As part of the legacy contract migration/data extraction series of blogs, here is the 3rd one of the series. Can I extract and track my business-specific information? But of course! In fact, 30-40% of the information Brightleaf extracts is our clients’ business-specific information. To give an example, for a Class 1 Railroad company, we extracted [...] Read More →

To continue operating profitably is always the primary focus of any enterprise. In today’s competitive corporate environment, the ability to effectively manage contracts is essential to surviving in the marketplace and achieving success. At different points in our lives, each of us would have or will, without exception, sign a contract. However, have we ever […]

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Contract Abstraction A process of "abstracting" key dates, clauses, payment terms options, and other information from a contract into data useable by a Contract Management System. This provides a concise view and saves companies precious time and resources. Furthermore, through the utilization of contract abstraction services, documents are easier to read for non-lawyers since essential [...] Read More →

Contracts are one among the difficult documents that ought to be evaluated befittingly, and if there isn’t a clear system for the solid review process in place the terms may be overlooked leaving a company in a weaker position. Across your business, whether in sales, legal, marketing, or vendor management, contracts help protect the company, […]

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Blockchain is the technology that runs behind bitcoin the first digital cryptocurrency. It is a distributed public ledger that is used to record transactions across many computers so that it can’t be altered without the modification of all subsequent ledgers and the consensus of the network. Blockchain is a decentralized, peer-to-peer, immutable storage network that […]

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Your first reaction when you see reams of paper or contract document files on your computer is often “How do I get a handle on this?”  The typical answer that comes to mind is “Let me get a system that manages contracts.” Then you start researching contract management systems vendors. Yes, that is the ultimate […]

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Contract Lifecycle Management is no longer a “nice to have” initiative, but rather a “need to have” business practice. With a direct impact on both revenue and expenses as well as the risk profile of a company, many businesses have an elevated interest in implementing automated solutions. The efficiencies introduced by an automated contract lifecycle […]

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Is Brexit really happening? The UK government says ‘Yes’ and it is scheduled to leave at 11 pm UK time on Friday, 29 March 2019. Well, whether it happens or not happens, keep that discussion aside for now. What you might be interested in knowing is, how Brexit impacts certain contractual obligations in your existing contracts? […]

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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 all Non-European organizations trading with European nationals or companies. This regulation will bring a new set of requirements […]

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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 its own resources so you get Six Sigma (99.99%) […]

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Mesmerizing words like big data, data visualization, business intelligence… we have been hearing and using these words quite frequently in our day-to-day conversations. And why not? After all, this industry is one of the fastest growing. With so much new information flowing into virtually all businesses via different sources – online visitors’ engagement on company […]

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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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