CEO Blog 5: I have 300k documents! What do I migrate into a new CLM system?
Again, a frequently asked and pertinent question This is the fifth of a ten-part series on contract migration and related data extraction, which will help your legal teams gain a better understanding...
View ArticleCEO Blog 6: How do I prepare my legacy documents for ease of migration into a...
The larger the company, the more the contracts – that is a given. The larger the company, the more divisions. The larger the company, the more these divisions work in silos. All companies run on...
View ArticleCEO Blog 7: I want to know if my contracts are risky. How do I do that?
Aaah – a loaded question. There is much talk about software telling you if there is risk in your contracts. Well, what is a risk to you? That would be different than a risk to another company or...
View ArticleCEO Blog 8: What are the best practices for legacy contract migration/data...
Not sure where to start? We’ve curated the best legacy contract migration/data extraction practices to get you started It’s important to cover the best practices, partially covered in the previous...
View ArticleCEO Blog 9: How do I extract contract obligations? And what do I do with the...
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...
View ArticleCEO Blog 10: Legacy contract migration/data extraction
Welcome to the Brightleaf CEO blog series on Legacy Contract Migration/Extraction. Explore why your business needs to extract and migrate its legacy contracts. Companies that are embarking on getting...
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Transforming contract management process with NLP
As per a study by the Institute for Supply Management, a typical Fortune 1000 company manages anywhere between 20,000 to 40,000 active contracts at any given time. Additionally, there are legacy...
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What are legacy contracts and approach to manage
Upgrading your data extraction technology is tough and comes with lots of questions. If you have a CLM system or are preparing to buy one, have you analyzed the importance of the information hidden in...
View ArticleReduce risk by unleashing contract insights
Companies often struggle to keep all their contracts in a central place with the goal of making them accessible to the appropriate people throughout the company. Oftentimes, new contracts are...
View ArticleBusting the myths around investing in a CLM Solution
Invest in a CLM Solution: You say why? We say why not Every contract can be different and it usually is. Clauses can be expressed differently in different words and acronyms – even misspellings can be...
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