Case Study: Neovance achieves faster contract reviews and AI-powered contract intelligence with Pramata

Neovance closes 250+ contract requests with Pramata in under 7 days

Neovance, a patient access partner for pharmaceutical companies, faced significant challenges managing its complex and scattered contract portfolio. With agreements arriving through multiple uncoordinated channels and no standardized process, its two-person legal department struggled with risk and inefficiency. The company turned to the vendor Pramata to implement its contract intelligence solution and create a centralized, auditable system.

By implementing Pramata, Neovance established a single contract intake workflow and utilized AI tools like the AI Negotiator. This allowed the legal team to automate approvals, accelerate reviews, and gain real-time performance metrics. The results were substantial, with the team closing over 250 contract requests in under a year and turning around most reviews in under seven days, with some agreements like NDAs being completed in just 15 minutes. Pramata provided the intelligence and efficiency the business required.

Neovance