Contract data extraction

Reimagine your business with contract metadata extraction

In today’s rapidly evolving business landscape, efficient contract management is a critical factor for success. Organizations of all sizes handle a multitude of contracts, each brimming with valuable data. Extracting this data, especially metadata, is a challenging and time-consuming endeavor. In this blog, we will take you on a journey through the transformative landscape of […]

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2021: Get set for a year of more Digital and more Artificial Intelligence

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

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Empower your contracts with Brightleaf new API integration for seamless contract management process

It’s important to be on top of your contracts and have all the relevant documents in place. It reduces the chance of missing the relevant and documents that are of high importance and saves time and effort on the documents that are not relevant. As a company growth graph moves upward, having a contract lifecycle

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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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Contract abstraction: Reduce cost while improving your contract functioning

Contract Abstraction A process of “abstracting” key dates, clauses, payment terms options, and other information from a contract into data useable by a Contract Management System. This provides a concise view and saves companies precious time and resources. Furthermore, through the utilization of contract abstraction services, documents are easier to read for non-lawyers since essential clauses

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Why there is a need for implementing a CLM solution?

Contract Management The role of contract management is evolving now. It’s not simply filing documents anymore; contract management entails understanding each facet of a contract’s lifecycle to extract purposeful insights. Business with contract lifecycle management efforts in place is able to serve their clients better, resulting in more revenue opportunities from existing and potential clients.

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Data extraction from contracts – in-house or outsourcing to a specialized firm

When clients are dealing with contracts or legacy contracts, NLP/AI technologies can be used to extract salient data points. This data is then loaded into a CLM (Contract Lifecycle Management System). Having good software for the extraction of data is essential, but it is not sufficient if any accuracy is desired. Why is accuracy a

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