The larger the company, the more the contracts – that is a given. The larger the company, the more the divisions. The larger the company, the more these divisions work in silos. All companies run on contracts – buy side and sell side. How can you organize all the contracts? One way is to put […]
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The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) intended to improve financial reporting about leasing transactions. The ASU affects all companies and other organizations that lease assets such as real estate, airplanes, and manufacturing equipment. The changes are significant and follow on the heels of similar international guidelines recently announced
It’s been years, but now, finally! Read More »
Mesmerizing words like big data, data visualization, business intelligence… we have been hearing and using these words quite frequently in our day-to-day conversations. And why not? After all, this industry is one of the fastest growing. With so much new information flowing into virtually all businesses via different sources – online visitors\’ engagement on company
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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
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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 »
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. Advantages of automated
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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
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