If your organization has hundreds and thousands of contracts flooded around you, I am sure you would miss tracking at least one key obligation out of 100 contracts. This can be due to a lack of reporting abilities in your in-house contract repository system or you never extracted the key elements from your legacy and […]
Read More →The analysis is the process of breaking a complex topic or substance into smaller parts to gain a better understanding of it. When we talk about ‘contract analysis’ plenty of questions come to mind – does it refer to the financial analysis of a contract or it is about cost-effectiveness, business analysis, or maybe price […]
Read More →We discussed the meaning and objectives of obligation tracking in the previous post, in this post we will discuss how effective the process of automation in tracking can be and how Brightleaf holds an edge over other automation tools enabling it to achieve unparalleled excellence. Before we begin to explain the application of artificial intelligence […]
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 […]
Read More →In my earlier blog, I had given 5 steps to choosing a CLS. Not all CLS’s are created equal. You may first want to see what you require to manage your contracts. What salient information do you really have in your legacy agreements? How does it vary? What’s important to you? Do you want to […]
Read More →In my last blog, I mentioned how current laws have not kept current with advances in technology. Let’s now focus on how new technology is playing an increasingly important role in Big Data. In the corporate world, timely, accurate, and secure access to critical business information is crucial to success. But there is so much […]
Read More →Why would anyone take the time, effort, and all the lawyer fees to negotiate and draft detailed, often complex contracts and agreements with vendors, suppliers, and clients, only to file them all into a drawer, never to be looked at again? We at Brightleaf see it all the time. We believe that contract management through […]
Read More →As part of our contract intelligence launch, we just published a new white paper entitled “Automated Contract Abstraction – How new technology enables fast, affordable contract abstraction”. We’re getting a lot of kudos from readers. Check it out: Contract Abstraction It teaches how automated contract abstraction helps keep contract management systems up-to-date; reduces risk by […]
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