In our previous blog, we discussed the importance of analyzing contract from a legal perspective. Now let’s discuss what are the major types of clauses an analyst comes across while analyzing a contract: Standard clauses – As discussed in the previous blog, it is the boilerplate provision that occurs frequently. They are generally consistent clauses. […]

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With contracts, always in a state of flux, being renewed or newly negotiated it may seem like a good idea at first to buy software for your in-house system. However, you need to buy, install and train and then maintain that software. And it’s not just one software package, it’s a number of different ones […]

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Contracts come in an endless variety of forms and complexity. Some contracts are dozens of pages long and comprehensible only to those with specialized skills, therefore they are critical. Each and every contract can be different and usually is, therefore capturing information hidden in these contracts is not that straightforward. Clauses can be expressed differently […]

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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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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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The larger the company, the more the contracts – that is a given.  The larger the company, the more the divisions.  The larger the company, the more these divisions work in silos.  All companies run on contracts – buy side and sell side.  How can you organize all the contracts?  One way is to put […]

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