Pramata Named to The Hackett Group’s 2026 “50 to Watch” List of Procurement Technology Providers

As part of its annual assessment of providers, The Hackett Group^® conducts year-round market monitoring, detailed briefings, and product demonstrations

SAN FRANCISCO--(BUSINESS WIRE)--Pramata, the leaders in AI contract intelligence, announced today that it has been named to The Hackett Group's 2026 “50 to Watch” list of procurement technology providers. The recognition is part of The Hackett Group’s annual assessment of the global procurement technology market, recognizing emerging, leading and enduring solution providers in the procurement technology space.

To compile the list, The Hackett Group’s Solution Intelligence analysts (formerly the Spend Matters™ analyst team) conducted year-round market monitoring, detailed briefings, product demonstrations and direct engagement with procurement technology providers. As part of its assessment process, technology platforms were evaluated on their capabilities, solution maturity, innovation, customer adoption, and overall market impact.

For this year’s lists, The Hackett Group^® evaluated approximately 220 procurement technology vendors globally. Eligibility for inclusion was based on participation in product demonstrations, enabling a consistent and objective assessment across all vendors evaluated.

“We know that procurement leaders are under immense pressure to demonstrate measurable impact, and they are relying on AI tools to get them there. But Agentic AI needs complete document history and deep context on contract details and evolution—two things most P2P (procure-to-pay) systems struggle to provide due to fragmented, document-centric architectures. Pramata gives procurement teams the power to turn their contracts into accurate, predictable, scalable, and secure commercial relationship assets that are mission-critical for the agentic enterprise,” said Pramata CEO Praful Saklani. “With our technology, agentic AI solutions actually work—turning every vendor contract into a strategic asset that drives measurable outcomes. Being named to The Hackett Group’s ‘50 to Watch’ is a meaningful recognition of our technology and the impact that we’re delivering for customers.”

As the leading provider of contract intelligence for the enterprise, Pramata provides complete visibility into contractual terms across every vendor contract, delivering deep insights to negotiate better deals, cut costs, stay ahead of renewals and avoid unnecessary risks.

According to The Hackett Group, this year's evaluation reflects a rapidly evolving procurement technology landscape, with AI-enabled capabilities now widely embedded across platforms and solution categories. As organizations seek measurable outcomes from technology investments, differentiation is increasingly driven by how effectively providers translate innovation into practical, scalable results.

"These lists often serve as a starting point for organizations evaluating procurement technology investments," said Nikhil Gaur, director of strategic projects and research analyst at The Hackett Group. "As the market becomes more crowded and AI adoption accelerates, providers that stand out are those demonstrating both innovation and the ability to deliver real business impact."

Find the full lists and more information about The Hackett Group's procurement technology assessment program at: 2026 Procurement Technology Recognition Lists.

About Pramata

Pramata is the leading contract intelligence platform for the agentic enterprise. By delivering clean, accurate strategic intelligence, Pramata transforms complex contract portfolios into commercial relationship context that powers decision-making across legal, finance, sales, procurement, and operations. Trusted by Fortune 500 enterprises including McKesson, Comcast Business, AbbVie, and Callaway Golf, enabling them to negotiate smarter, reduce risk, and unlock revenue. For more information, visit www.pramata.com.