As a company growth graph moves upward, having a Contract lifecycle management system in place is the way to manage all your contracts. It is a single unified repository to track contracts better. Reports generated through these systems help businesses to make better-informed decisions. A contract lifecycle management system enables you to: Report and act […]

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When people plan a contract management system, their immediate concerns tend to focus on finding their contracts and reporting on standard metadata, including contract owner, contract status and renewal date. A centralized repository takes care of the first need. Configured reports set up for specific contract metadata address the second need. But beyond standard contract […]

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Contract Lifecycle Management (CLM) has become a top priority for C Level Executives worldwide. CLM systems are no longer a “nice to have” initiative, but rather a “need to have” business practice. The efficiencies introduced by an automated contract lifecycle solution are numerous – and, as the name suggests – it addresses the complete lifecycle […]

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A unanimous move to protect data from cyber attacks and breaches, GDPR is a regulation and not just a directive, that has to be followed by all the organizations operating within Europe, European residents as well as by all the Non-European organizations trading with European nationals or companies. This regulation will bring a new set […]

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Organizations, be small or large, manufacturing or technology, product based or service based when doing business with their suppliers or customers need to put their commitments in writing to avoid any confusion or overlooks. Here comes the need for a contract, a written document which comes with a legal binding to render services promised to […]

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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 ensure 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 […]

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

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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 […]

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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 […]

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