This MGI 360 Rating™ is designed to help buyers, suppliers, and investors assess the product functionality, management teams, channel breadth, marketing strategy, and financial positioning of Pramata’s CLM tool.
MGI Research initiates coverage of Pramata in Contract Lifecycle Management (CLM) market with an MGI 360 Rating of 46 and a Neutral analyst outlook. Pramata has two ideal use cases. The first is serving large enterprises with large contract volumes and elevated complexity requirements, such as sophisticated data management. The second is for smaller, growth-stage SMEs.
Who Is Pramata?
Pramata is a CLM provider with a data twist. Pramata serves two types of customers: (1) large, complex enterprises with a recurring revenue/renewal component to their business, and (2) emerging growth SMEs. The company sells into large enterprises, primarily via resale partners like Deloitte and Bain, and via direct sales to SMEs. The company is growing, profitable, and conservatively managed.
What Is Contract Management?
Contract Lifecycle Management (CLM) is the process of strategically managing and leveraging the entire lifespan of legally binding agreements between two or more parties within a business context. CLM tools are evolving rapidly. Not long ago, CLM software described a relatively simple system for document management and e-signature. Today, mature CLM solutions employ AI/ML data capture capabilities to turn the contract management process into an intelligent, real-time system of record. For more about the evolution of CLM software, read The Six Stages of CLM Maturity.
Download Pramata’s 360 Rating to find out where it falls on the Solution Strength vs. Go-to-Market Strength MarketLens.
What are MGI 360 Ratings?
MGI 360 Ratings™ are a comprehensive structured system for evaluating technology companies. The MGI 360 scores reflect analyst opinions based on a scale of 0 to 100, combined with an analyst outlook (Positive, Negative, or Neutral). The 360 Rating system is comprised of 149 unique data points across five pillars:
- PRODUCT: How strong is the product’s competitive position?
- MANAGEMENT: How competent and experienced is the management team?
- CHANNELS: Does the company have a sales capability and channels needed to bring products to market?
- STRATEGY: Does the company have a realistic view of the opportunity and a compelling strategy for success?
- FINANCE: Is the company growing and profitable?
360 Ratings in Contract Lifecycle Management condense hours of research and customer references into simple, easy to understand ratings and recommendations to clearly demonstrate strengths, weaknesses, and differences among CLM software vendors. All 360 Ratings in Contract Lifecycle Management (CLM) are available in the CLM Top 35 Buyer’s Guide.
Get the report to find out how Pramata compares to peer averages in the CLM market:
