Technology companies today operate in immediate real-time, an environment that is dynamic and ever-evolving. Managing the risk/reward of contract obligations in technology organizations ensures staying in business, and growing rapidly.
So, the question is: How do you structure all your disparate contracts with their attachments so that you have the ability to use them for reports and inquiries?
As an individual who deals with contracts knows, contracts are generally unstructured or semi-structured text copies. The essential data elements you need to find can be scattered through these contracts and be in different formats. The information needs to be identified, extracted, transformed, and then put into a structured format. This is a complex multi-stage process with multiple steps where the results may be problematic if done through technology. And if done manually, it can be a daunting task with a heavy data entry penalty. Converting this unstructured contract copy into structured, searchable information is what Brightleaf does.
Brightleaf’s technology is a unique clever, advanced process to abstract information from non-searchable text-based contracts into immediately accessible information attributes in a Contract Lifecycle Management (CLM) system.
For more information visit www.brightleaf.com