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Getting all your contracts into a Contact Management System means you can manage your contractual obligations and risks. To do this you need reliable information that is both accurate and comprehensive in the database. Any error, such as a different multiplier in a penalty clause, a wrong expiry date or just a missed and not […]

When you go into a contract management system, from what point in time do you start entering contracts? Most think from today because legacy contracts are too difficult. But that can expose you to risk and lost opportunity. Every contract is important, especially if it contains opportunity or risk. Older contracts have the same essential […]

The larger the company, the more the contracts – that is a given. The larger the company, the more the divisions. The larger the company, the more these divisions work in silos. All companies run on contracts – buy side and sell side. How can you organize all the contracts? One way is to put […]

The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) intended to improve financial reporting about leasing transactions. The ASU affects all companies and other organizations that lease assets such as real estate, airplanes, and manufacturing equipment. The changes are significant and follow on the heels of similar international guidelines recently announced […]

Mesmerizing words like big data, data visualization, business intelligence… we have been hearing and using these words quite frequently in our day-to-day conversations. And why not? After all, this industry is one of the fastest growing. With so much new information flowing into virtually all businesses via different sources – online visitors’ engagement on company […]

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 […]

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 […]

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 […]

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 […]

The ultimate goal of automating the contract management process is to lessen the business and reputational risks of corporations by ensuring they comply with the terms and conditions of every contract. Most importantly, automated contract management enables corporations to foresee their rights and obligations, and thus prevents future litigation and its cost. Automated Contract Management [...] Read More

Our Thoughts

What Six Sigma really means in contract attribute extraction for Contract Management Systems

The wisdom of capturing all your legacy contracts, not just those from today forward

How to Organize Your Contracts

It’s been years, but now, finally!

Unlocking effective implementation of BI initiatives

Is it a lease? New rules from IASB

FASB Rule Changes for Lease Accounting

Boston’s big technology win

Find money in your contracts

Automated Contract Management