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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Meaning Obligation tracking is a systematic process of breaking down contracts into a pre-defined pattern (based on the user’s need) to provide insight – with mathematical clarity – into all that there is in a contract. Metaphorically speaking, it’s a process which enables the contract to talk and explain itself – in a simple and […]

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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 […]

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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 […]

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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 […]

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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 into a good use. Technologies like Artificial Intelligence, Machine Learning and Data mining are contributing heavily towards managing this enormous amount of data. A lot of effort […]

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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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