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What is Pramata?
Contract information is crucial for all members of your organization who are involved in the servicing, support, management, or execution of agreements. A robust contract management system facilitates straightforward access to this data, empowering team members to retrieve information on their own without needing to consult legal or other departments. This self-service feature allows users to swiftly find or create reports on essential data or conditions from all agreements, thereby reducing risks and promoting adherence to significant contractual requirements. Following the execution of a contract, its value only begins; nonetheless, an astonishing 90% of organizations find it challenging to track down their contracts. This statistic is concerning, given the ongoing need for important details such as critical terms, renewal deadlines, owned products or services, and pricing information. Establishing a centralized database guarantees that teams throughout your organization have prompt access to precise answers for every customer, seamlessly integrating with customer relationship management systems. This strategy enhances efficiency and reliability, allowing everyone to confidently access the information necessary to propel business success. Furthermore, by streamlining contract retrieval processes, organizations can significantly improve their responsiveness to customer inquiries and enhance overall operational effectiveness.
What is Onit Catalyst for Contracts?
Catalyst for Contracts is designed to seamlessly integrate into your existing workflow by allowing users to utilize their preferred tools, while employing conversational AI to support legal professionals in effectively drafting language, identifying inconsistent terms, clarifying clauses, and reformulating positions, among various other tasks. Harness the power of AI and natural language processing for efficient extraction of contract data and legal text analysis to quickly gain insights into regulatory updates, identify contract patterns, and find answers to essential business inquiries. Tackle complex challenges swiftly by utilizing approved fallback options or by comparing clauses with your established clause library. Speed up the contract review process with in-contract AI features that highlight defined terms, cross-references, and potentially problematic language, ensuring a comprehensive assessment. This cutting-edge approach not only optimizes workflows but also significantly improves the accuracy and trustworthiness of legal documentation. As a result, legal teams can focus more on strategic decision-making and less on mundane tasks, ultimately enhancing overall productivity.
Integrations Supported
BusyLamp
Onit Catalyst for ELM
OnitX Contract Lifecycle Management
OnitX Enterprise Legal Management
OnitX Legal Holds Management
OnitX Legal Service Management
OnitX Legal Spend Management
OnitX Matter Management
Integrations Supported
BusyLamp
Onit Catalyst for ELM
OnitX Contract Lifecycle Management
OnitX Enterprise Legal Management
OnitX Legal Holds Management
OnitX Legal Service Management
OnitX Legal Spend Management
OnitX Matter Management
API Availability
Has API
API Availability
Has API
Pricing Information
Pricing not provided.
Free Trial Offered?
Free Version
Pricing Information
Pricing not provided.
Free Trial Offered?
Free Version
Supported Platforms
SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux
Supported Platforms
SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux
Customer Service / Support
Standard Support
24 Hour Support
Web-Based Support
Customer Service / Support
Standard Support
24 Hour Support
Web-Based Support
Training Options
Documentation Hub
Webinars
Online Training
On-Site Training
Training Options
Documentation Hub
Webinars
Online Training
On-Site Training
Company Facts
Organization Name
Pramata
Date Founded
2005
Company Location
United States
Company Website
www.pramata.com
Company Facts
Organization Name
Onit
Date Founded
2011
Company Location
United States
Company Website
www.onit.com/catalystforcontracts/
Categories and Features
Contract Management
Buy Side (Suppliers)
Completion Tracking
Compliance Tracking
Contract Lifecycle Management
Electronic Signature
Full Text Search
Government Contracts
Pre-built Templates
Sell Side (Customers)
Specialty Contracts
Version Control
Workflow Management