Pramata released the Tariff Risk Analyzer, a contract AI Agent that helps businesses understand and respond to the impact of supply chain and vendor disruptions caused by tariff policy changes.
The Tariff Risk Analyzer uses a company’s contract data to calculate the impact of newly established tariff structures on supply chain business relationships and then provides recommended next steps to address tariff-related disruptions.
“The primary question for business owners right now is less about how they respond to the tariff changes and more about how they can continue to operate in this world of uncertainty. The current economic climate is focused on tariffs, but the tariff fluctuations are really a subset of Vendor Risk Analysis, which is a hot button for any business that is part of the international supply chain structure,” says Praful Saklani, CEO, Pramata. “How do you run a business when the tariff policies are in flux and, likely, will be for an indefinite length of time? It all goes back to the organization’s contracts—business contracts lie at the center of how tariff policy impacts our economy—it all goes through the mechanism of the contract. Pramata’s Tariff Risk Analyzer answers the most pressing questions businesses have right now and offers solutions to address real-world problems.”
Key takeaways:
· The solution’s Tariff Risk Dashboard offers a comprehensive overview, offering key insights on high- vs. low-risk vendors, notice periods, missing protections, and more. Users can view contract renewal timelines and create charts highlighting risk distribution across vendor contracts. It also provides insights into when the organization may have limited negotiation leverage due to proposed tariff-related price changes.
· By indexing and analyzing all of a business’ contracts, Pramata’s Tariff Risk Analyzer addresses the top challenges legal and procurement departments face due to current tariff policies: everything from missed compliance deadlines, regulatory penalties, revenue leakage, and delayed contract approvals to impaired business decisions, litigation exposure, planning limitations and audit failures.
- Pramata’s Tariff Risk Analyzer ensures procurement teams can hold vendors accountable to their contractual obligations.
- When tariff policies change or vendors attempt to invoke a price adjustment clause, the Tariff Risk Analyzer provides critical insights to enable real-time view of risks through portfolio-wide visualizations, identification of non-standard tariff clauses, missing tariff-protection language, etc.
- Pramata’s Enterprise Grade Contract AI doesn’t just search for keywords; it comprehends the legal and commercial intent of contract language, enabling the Tariff Risk Analyzer to automatically identify tariff-related provisions.
