It is not often that companies awaken to the stark realization of maintaining a sound contract management system until revenues are lost, opportunities or milestones are missed on account of poor management of contracts. The conventional systems, due to their inherent inadequacies, were limited and incapable of appropriately addressing these issues. This led to the development of the current advanced systems.

Brightleaf along with its partners provides one such solution to meet end-to-end contract management needs which includes classification of contracts, extraction of key data elements, loading them on a CLM, and ongoing management of contracts on the CLM system.

The word ‘contract migration’ itself means moving to a more evolved operating system. Brightleaf with its highly sensitive artificial intelligence, optical character recognition, and natural language processing technology overcomes the challenges posed to organizations having no or an obsolete system of managing and organizing existing and legacy contracts. Download the strategy brief on to load your legacy contracts into a new CLM system”.