There is so much talk about ChatGPT. A really revolutionary pre-trained AI model! So you wonder, can I use it for doing all my work for legacy contract data extraction including a matchup of masters with their amendments, removal of duplicate documents, removal of unsigned and unwanted documents, etc.? One way to look at it […]
CEO Blog 10: Legacy contract migration/data extraction Read More »
Aaah – a loaded question. There is much talk about software telling you if there is risk in your contracts. Well, what is a risk to you? That would be different than a risk to another company or someone else. To you, if the limitation of liability is capped to 2x the spend by the
CEO Blog 7: I want to know if my contracts are risky. How do I do that? Read More »
Again, a frequently asked and pertinent question This is the fifth of a ten-part series on contract migration and related data extraction, which will help your legal teams gain a better understanding of the information included in all of your contracts. The first reaction is that EVERY document and EVERY data point needs to be
CEO Blog 5: I have 300k documents! What do I migrate into a new CLM system? Read More »
This is the fourth of a ten-part series on contract migration and related data extraction, which will help your legal teams gain a better understanding of the information included in all of your contracts. This is the most asked, if not, assumed (as yes) question! And a very pertinent one. AI Software is a necessary condition
CEO Blog 4: Can AI software handle it all? Read More »
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
CEO Blog 3: Can I extract and track my business specific information? Read More »
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
As per a study by the Institute for Supply Management, a typical Fortune 1000 company manages anywhere between 20,000 to 40,000 active contracts at any given time. Additionally, there are legacy contracts to add to the number. Keeping track of all of these contracts can be a nightmare if done manually. Using Natural language processing
Transforming contract management process with NLP Read More »
Extracting contract metadata – the structured data hidden inside legal agreements is often more challenging than it seems. Traditional manual methods require opening each contract, scanning through the document, and copying key fields into tools like Excel. This makes contract metadata extraction slow, expensive, and prone to error. Today, organizations need faster, more accurate ways
Contract Metadata Extraction: Efficient Methods Explained Read More »
Contract data extraction or contract review is a vital step of the contract management process for any business to thrive. In contract management, review means critically analyzing the information present in a contract. The old way of capturing essential data attributes from legal documents has been transformed, thanks to technology. We hear about Artificial Intelligence
Legacy Contract Data Extraction: Software, Manual or Both? Read More »
The world has seen many challenges this past year. Covid-19 upended the way we live and work but we are adjusting our actions, making life convenient and safe, and striving for a better world. Many organizations have seen revenue disruptions during COVID-19, and companies faced increased pressure to recapture revenues. Despite all this, Artificial intelligence
2021: Get set for a year of more Digital and more Artificial Intelligence Read More »
