Case Study: Verbit achieves faster contract management and AI-powered legal operations with Pramata

Verbit cuts contract review from 45 minutes to 5 with Pramata

Verbit, an AI-powered speech intelligence company, faced significant challenges in its legal department from manual contract processes, poor version control, and inefficient analysis of complex inherited contracts from M&A activities. Seeking a modern contract lifecycle management solution with a genuine AI vision, they partnered with the vendor Pramata.

By implementing Pramata's Contract AI solution, Verbit achieved dramatic efficiency gains. The AI-powered tools reduced contract review time from 45 minutes to just 5 minutes and enabled the generation of amendments in seconds instead of hours. The solution also provided automated organization of contract hierarchies and seamless Salesforce integration for self-service sales access. Ultimately, Pramata enabled Verbit's legal team to complete contract-related tasks up to eight times faster than before.

Verbit