Pramata Description
Contract data is essential for everyone in your organization involved in servicing, supporting, managing, or executing contracts. An effective contract management system provides easy access to contract data, allowing team members to obtain information independently without needing to consult legal or other departments. This self-service capability enables users to quickly locate or generate reports on vital data or terms from all contracts, thereby minimizing risks and ensuring compliance with important contractual obligations. After a contract is executed, its value is just starting; however, a staggering 90% of organizations struggle to locate their contracts. This is alarming when considering the ongoing necessity for critical details such as key terms, renewal dates, owned products or services, and pricing information. A centralized source of information ensures that teams across your organization have immediate access to accurate answers for every customer, seamlessly integrating with CRM systems. This approach fosters efficiency and reliability, as everyone can confidently access the information they need to drive business success.
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