CLM - Brightleaf Solutions, Inc.

Why Brightleaf Goes Beyond Traditional CLM AI: Unlocking Deeper Contract Insights

In today’s data-driven world, Contract Lifecycle Management (CLM) systems often incorporate some form of Artificial Intelligence (AI) to streamline workflows. However, these built-in AI solutions might not always be enough to unlock the true potential of your legacy contracts. That’s where Brightleaf steps in. Limitations of Traditional CLM AI: Brightleaf: A More Powerful AI Approach […]

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CEO Blog 10: Legacy contract migration/data extraction

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

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CEO Blog 6: How do I prepare my legacy documents for ease of migration into a CLM?

The larger the company, the more the contracts – that is a given. The larger the company, the more divisions. The larger the company, the more these divisions work in silos. All companies run on contracts – buy-side and sell-side. When moving to a new enterprise or contract management lifecycle system no one wants to

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CEO Blog 4: Can AI software handle it all?

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

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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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Reduce risk by unleashing contract insights

Companies often struggle to keep all their contracts in a central place with the goal of making them accessible to the appropriate people throughout the company. Oftentimes, new contracts are negotiated, executed, then filed away (and forgotten) in a drawer, or in a file folder on the computer of the business person in charge of

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Transforming contract management process with NLP

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

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Why do we manage contracts?

To continue operating profitably is always the primary focus of any enterprise. In today’s competitive corporate environment, the ability to effectively manage contracts is essential to surviving in the marketplace and achieving success. At different points in our lives, each of us would have or will, without exception, sign a contract. However, have we ever

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How contract management software can help your sales team increase profitability?

Contracts are one among the difficult documents that ought to be evaluated befittingly, and if there isn’t a clear system for the solid review process in place the terms may be overlooked leaving a company in a weaker position. Across your business, whether in sales, legal, marketing, or vendor management, contracts help protect the company,

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Contract Lifecycle Management (CLM) is becoming a “need to have” priority for firms

Contract Lifecycle Management is no longer a “nice to have” initiative, but rather a “need to have” business practice. With a direct impact on both revenue and expenses as well as the risk profile of a company, many businesses have an elevated interest in implementing automated solutions. The efficiencies introduced by an automated contract lifecycle

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