Contracts are an integral part of any business relationship and staying on top is critical. Automated abstraction gives legal, contracts, and procurement professionals the ability to efficiently and cost-effectively abstract key information from their contracts and improve how they manage contractual obligations. Contract abstraction simply means extracting important data points which include clauses, dates, meta-data […]

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Manual Summarization This is the most common and traditional way of summarizing contracts; it is best suited when summarization needs close attention of 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 […]

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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 data extraction from contracts. […]

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Blockchain is the technology that runs behind bitcoin the first digital cryptocurrency. It is a distributed public ledger that is used to record transactions across many computers so that it can’t be altered without the modification of all subsequent ledgers and consensus of the network. Blockchain is a decentralized, peer to peer, immutable storage network […]

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CPQ software is quickly gaining traction in the business world as it illuminates fair prices for products. CPQ is used to help companies to keep prices in line with the current conditions. At its core CPQ software deals with the three core operations “Configure, Price, Quote” for controlling the prices of a company’s product. C […]

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Contract Lifecycle Management is no longer a “nice to have” initiative, but rather a “need to have” business practice. With a direct impact on both revenue and expenses as well as the risk profile of a company, many businesses have an elevated interest in implementing automated solutions. The efficiencies introduced by an automated contract lifecycle […]

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In our previous blog we talked about the CCPA “California Consumer Privacy Act” the data protection compliance which is coming into effect on Jan, 1, 2020. The act is modeled after the GDPR “General Data protection Regulation”. People who are aware of GDPR will see similarities with the CCPA compliance. Both of these compliance CCPA […]

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Prioritize- set your priorities, knowing things makes it easier to focus on the right information. Set your score points to quantify the vulnerability of risk and its impact on business. This will set your priorities for business activities, financial activities and other facets. Regulatory alerts – Making a clear summary of what needs to be done; deadlines, […]

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We are aware of the GDPR compliance which was implemented for the protection of the European citizens. Now comes another act in data privacy – the California Consumer Privacy Act, signed on June 28, 2018, by Governor Jerry Brown. The CCPA intent is to protect California consumers rights so that there is privacy and transparency. […]

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Artificial Intelligence is fast becoming an essential part of the technology industry, helping solve many challenging problems. AI is the ability of making a computer program or software to think smartly in an intelligent manner as like humans think. It revolves around the use of algorithms, a set of defined instructions that a mechanical computer […]

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