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Are you getting the accuracy you need from your contract extraction services?

To realize the benefits which exist after the contract has been signed, it’s necessary to not only understand the terms and provisions contained in your contract but to capture these for ongoing management. When a contract is signed, most organizations do a good job of tracking the contract’s basic operational requirements (e.g. renewal dates), but […]

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Why CLM solutions are the “holy grail” to truly get arms around all aspects of your contracts

Contract life cycle management systems (CLM) allow users to centralize contract storage and management, plus aid in the creation of new ones that fully comply with the company’s policies and requirements. This breed of systems provides all of the features of a CMS but adds workflows to request, author, negotiate, approve, present, execute, manage obligations,

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Automation is changing “nice to have” into “must have” requirement

In the last few years, all industries have been benefiting from an increase in automation, from robotics to software and Artificial Intelligence (AI) solutions to automated processes and tasks. According to different estimations, in the next decade, Artificial Intelligence is thought to replace 16% of jobs. Technologists are busy in their labs innovating advanced versions

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Automated Contract Abstraction and Management Benefits

In today’s fast-paced business environment, legal and compliance teams are under increasing pressure to manage contracts efficiently, ensure compliance, and mitigate risk — all while staying within budget. Traditional methods of contract abstraction and management are often too time-consuming, error-prone, or cost-prohibitive. Fortunately, automation is transforming the way companies handle contracts, making both contract management

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3 V’s of Big Data

The extremely large amount of complex data set which is difficult to process by traditional systems is called big data. This data is being produced constantly every second and minute of life. Capturing, storing, and analyzing this data is usually the biggest challenge that companies are facing these days. Managing this complex and massive data

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Challenges in migrating legacy agreements into a CLM system

To gain increased and immediate benefit from contract management systems, it is important to extract and load metadata from legacy agreements. But many find that process costly, complicated, and time-consuming. So what is the best answer? \”Join Brightleaf and IACCM\’s joint webinar on Overcoming the challenge of legacy agreements\”  Click here to register Date: September 20,

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Can software alone be the answer for your contract abstraction needs?

The old way of capturing essential data attributes from legal documents has been transcended, thanks to technology. we hear about Artificial Intelligence (AI), we hear about Machine Learning software systems and other new technologies for data extraction from contracts. But when we dig into the details, the accuracy of abstraction is not to the standard

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