Artificial Intelligence - Brightleaf Solutions, Inc.

Why the hybrid solution is better than owning software for contract data extraction

Data Extraction from contracts The old way of capturing essential data attributes from legal documents has been transcended, thanks to technology. It is difficult to achieve very high accuracy from software and consistency from manual methods. Yet we hear about Artificial Intelligence (AI), we hear about Machine Learning software systems and other new technologies for […]

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Unleash potential of contracts by abstracting key data points

[vc_row][vc_column][vc_column_text]Contract abstraction simply means extracting important data points which include clauses, dates, and meta-data from your contracts. Abstracting essential information from your contracts will help you manage and identify existing contractual commitments. Additionally, this will enable you to analyze risks, obligations, and opportunities to avoid potential legal disasters. Organizations need better knowledge and insight into

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Data Mining – why it is a buzz word

Data mining is the process of restructuring a large database in order to generate meaningful information. It encompasses discovering patterns and trends in the data sets and converting them into a comprehensible structure for further use. The goal is to extract the patterns which will help the organization to predict future trends, assist in taking

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Why and how to migrate your legacy contracts

[vc_row][vc_column][vc_column_text]Legacy contracts can be a treasure trove of valuable information for a company. They contain hundreds of important, actionable obligations which need to be tracked and managed. Those are the reasons why migration is so important for every organization and is considered one of the best practices in contract management. Contracts carry an enormous amount

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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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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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Artificial Intelligence & Contract Data Accuracy

Effective access and use of data have changed the way companies are operating their business in this highly competitive and challenging environment. This ever-increasing amount of dynamic data is becoming too much for human processing and analysis. There is so much data being produced that without the help of an automated system this scattered information

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Benefits of tracking Legacy data from your contracts

[vc_row][vc_column][vc_column_text]Legacy data is the data from your legacy or your older contracts. These are contracts that have been executed prior to today. They may be current and still relevant or may not be (expired). It is important to track legacy data for the following reasons: Information- much knowledge of the old contracts. This is lost

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Unlocking the Value of Your Existing Contracts

Contract Lifecycle Management (CLM) has become a top priority for C Level Executives worldwide. CLM systems are no longer a “nice to have” initiative, but rather a “need to have” business practice. The efficiencies introduced by an automated contract lifecycle solution are numerous – and, as the name suggests – it addresses the complete lifecycle

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Converting your unstructured/semi-structured contractual data into reportable structured format

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

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