BRISBANE, Calif., Aug. 23, 2017 /PRNewswire/ -- Pramata, the leading commercial relationship operations company, today announced its Summer '17 Release which features a new suite of applications that leverage machine learning and built-in analytics to gain valuable 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, compliance, and operational efficiencies. 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.
"The first company to create a solution that scales and enforces contracts compliance with artificial intelligence is going to revolutionize post sales commercial relationships the same way the Sales Force Automation Platform vendors revolutionized lead and funnel management," said Dana Therrien, Research Director, Sales Operations Strategies at SiriusDecisions.
"The magic of Pramata is that they give me the data I need, pulled from my customer contracts and systems across my business, to drive revenue and reduce risk," said Dan Carr, Vice President of Sales Operations, Comcast Business. "The new dashboard and visualization features in the Summer '17 release will help us move even faster and gain even more customer value."
"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, actionable decision-making. The first set of applications available are:
The Summer '17 Release also includes a highly secure customer-specific quoting application that can be deployed within Pramata customers' configure price quoting (CPQ) platforms. The enhancements allow sales professionals to better find contracts, terms, and pricing directly in their CPQ systems during the quoting process.
Pramata's approach to digitizing commercial contracts is centered around analytics and human-assisted AI, which takes the benefits of automation technology and merges them with expert institutional knowledge. These two factors are essential to accessing high quality data needed for companies to maximize the benefits of AI. The Summer '17 Release further expands Pramata's roots within the human-assisted AI method with enhanced capabilities such as such as integrated QA, rapid AI training, and an expanded data set.
Transitioning to Amazon AWS
In addition to the Summer '17 Release, Pramata also announced that over the next few months, it is transitioning its cloud operations to Amazon AWS, fully adopting virtualization as its primary cloud strategy. With its data and software being used by more companies, across more systems, the move provides Pramata access to the plethora of managed services by AWS. It will also result in a Pramata cloud that is even more performant, stable, and scalable.
World-class brands, including CenturyLink, Comcast Business, FICO, HPE, NCR, Novelis, Medtronic and Vertafore have chosen Pramata's platform to grow value throughout the customer lifecycle and position themselves for future business transformation. Many of these companies have seen an average increase in customer retention of 4.5 percent and an increase in revenue by millions of dollars per year using Pramata's platform.
Pramata's Summer '17 Release and the new Analytic Applications are available as an invite-only beta for current customers today, and will become available to the remaining install base over the next six months. Learn more about the Pramata Summer '17 Release https://www.pramata.com/summer-17-innovations.
Headquartered in Brisbane, Calif., with offices in Kansas City and Bangalore, Pramata digitizes and operationalizes the details of commercial relationships for maximizing revenue, reducing risk and driving business efficiencies for the world's largest enterprises. For more information, visit www.pramata.com.
Bateman Group, on behalf of Pramata
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