Category: Obligation Management

CEO Blog 9: How do I extract contract obligations? And what do I do with the information?

April 27, 2022 Posted by

Obligations and rights in a contract! Typically, in a contract, there is no specific section with says “Obligations”. Obligations and rights are strewn throughout the contract. Obligations typically say things like “Party will do…”, “Party shall do…”. Rights are typically outlined as “Party has the right to audit….”, “Customer may extend the agreement…”, “Customer is entitled to terminate […]

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CEO Blog 3: Can I extract and track my business specific information?

February 9, 2022 Posted by
As part of the legacy contract migration/data extraction series of blogs, here is the 3rd one of the series. Can I extract and track my business-specific information? But of course! In fact, 30-40% of the information that Brightleaf extracts are our clients’ business-specific information. To give an example, for a Class 1 Railroad company, we [...] Read More →

Obligation tracking: Stay on top of all your commitments

December 29, 2021 Posted by

When people plan a contract management system, their immediate concerns tend to focus on finding their contracts and reporting on standard metadata, including contract owner, contract status, and renewal date. A centralized repository takes care of the first need. Configured reports set up for specific contract metadata address the second need. But beyond standard contract […]

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Manage your contract obligations

November 22, 2019 Posted by

What is a contract obligation? An obligation is a necessity, a bond, a guarantee; something that must be performed. Lawful wording stipulates the utilization of “will” and “should” to state firm Obligation in an agreement or a guideline. The expressions “will” and “may” are likewise used to demonstrate less strong duties, yet are nonetheless significant […]

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Qualified Financial Contracts – all you need to know about the final amended rules

May 15, 2018 Posted by

On September 01, 2017, the Federal Reserve Board (FBR) and the Federal Deposit Insurance Corporation (FDIC) finalized the amended rules for qualified financial contracts (QFC) of global systematically important banking organizations (GSIBs) and the US operations of non-US GSIBs. The new amendment concentrates on qualified financial contracts of covered entities, which include: • Swaps and […]

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Unlocking effective implementation of BI initiatives

February 18, 2016 Posted by

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 […]

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