Technology companies today operate in immediate real-time, an environment that is dynamic and ever-evolving. Managing the risk/reward of contract obligations in technology organizations ensures staying in business, and growing rapidly. So, the question is: How do you structure all your disparate contracts with their attachments so that you have the ability to use them for […]
Monitoring various legal, and financial risks within contracts is definitely a need for the day and migrating abstracted data into a CLM to monitor and manage your contracts is the focal point of the process. Organizations can have a number of legacy contracts residing across the company divisions, shared folders, and other repositories, which might
Benefits of migrating contracts into a Contract Lifecycle Management System Read More »
Contract Summarization is the restating of the salient points of interest in the contracts in as few words as possible with the goal to simplify the given information by pointing to the most relevant terms and clauses in the contract, limiting the need for accessing the original documents. Some of the benefits of contract summarization
Benefits of Contract Summarization Read More »
We discussed the meaning and objectives of obligation tracking in the previous post, in this post we will discuss how effective the process of automation in tracking can be and how Brightleaf holds an edge over other automation tools enabling it to achieve unparalleled excellence. Before we begin to explain the application of artificial intelligence
KYO – Know Your Obligations (Obligation Tracking) Part II Read More »
Contract obligation management, also known as contract obligation tracking, involves a structured process of deconstructing contracts into a predefined format, tailored to user needs. By illuminating the contract with mathematical clarity, it allows it to communicate and explain itself to readers without complex analysis. This approach reveals contract intricacies clearly, sparing readers from interpretation burdens.
KYO – Know Your Obligations (Obligation Tracking) Read More »
Organizations use and need legal contracts to transact business, but it is only when they are managed in an efficient way do they really make business effective. It is therefore imperative to have a system that can store and recall not only the contracts but also the critical and key elements of any contract. Success
Transforming Business Effectiveness through Contractual Power Read More »
There can be multiple contracts strewn across various parts of an organization, and even if they are collected and housed in a central repository, the key information in these contracts remains buried away. Brightleaf understands that companies are primarily run by contracts, buy-side as well as sell-side, and having access to them, including all the
Ways to get arms around your contracts Read More »
Having a Contract Lifecycle Management (CLM) system in place is only effective if it contains the essential information in an accessible format. The CLM is not an end in itself but a means to an end, in that it can provide the essential information on demand, or triggered by a previously flagged event/activity, but to
Reasons to upload your legacy contracts into a CLM Read More »
There is so much of data being produced nowadays that without the help of an automated system the scattered information may not mean anything and cannot be put to good use. Technologies like Artificial Intelligence, Machine Learning, and Data mining are contributing heavily to managing this enormous amount of data. A lot of effort has
Best of Two Words – Artificial Intelligence & Human Intelligence Read More »
Leases are contracts that control the right to use something for consideration, and companies use them to benefit from plant and equipment as well as to provide customer-facing services. With the new FASB rules, how contracts are accounted for has changed, therefore there is a need to identify the essential attributes of your leases so
The FASB clock is ticking – And your leases Read More »
