Wow…what a concept!!  Finding money to add to your bottom line that you didn’t know you had.  How can that happen?!?  Vendor/Supplier contracts, as with many other types, have performance penalty clauses.  Often times, these are forgotten because contracts are drafted and filed away and these clauses often times, are forgotten and lost! If you […]

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Getting key data elements extracted from contracts is not an easy chore.  Done manually, you would need to open each and every contract (which in itself is a time-consuming task), search through the full document for many different types of language, and copy and paste into a tool like Excel.  Time studies have shown that […]

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In my earlier blog, I had given 5 steps to choosing a CLS.  Not all CLS’s are created equal.  You may first want to see what you require to manage your contracts.  What salient information do you really have in your legacy agreements? How does it vary? What’s important to you? Do you want to […]

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In my last blog, I mentioned how current laws have not kept current with advances in technology. Let’s now focus how new technology is playing an increasingly important role in Big Data. In the corporate world, timely, accurate and secure access to critical business information is crucial to success. But there is so much unstructured […]

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Why would anyone take the time, effort and all the lawyer fees to negotiate and draft detailed, often complex contracts and agreements with vendors, suppliers, and clients, only to file them all into a drawer, never to be looked at again? We at Brightleaf see it all the time. We believe that contract management through […]

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As part of our contract intelligence launch, we just published a new white paper entitled “Automated Contract Abstraction – How new technology enables fast, affordable contract abstraction”.  We’re getting a lot of kudos from readers. Check it out: http://www.brightleaf.com/contract-abstraction/ It teaches how automated contract abstraction helps keep contract management systems up-to-date; reduces risk by ensuring […]

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