Revisiting your contracts
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 attributes as new ones and can be leveraged in the same way. And the economics are about the same for data extraction, so it is worthwhile to include them. Most legacy contracts have a maturity and in capturing them the risks and opportunities that have been avoided (or not) to date could be fixed and even renegotiated if it is appropriate. With Brightleaf’s semantic extraction system you can include all your contracts, including all the older legacy ones, and fully avail yourself of the opportunities in them while having the knowledge to avoid any downside risks.