Meta-Data

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 […]

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 […]

2020 was an extremely challenging year for industries. Everything went virtual, customers have shifted from physical stores to online portals for daily needs, and people meeting, learning, exercising, and even dating have gone virtual. Cloud computing has come a long way in providing organizations with better and more efficient ways to manage their businesses. COVID-19 […]

Contract metadata extraction It is key to successfully mitigating your risks, managing your obligations, and even finding money! What if there was a penalty clause that you had forgotten, and could result in imposing performance penalties that would be due? What if your vendor had a reporting obligation, or an obligation to decrease your costs [...] 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 […]

A General Counsel’s role is no more giving legal advice to the company, it has evolved more than this. They need to make the business model as resilient and flexible as possible. As a company grows the number of contracts also grows. It becomes very important for a GC to spend time analyzing the company’s […]

Manual Summarization This is the most common and traditional way of summarizing contracts; it is best suited when summarization needs close attention from a legal expert to provide detailed and tailored results. It can be undertaken immediately with the help of an in-house legal expert. This is an easy and valuable way of summarization when […]

The term “Migration” is used, sometimes loosely to describe getting contracts out of an existing system, or even file folders, into a CLM system. Contract Migration is the process that takes documents from older systems and puts them into a newer system. Scan – Scan the documents from paper to a file on a computer. […]

OUR THOUGHTS

Category: Meta-Data

Legacy Contract Data Extraction: Software, Manual or Both?

Tech trends for legal departments

Embrace contract management with cloud technologies

Reimagine your business with contract metadata extraction

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

GCs to completely rethink the approach to manage contracts

Understand different ways to do contract summarization

All you need to know about the contract migration process