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Pramata has proven to be an invaluable tool for users across various industries. With its capabilities as a document repository and source …
Overview
What is Pramata?
Pramata’s platform aims to transform contract management into radical simplicity. Its method towards radical simplicity is rooted with a 3-pillar approach. Pramata gets documents systematically organized, empowers businesses with the information they need, and accelerates contracting process for faster deals.…
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What is Pramata?
Pramata’s platform aims to transform contract management into radical simplicity. Its method towards radical simplicity is rooted with a 3-pillar approach. Pramata gets documents systematically organized, empowers businesses with the information they need, and accelerates…
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What is ContractHero?
ContractHero is a contract management solution that consolidates the most important information in a company. The platform is hosted on german servers and boasts hundreds of customers, among other companies like Eurowings, Isar Aerospace, Bringmeister, and Tiffany. ContractHero offers automated and…
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What is Pramata?
Pramata’s platform aims to transform contract management into radical simplicity. Its method towards radical simplicity is rooted with a 3-pillar approach. Pramata gets documents systematically organized, empowers businesses with the information they need, and accelerates contracting process for faster deals. This is to give users control and insights for lasting success without the heavy lifting.
Pramata Competitors
Pramata Technical Details
| Operating Systems | Unspecified |
|---|---|
| Mobile Application | No |
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TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
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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.
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.