When people plan a contract management system, their immediate concerns tend to focus on finding their contracts and reporting on standard metadata, including contract owner, contract status, and renewal date. A centralized repository takes care of the first need. Configured reports set up for specific contract metadata address the second need. But beyond standard contract […]

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Lease extraction The process of retrieving relevant data points from your lease contracts can have a huge impact on your organization if not tracked properly. A summary of your lease contracts at your fingertips can save you time, money and mitigate the risk associated with non-compliance. The process of reviewing lease data for say asset […]

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Contracts are an integral part of any business relationship and staying on top is critical. Automated abstraction gives legal, contracts, and procurement professionals the ability to efficiently and cost-effectively abstract key information from their contracts and improve how they manage contractual obligations. Contract abstraction means extracting important data points which include clauses, dates, meta-data from […]

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Once your company is ready to be sold your whole focus is shifted on restructuring a whole new business system. It includes certain activities which need to be taken care of such as what company is buying and what obligations it is assuming, the nature and extent of the target company’s liabilities, contracts, litigation risks […]

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Artificial Intelligence is fast becoming an essential part of the technology industry, helping solve many challenging problems. AI is the ability of making a computer program or software to think smartly in an intelligent manner as like humans think. It revolves around the use of algorithms, a set of defined instructions that a mechanical computer […]

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Data Extraction from contracts The old way of capturing essential data attributes from legal documents has been transcended, thanks to technology. It is difficult to achieve very high accuracy from software and consistency from manual methods. Yet we hear about Artificial Intelligence (AI), we hear about Machine Learning software systems and other new technologies for […]

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In today’s scenario legal business homes, legal firms, and organizations all across the world are getting into a whole bunch to thousands of contracts on a usual, which ends in an exceedingly giant, scattered, and cumbersome storage of varied sorts of legal contracts clause that’s arising in varied contracts. The cycle of a contract doesn’t […]

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