The International Accounting Standards Board (IASB) just issued its new rules on lease accounting, and in the U.S., the Federal Accounting Standards Board (FASB) is about to do the same. The biggest change by IASB is for lessees, no more with there be operating leases separate from finance leases. All leases go on the balance […]
Is it a lease? New rules from IASB Read More »
If you’re involved in any form of leasing, you are undoubtedly aware that there’s a huge change underfoot in how leases are accounted for, both by the lessor and the lessee. On Jan 13, 2016, the International Accounting Standards Board (IASB) issued the long-awaited lease accounting standard that it has been developing for over a
FASB Rule Changes for Lease Accounting Read More »
I almost expected to see dancing in the streets when the news got out: General Electric is moving its headquarters to downtown Boston. This Fortune 500 company (#8 on the list), with $149 Billion in revenue wants to become more of a technology and software company which fits very nicely in with Boston’s position as
Boston’s big technology win Read More »
Wow…what a concept!! Finding money to add to your bottom line that you didn’t know you had. How can that happen?!? Vendor/Supplier contracts, as with many other types, have performance penalty clauses. Often times, these are forgotten because contracts are drafted and filed away and these clauses often times, are forgotten and lost! If you
Find money in your contracts Read More »
[vc_row][vc_column][vc_column_text]The ultimate goal of automating the contract management process is to lessen the business and reputational risks of corporations by ensuring they comply with the terms and conditions of every contract. Most importantly, automated contract management enables corporations to foresee their rights and obligations, and thus prevents future litigation and its cost.[/vc_column_text][vc_single_image image=\”9655\” img_size=\”large\” alignment=\”center\”
Automated Contract Management Read More »
Corridor and Brightleaf’s webinar Incorporating a Migration Strategy into a Contract Management System Initiative was a big success! We had great attendance and wanted to make sure that the information shared by our speakers was made available to those that could not make it. We covered a lot of ground in 45 minutes including the
Contract Management and Migration Read More »
We’re seeing new flavors of technology impact just about every part of our business lives. The practice of law is affected as well: new technology is profoundly changing the way law firms and legal departments operate. On top of that, technology is driving globalization, and the resulting geographic ‘spread’ of business is increasing. This means
Technology, changing the way legal departments operate Read More »
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
Choosing a Contract Management System (a.k.a. Contract Lifecycle System) Read More »
In my last blog, I mentioned how current laws have not kept current with advances in technology. Let’s now focus on how new technology is playing an increasingly important role in Big Data. In the corporate world, timely, accurate, and secure access to critical business information is crucial to success. But there is so much
Big Data Success is a Trio of Challenges – Storage, Abstraction and Analytics Read More »
These days, technology is an integral part of just about everyone’s life both at work and at home. And that’s certainly true for lawyers. Count how many times an attorney uses pen and pencil these days while drafting an agreement. Almost none, right? They log in to the laptop, finish the drafting to complete a
Advancement of Technology Brings a Huge Gap Between Ethics and Law Read More »
