The International Accounting Standards Board (IASB) just issued its new rules on lease accounting, and in the U.S., the Federal Accounting Standards Board (FASB) is about to do the same. The biggest change by IASB is for lessees, no more with there be operating leases separate from finance leases. All leases go on the balance […]
Read More →If you’re involved in any form of leasing, you are undoubtedly aware that there’s a huge change underfoot in how leases are accounted for, both by the lessor and the lessee. On Jan 13, 2016, the International Accounting Standards Board (IASB) issued the long-awaited lease accounting standard that it has been developing for over a […]
Read More →I almost expected to see dancing in the streets when the news got out: General Electric is moving its headquarters to downtown Boston. This Fortune 500 company (#8 on the list), with $149 Billion in revenue wants to become more of a technology and software company which fits very nicely in with Boston’s position as […]
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 →Corridor and Brightleaf’s webinar Incorporating a Migration Strategy into a Contract Management System Initiative was a big success! We had great attendance and wanted to make sure that the information shared by our speakers was made available to those that could not make it. We covered a lot of ground in 45 minutes including the […]
Read More →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. On top of that, technology is driving globalization, and the resulting geographic ‘spread’ of business is increasing. This means […]
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 →These days, technology is an integral part of just about everyone’s life both at work and at home. And that’s certainly true for lawyers. Count how many times an attorney uses pen and pencil these days while drafting an agreement. Almost none, right? They log in to the laptop, finish the drafting to complete a […]
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 →Here at Brightleaf, we pride ourselves on being excellent communicators. It’s a critical component in our approach to delivering exceptional customer service. Most importantly, we are mindful of it both when working directly with clients and reviewing or discussing projects internally. We asked Sajith, an Assistant Project Manager in our Pune, India office, how he […]
Read More →We LOVE this short, 3 ½ minute video where Mark Shilling, a principal at Deloitte Consulting LLP explains what he calls “amplified intelligence” as the next evolutionary step in putting analytics to work. He explains how companies need to shift from sensing, responding, and reacting to historical information and instead being predictive and proactive. It’s […]
Read More →“Big Data” refers to the great stream of information in the world economy, increasing every day, which gives rise to the need of storing, analyzing, and management of such data. What has brought about this trend? It’s simple, what used to be considered only a part of business intelligence has established itself as a unique […]
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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