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Human assisted AI analytics updates by Pramata in Summer '17 version
Saturday, August 26, 2017
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Richard Harris |
Human assisted AI features to come in the newest update of Pramata's commercial relationship platform.
Pramata, a commercial relationship operations company, has announced its Summer ‘17 Release which features a new suite of applications that leverage machine learning and built-in analytics to gain new insights from customer, partner and supplier data. By combining a software platform and human-assisted artificial intelligence (AI), Pramata customers can now quickly operationalize commercial relationship data and deliver it to sales, legal, and finance teams to maximize revenue. In addition, new visualization capabilities and dashboards bring the data to life in a way that highlights new revenue moments, and is easily shared and pushed across teams and business functions.
“Most software products give you tools and then ask you and your teams to do all the work populating the tools with your data,” said Justin Schweisberger, Pramata’s Chief Product Officer. “Pramata is the only business application that combines the software platform, analytics and normalized customer data to make an immediate business impact and capture each revenue moment. The addition of human-assisted AI ensures customer data is always complete, accurate and up-to-date, and our new applications solve targeted business problems resulting from gaps in the customer lifecycle.”
Pramata was designed to help large enterprises grow their most valuable commercial relationships by unlocking critical information in existing contracts and combining it with data from business systems such as CRM, CPQ, CLM and billing. Deployed in dashboards targeted toward specific business problems, the new application suite allows for better management of commercial relationships data and more focused decision-making. The first set of applications available are:
- Renewal Manager: proactively manages renewals and expirations to drive revenue retention and expansion.
- Revenue Opportunity Manager: enables customers to maximize revenue and profit, and align pricing strategy based on financial terms in contracts.
- M&A Integration Manager: enables customers to leverage contract and transactional information to accelerate merger and acquisition integration.
- Risk Scoring Manager: allows customers to quantify, measure and minimize risk in trading-partner relationships.
- Commitment & Entitlement Tracker: allows customers to track performance of trading partners against operational metrics defined in contracts.
“Most software products give you tools and then ask you and your teams to do all the work populating the tools with your data,” said Justin Schweisberger, Pramata’s Chief Product Officer. “Pramata is the only business application that combines the software platform, analytics and normalized customer data to make an immediate business impact and capture each revenue moment. The addition of human-assisted AI ensures customer data is always complete, accurate and up-to-date, and our new applications solve targeted business problems resulting from gaps in the customer lifecycle.”
New Suite of Analytic Applications
Pramata was designed to help large enterprises grow their most valuable commercial relationships by unlocking critical information in existing contracts and combining it with data from business systems such as CRM, CPQ, CLM and billing. Deployed in dashboards targeted toward specific business problems, the new application suite allows for better management of commercial relationships data and more focused decision-making. The first set of applications available are:
- Renewal Manager: proactively manages renewals and expirations to drive revenue retention and expansion.
- Revenue Opportunity Manager: enables customers to maximize revenue and profit, and align pricing strategy based on financial terms in contracts.
- M&A Integration Manager: enables customers to leverage contract and transactional information to accelerate merger and acquisition integration.
- Risk Scoring Manager: allows customers to quantify, measure and minimize risk in trading-partner relationships.
- Commitment & Entitlement Tracker: allows customers to track performance of trading partners against operational metrics defined in contracts.
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