In-house legal teams need Sales’ buy-in to get the right CLM. Learn how you can work together to achieve your contract management goals in a way that benefits Sales and beyond.
With more than 17+ years of experience taking organizations from contract chaos to contract nirvana, we’ve encountered three common misconceptions about clean contract data.
Clean contract data: It’s the vital first step to achieving anything else you want to get out of a CLM, but three common myths keep people from getting there.
In this three-part series, we bust the most common myths about clean data and explain how Pramata takes the time, expense, and headaches out of getting it.
Effective contract management is crucial for legal teams to ensure smooth and efficient operations. By tracking key performance indicators (KPIs), legal teams can gain valuable insights into the health of their contracting process.
When you think of a General Counsel’s job description, you don’t expect it to include spending hours each week searching for contracts and answering emails with questions like, “Where’s this contract? Which document is the most recent version? Which customer does this amendment belong to?” – and similar. Neither did Thien Dinh, yet that’s exactly what his job entailed when he joined MetricStream as its GC 2019.
If you’ve invested time, energy, money, and maybe even some blood, sweat and tears into setting up the contract lifecycle management (CLM) system you’ve got today, the thought of switching can be scary.
With increased budget scrutiny and CLM initiatives tied to top company goals, the stakes for getting it wrong have increased dramatically. Legal buyers must reframe the “why” behind their purchase, look beyond legal efficiency and adjust their evaluations accordingly.
Generative AI is everywhere these days. And, while some of what you see and hear is hype, the truth is generative AI is here to stay and there are a lot of very real use cases, especially for legal professionals like in-house counsel.
The MIM Software legal team, led by GC Alex Jorgensen began its quest for a contract modernization around 2020, and at first Google Drive seemed like a good way to go. After two years of muddling through this method, Alex was once again looking for a better solution to MIM’s contract management challenges. That’s when Alex heard about Pramata.
Pramata CEO Praful Saklani explains why clean contract data is a critical component of effective generative AI implementations and shares his thoughts on how the groundbreaking technology is changing the game for legal professionals.
A surprising number of tech implementations fail. Whatever the reason, it’s rare for customers to report a truly positive and uneventful implementation experience. Rare, that is, unless you have the Pramata platform. Nick Schultz, Pramata Customer Success Manager shares 5 ways Pramata makes it radically simple to get up and running fast!
There’s a lot to learn when it comes to contract management systems, especially if you’re a beginner. When you’re working with contracts, you likely don’t have a lot of time or mental energy to devote to learning a new technology. We understand how complex the world of contract management systems can be. Here, we’re going to break down the basics and provide you with a solid foundation of best contract management practices.
If you work in legal ops, you’ve got your hands full. Likely, more than full. You’re charged with everything from managing budgets and controlling costs to finding and implementing a legal tech stack. You live in a world of processes, workflows, and efficiency improvements. So why don’t traditional CLMs deliver on their promises to make your life easier?
When Catholic Health faced a significant price jump with the contract management system it had been using since 2006, the search for a new solution began. End users at the company were ready for a modern contract management solution, but worried about the complicated process and down time required to migrate the contracts from their legacy CLM system.
For lean legal teams and solo general counsel, navigating the contract management system procurement process can be daunting.
John will be focused on ensuring Pramata customers maximize their use of our platform, cementing their partnership with our company and our value as the radically simple contract management solution.
Simplifying and getting control of manual contract management can be overwhelming. Legal teams big and small are spread thin between reviewing and drafting contracts, helping sales teams with renewals, new contract requests, and all the ad-hoc questions thrown at you daily.
Layoffs are an unfortunate reality in the business world. Throughout 2022, a perfect storm of factors — from inflation to supply chain disruptions to global conflicts — have pushed businesses to reduce operating expenses, often resulting in dramatic reductions in headcount.
Legal teams large and small struggle with one universal issue: your reputation within your own company. It doesn’t matter how hard you work or how many hours you slave away serving the needs of every internal department, legal is often seen as an adversary, not an ally. What if there was a way you could turn that reputation around and ensure your legal team is a valued partner of the business?
Picture this: You’re the new GC at a company without a large supporting legal team. You walk in the door, into a role in which you’re expected to manage vendor contracts, customer contracts, employee contracts, and contracts governing business relationships and partnerships.
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