Automation

AI-Powered Contract Metadata Extraction in Healthcare

The healthcare industry generates and stores vast amounts of data daily, including patient records, medical history, diagnoses, treatment plans, and outcomes. Extracting and managing this data is crucial for improving patient care, identifying health trends, and ensuring regulatory compliance. However, the effectiveness of healthcare data relies on its accuracy and accessibility. In this blog, we […]

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CEO Blog 8: What are the best practices for legacy contract migration/data extraction?

Not sure where to start?  We’ve curated the best legacy contract migration/data extraction practices to get you started It’s important to cover the best practices, partially covered in the previous blogs. 1.     Decide which contracts you want to migrate 2.     Decide what data points you want to report on across a set of these legacy contracts 3.     Set

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CEO Blog 3: Can I extract and track my business specific information?

As part of the legacy contract migration/data extraction series of blogs, here is the 3rd one of the series. Can I extract and track my business-specific information? But of course! In fact, 30-40% of the information Brightleaf extracts is our clients’ business-specific information. To give an example, for a Class 1 Railroad company, we extracted

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CEO Blog 2: What attributes do I extract and ingest into a CLM during the legacy contract migration process?

The first part of the series covered, what is legacy contract migration and why do I need to do it? Here we will discuss the next/second question that is asked very often too, what attributes do I extract and ingest into a CLM during the legacy contract migration process into a CLM? There is no

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Abstracting essential data points from your lease

What is lease abstraction? Before delving into the benefits of lease abstraction, let\’s first clarify its concept. Lease abstraction involves the creation of a concise overview that encapsulates the essential terms and conditions of a lease agreement. This distilled document encompasses critical data points such as commencement and termination dates, rental fees, and options for renewal.

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Contract Data Abstraction : 4 Signs to know if you need it

Contract data abstraction 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. 80% of corporate legal professionals say that

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Tech trends for legal departments

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. Technology is driving globalization and is resulting in the geographic ‘spread of businesses’. This means closer monitoring of laws

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