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What is Ultria Orbit?

For more than a decade, the Ultria Team has dedicated itself to applying Practical Artificial Intelligence to improve Information Governance for prominent global businesses. The inception of Ultria's AI-focused strategy for contract management arose from the urgent needs of clients who handle upwards of one million contract line items each year, while others seek support in assessing supply chain risks or evaluating customer orders during mergers and acquisitions. As the regulatory environment becomes increasingly complex and geopolitical tensions evolve, there is a rising need for accurate metadata extraction, reliable clause matching, and thorough risk assessment. This pressing demand led to the creation of a specialized AI element within Ultria’s offerings. This component not only integrates effortlessly with Ultria's Contract Lifecycle Management (CLM) solution but is also crafted to function independently for organizations that do not have a CLM system implemented yet. Ultria Orbit provides a strategic flexibility in its deployment, facilitating a smooth adaptation for companies to meet their unique contract management needs and challenges. By leveraging this pioneering solution, organizations can enhance their ability to handle the intricacies of contract management, ultimately leading to improved operational efficiency and precision in their processes. Consequently, Ultria stands as a beacon for businesses aiming to optimize their governance in the ever-evolving landscape of contract management.

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.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

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

Ultria

Company Location

United States

Company Website

ultria.com/products/artificial-intelligence-powered-contract-management-ultria-orbit/

Company Facts

Organization Name

Pramata

Date Founded

2005

Company Location

United States

Company Website

www.pramata.com

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

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