G2

Foster S.

Vice President - Legal Operations

Enterprise (> 1000 emp.)

8/1/2024

"Data-Driven Contract Management is a Force-Multiplier for Legal and Business"

5/5

What do you like best about Pramata?

It's so simple to implement.

Pramata includes managed services to do the heavy lifting to stand up your contract repository. When you have fully digitized contracts that provide immediate insight into key terms, you accelerate every task in legal and the business where that contract information is a concern.

Building workflows to manage contract intake is also easy. Deploying NDA automation takes fewer than 30 minutes. While more time is involved in workflows for complex contracts, the interface is easy to use to configure logic to support sophisticated and dynamic contracting processes.

With the addition of Generative AI, the platform allows you to leverage your structured data to understand contracts and summarize their contents easily. Hours of contact review is eliminated with the ability to have AI review contracts in accordance with your playbooks and do the first markup, leaving only validation and minor editing to get the agreement turned around.

Pramata also integrates with Salesforce and DocuSign which is essential for us to drive adoption of the solution and successfully automate our ability to be organized with our contracts.

With automation to generate routine contracts, easy access and reporting for contracts, and workflows to streamline the delivery of contract review, the Pramata platform is a productivity coefficient across the entire business. Review collected by and hosted on G2.com.

What do you dislike about Pramata?

The pace of the release of new features is exciting but the change management related to new releases could improve. Fortunately, they have excellent customer support so it's not a huge issue. Review collected by and hosted on G2.com.

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

Problem #1 - Finding Contracts.

We are a business that has grown by acquisition and finding contracts was difficult as they were stored in multiple locations. With Pramata we have a central repository that is essential to scale operations.

Problem #2 - Contract Intake.

Due to growth by acquisition, we have multiple products and they have different contract requirements, but our tool for intake was too rigid to allow sales to succeed in providing the necessary information for the deal and results in delays caused by back-and-forth with legal. With Pramata, we have dynamic workflows that leverage conditional logic to ensure that relevant information is captured and irrelevant fields can be skipped to make requests fast to submit by sales and to complete by legal.

Problem #3 -- Negative Bandwidth Impacts of Basic Questions

Due to growth by acquisition, customers may have multiple contracts in place with our business, and legal sees a constant stream of questions from the business. With Pramata we have Generative AI that allows users to ask questions about contracts and to get answers without taking up legal's time. Review collected by and hosted on G2.com.