Leases are contracts that control the right to use something for a 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 has changed, therefore there is a need to identify the essential attributes of your leases […]

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Mitigate your risks by managing your contracts. Every upside has a downside somewhere and when it’s a hard obligation in a contract it is essential to know about it so you can manage it on time. Risks can include penalties, overcharges, under-billing and being late. All can hit the bottom line, destroy a dependent contract […]

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Transforming contract data, that is on paper into searchable attributes for inquiry and reporting is time consuming and often error prone. Now this can be done using clever technology with experts verifying the end results. Brightleaf is one such company using its own process, people, and technology to provide data at: a) 99.999% (Six Sigma) […]

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21st century manufacturing relies on technology and just-in-time delivery to optimize cost control and profitability. Managing the logistics of raw materials and component parts inbound, managing reliability (maintenance) of manufacturing and delivery equipment and delivering outbound efficiently is all bound up with contracts. Reducing lead times, inventory carrying, production down time and wastage are essential functions. […]

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If you use manual search and data entry for essential contract attributes (i.e. the things you need to search on) how do you know you have them all? The answer is in their semantic relationship, which indicates the meaning of words between different phrases, or between the meanings of different sentences. Semantic data extraction seeks out all […]

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Transforming critical contracts from unstructured text including legacy paper contracts demands quality. This means the process of conversion should never be shared between vendors – one entity should take responsibility to ensure a quality outcome. Brightleaf Solutions does exactly this. Brightleaf controls the entire process using their own resources so you get Six Sigma (99.99%) […]

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When you go into a contract management system, from what point in time do you start entering contracts? Most think from today because legacy contracts are too difficult. But that can expose you to risk and lost opportunity. Every contract is important, especially if it contains opportunity or risk. Older contracts have the same essential […]

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Getting all your contracts into a Contact Management System means you can manage your contractual obligations and risks. To do this you need reliable information that is both accurate and comprehensive in the database. Any error, such as a different multiplier in a penalty clause, a wrong expiry date or just a missed and not […]

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When you go into a contract management system, from what point in time do you start entering contracts? Most think from today because legacy contracts are too difficult. But that can expose you to risk and lost opportunity. Every contract is important, especially if it contains opportunity or risk. Older contracts have the same essential […]

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