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

Read More →

Contract Lifecycle Management (CLM) systems are the need of time. The very importance of these systems is that they allow users to centralize contract storage and management, plus aid in the creation of new ones that fully comply with the company’s policies and requirements. Also keeping your contracts in these systems helps in enabling the […]

Read More →

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 […]

Read More →

Regulation is an official way of doing the things made by an authority which consists of a set of rules and trends. It is normally defined as legislation imposed by government authorities on individuals, firms private or public to regulate and amend economic factors. Compliance in law Compliance means following rules and regulations as prescribed […]

Read More →

Contract life cycle management systems (CLM) allow users to centralize contract storage and management, plus aid in the creation of new ones that fully comply with the company’s policies and requirements. This breed of systems provides all of the features of a CMS but add workflows to request, author, negotiate, approve, present, execute, manage obligations, […]

Read More →

Organizations, be small or large, manufacturing or technology, product based or service based when doing business with their suppliers or customers need to put their commitments in writing to avoid any confusion or overlooks. Here comes the need for a contract, a written document that comes with a legal binding to render services promised to […]

Read More →

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

Read More →

Organizations use and need legal contracts to transact business, but it is only when they are managed in an efficient way do they really make business effective. It is therefore imperative to have a system that can store and recall not only the contracts but also the critical and key elements of any contract. Success […]

Read More →

There can be multiple contracts strewn across various parts of an organization, and even if they are collected and housed in a central repository, the key information in these contracts remains buried away. Brightleaf understands that companies are primarily run by contracts, buy side as well as sell side, and having access to them, including […]

Read More →

Having a Contract Lifecycle Management (CLM) system in place is only effective if it contains the essential information in an accessible format. The CLM is not an end in itself but a means to an end, in that it can provide the essential information on demand, or triggered by a previously flagged event/activity, but to […]

Read More →

Leases are contracts that control the right to use something for a consideration, and companies use them to benefit from plant and equipment as well as to provide customer facing services. With the new FASB rules, how contracts are accounted has changed, therefore there is a need to identify the essential attributes of your leases […]

Read More →

Mitigate your risks by managing your contracts. Every upside has a downside somewhere and when it’s a hard obligation in a contract it is essential to know about it so you can manage it on time. Risks can include penalties, overcharges, under-billing, and being late. All can hit the bottom line, destroy a dependent contract […]

Read More →

Transforming contract data, that is on paper into searchable attributes for inquiry and reporting is time consuming and often error prone. Now this can be done using clever technology with experts verifying the end results. Brightleaf is one such company using its own process, people, and technology to provide data at: a) 99.999% (Six Sigma) […]

Read More →

21st century manufacturing relies on technology and just-in-time delivery to optimize cost control and profitability. Managing the logistics of raw materials and component parts inbound, managing reliability (maintenance) of manufacturing and delivery equipment and delivering outbound efficiently is all bound up with contracts. Reducing lead times, inventory carrying, production down time and wastage are essential functions. […]

Read More →