Data extraction | Brightleaf Solutions

Contract metadata extraction is a 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 […]

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 […]

Big data is an extremely large set of data that primarily consists of three characteristics volume, velocity, and variability which require storage, interpretation, and analytics to figure out the meaning. Here, data sources could be anything like social media comments, tweets, sensors, health records, smartphones, and on and on. Deep down this data has a […]

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 […]

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 […]

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 [...] Read More →

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. […]

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 […]

The ultimate goal of automating contract abstraction 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 Abstraction Puts pertinent […]

Contracts carry an enormous amount of information, and knowing what has been committed in past can drive better future business decisions. Many of the contracts contain hundreds of important, actionable obligations which need to be closely tracked and managed. Legacy contract migration into a CLM is the way that can yield benefits from having a [...] Read More →

To gain increased and immediate benefit from contract management systems, it is important to extract and load metadata from legacy agreements. But many find that process costly, complicated, and time-consuming. So what is the best answer? “Join Brightleaf and IACCM’s joint webinar on Overcoming the challenge of legacy agreements” Click here to register Date: September 20, […]

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

Category: Data extraction

Reimagine your business with contract metadata extraction

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

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

Extract business insights from your big data

GCs to completely rethink the approach to manage contracts

Why the hybrid solution is better than owning software for contract data extraction

Contract abstraction: Reduce cost while improving your contract functioning

Why there is a need for implementing a CLM solution?

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

A New Era for Contract Management – Automated Contract Abstraction

Why and how to migrate your legacy contracts

Challenges in migrating legacy agreements into a CLM system

Automated Contract Management