Extract metadata
Contract Data Abstraction Service
Identify the clauses, terms, and other contract data that are important for organizations to keep track of contractual obligations and to ensure compliance
Automated Contract Data Abstraction
Executed contracts contain crucial information for you to be able to make critical business decisions. However, there is no easy way to access this data when you need it most. Finding information within hundreds, sometimes thousands of contracts over and over again requires a resource-intensive manual search. This often yields mistakes in the data found which can result in hurting the business.
Even the most sophisticated contract management systems are often incomplete or have erroneous legacy contract information and rarely track all the important provisions across all your contracts.
This is where Brightleaf comes in
Brightleaf automated contract data abstraction and migration is a technology-enabled service that automates the entire process of abstracting information from all your contracts. Our proprietary software performs abstraction and migration with unprecedented speed and accuracy. The key is Brightleaf’s underlying semantic intelligence engine that applies breakthroughs in computer-based language analysis technology to legal documents. Like Google, our software “crawls” through all your contracts and creates an index of all the key terms, provisions, and obligations.
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Brightleaf eliminates the need for your lawyers or expensive outside firms to spend large amounts of time pouring through all your contracts to find, cut, copy, and paste key provisions. With Brightleaf, in-house lawyers, business executives, contract managers, and procurement professionals can instantly get the information they need.
Read the whitepaper to learn more about “Why Human Intervention is a Necessity for Contract Review & Abstraction”
Benefits
Why Choose Automated Contract Abstraction?
01.
Revenue Recognition
Identify hidden and missed revenues from your legacy contracts.
02.
Compliance
Know your obligations, which is the first step to fulfilling them. Stay current with on-going changes in any industry.
03.
Business Intelligence
Provides a global view of all your contracts and puts real-time business intelligence at your fingertips.
04.
Risk Management
Identify assignability and any resulting obligations that come with inheriting contracts. Ensure compliance across your business even in the most transitional periods.
05.
Acquisitions
Eliminate the need to deploy teams of lawyers to get crucial information to respond to regulatory changes, lawsuits, or new business initiatives. Automate the process!
06.
Commitment
Our team diligently focuses on understanding your needs, providing tailored solutions that deliver tangible results.
Client Synopsis
Glimpse of how companies use Brightleaf for extracting data from contracts
A top Web Services provider required an extraction project to help organize the site addresses and track obligations and risks throughout their agreements. Brightleaf was up to the challenge, balancing the different groups and helping everyone get on the same page. We extracted information from their MSA, Amendments, Work order, NDA.
Brightleaf extracted vital information from the contracts ranging from Industrial Track Maintenance, Rail Crossing Agreements to Haulage, and Real Estate for a class 1 Railway company. There is a huge revenue realized after Brightleaf analyzed the documents and provided the information to the company. There were about 500 thousand legacy contracts, some of them even date back to the 19th century.
A top customer experience management company started its contract management journey with a lot of expectations. Brightleaf extracted certain key information with respect to agreement terms, regulatory reporting, insurance obligations, audit requirements, limitation of liability, and financial obligations.
Would you like to start a contract abstraction project with us?
Brightleaf Solutions can help you extract key data, identify risks, and gain insights to optimize your contracts.