Corridor Company and Brightleaf to leverage adjacent technologies to provide complete visibility into key contract terms and obligations.
Wakefield, Mass. (PRWEB) October 20, 2015
Corridor Company, Inc., the leading provider of contract lifecycle management software powered by the SharePoint and Office 365 platforms, is pleased to announce its partnership with Brightleaf Solutions, Inc., a technology and services company focused on mining key contract information from structured, unstructured and text-based documents.
Corridor's Contract Management App for SharePoint -- CM[.app]™ -- helps contract managers, procurement professionals, attorneys and executives manage contracts across their entire lifecycle, from pre-execution requests and approvals to post-execution management of obligations and renewals. With a secure, permissioned repository for contracts and metadata, CM[.app] allows business users to manage workflow, search and reporting, and obligation-related tasks based on contract metadata and the needs of the business.
Brightleaf’s software solution automates the process of abstracting contract information from both current and legacy contracts. With exceptionally high accuracy, up to six sigma standards, contract information can be loaded directly into Corridor’s Contract Management Application, eliminating the need for lawyers or expensive outside firms to locate and capture key provisions and obligations.
By coupling the complimentary solutions, clients have complete control of their contract lifecycle – from contract creation to the management of contractual obligations. Contracts can be readily created and managed and key contract terms and obligations for both current and legacy contracts are efficiently captured and managed.
“When one deploys a contract management solution, extracting data from thousands of contracts is a huge hurdle,” said Russ Edelman, CEO and President of Corridor Company. “By working with Brightleaf, Corridor makes deployment far easier and less costly because we can offer far more efficient, accurate ‘legacy load.’ Our customers can enjoy all the benefits of CM[.app] across not just some, but every one of their contracts. This delivers higher value to the executive management team as well as those involved in the contracting process as soon as the system is enabled for use.”
“Brightleaf’s high quality, automated abstraction of the terms, provisions, and obligations from executed contracts works seamlessly with Corridor’s CM[.app],” said Samir Bhatia, CEO of Brightleaf Solutions, Inc. “This allows users to work within CM[.app] to track these attributes and related contract metadata to manage risk and even find hidden revenue once extracted using Brightleaf’s solutions. Often times, penalty clauses and responsibilities are forgotten by each party. Extracting this information from their contracts has enabled clients to find millions of dollars they had missed.”
About Corridor Company
Corridor Company is committed to continually evolving our software product line to meet the challenges of contracts and their proper management. With a business application platform that readily provides solutions for Contract, Proposal and Supplier Management, Corridor's end-to-end solutions enable customers to create contracts and proposals more efficiently, manage all processes more effectively, and ensure that revenue, profit and compliance are all fully optimized. Corridor's flexible licensing model, supporting implementation packages, and delivery options which include on premises, in the cloud, or Office 365, ensure a solution tailored to fit the needs of companies, including global enterprises. To learn why global to mid-sized clients choose Corridor as their Contract Management partner, visit http://www.corridorcompany.com.
781-229-9933 ext 15
About Brightleaf Solutions, Inc.
Big data, Business Intelligence, and data driven decisions are having a profound effect on U.S. business operations, becoming a $143B market in 2016. Brightleaf’s vision is to accelerate this adoption with technology that overcomes the challenge of mining important information from unstructured, text-based documents and making it accessible.
With an initial focus on executed legal contracts, Brightleaf opens new doors for companies to manage risk, ensure regulatory compliance, meet customer obligations, and get meaningful insight into their customer, partner, and vendor behavior.
VP Sales, Brightleaf Solutions, Inc.
(888) 489-1800 x601
Brightleaf Solutions, Inc.
1600 Beacon St. Suite 211
Brookline, MA 02246
Brightleaf Solutions – India
Technopolis, 5th Floor
DLF Golf Course Road, Sector 54 Gurgaon – 122002
Brightleaf Solutions – India
17, Sadanand Society
For the original version on PRWeb visit: http://www.prweb.com/releases/corridor-brightleaf/access-to-contract-data/prweb13031128.htm