can generate PDFs of contract documents.

Contract attachments

Users can attach other documents, like invoices, images, meeting minutes, memos, etc, to contracts.

Guided logic

Automated questions (based on company policies and the circumstances of the deal) help with the contract authoring process; this is an example of partial automation.

Contract Collaboration

Features related to collaborating on contracts.

Contract sharing

Users can easily and securely share contracts with internal users and external users. Contracts are accessible.

Contract editing

Contracts can go through multiple drafts and revisions; the software supports multiple versions and version comparison.

Contract merge

Multiple versions of a contract can be merged.

Collaborating on contracts

Internal and external users can collaborate on contracts without changing the text of the contract; this may be done through comments, questions, and/or message board conversations.

MS Word plug-in

Users can make changes to contract language using Microsoft Word.

Approval process

Approval workflows can be configured to streamline and automate the approval process; the approval process is helpful and convenient.

Parallel approvals

Users can set up complex workflows to handle parallel approvals.

Interdepartmental workflows

Users can set up interdepartmental workflows so that contracts can flow between teams in a logical and organized manner.

Contract Monitoring

Features that enable users to monitor the status of contracts.

Contract database

Contracts are stored and organized in a central repository.

VORs

Allows users to send/receive variation order requests and coordinate these with contracts.

Contract search

Users can easily look up contracts within the database.

Contract milestone reminders & alerts

Users can schedule reminders and/or trigger alerts according to contract milestones.

Custom contract reports

Users can create custom reports about the status of contracts, contract timelines, efficiency, and revenue tied to contracts.

Tracking contract status

Users can track the status of a contract as it moves through the approval process and beyond.

Salesforce integration

Integrates to Salesforce so that contracts are tied to contact’s CRM records.

Compliance check

Users can define and enforce complex business rules related to compliance regulations; helps automate or partially automate contract compliance check.

Tools and features to aid in contract management and formation.

Contract Storage

Centralized storage and management of all contracts in one place.

Document Management

Ability to upload, organize, and track changes to contract documents.

Advanced Search and Filtering

Efficient search functionality and advanced filters to quickly locate specific contracts or clause language.

Version Controls

Ability to track and manage different versions of contracts, including changes made and the history of revisions.

Customizable Contract Templates

Pre-defined templates that can be customized for different types of contracts.

Workflow Acceleration

Streamline the contract approval process by automating workflows and notifications.

E-Signatures

Capability to electronically verify user signatures, eliminating the need for physical signatures and enhancing efficiency.

Reminders and Alerts

Automated alerts and reminders for important contract dates, deadlines, and milestones.

Analytics and Reporting

Generate reports and gather insights on contract status, performance, and compliance.

Integration with other Systems

Ability to integrate with other tools, such as CRM or ERP systems, to exchange contract data seamlessly.

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Pramata

Overview

What is Pramata?