The contract is signed. The real work starts now and most companies are not ready.
In many organisations, procurement teams treat contract signature as the end of the journey. The deal is closed, stakeholders move on, and attention shifts to the next sourcing initiative.
However, this approach ignores a critical truth: most contract value is created or destroyed after the contract is signed.
Reading time: 5 mins
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Artificial intelligence is often perceived as a tool for operational simplification. However, in the provision of services, AI does not reduce the liability of the company that uses or offers it: it expands its perimeter. Automating decisions, processes or assessments means introducing new sources of risk that must be governed on a technical, organizational and legal level.
Reading time: 2 min
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In the procurement cycle, the post-awarding phase represents one of the most critical moments and, at the same time, one of the areas with the greatest potential for improvement through the use of intelligent agents and advanced automation.
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Blockchain technology is undergoing a significant transformation, particularly with the advent of Layer 2 solutions. These advancements are crucial in addressing the scalability and efficiency challenges that have long been associated with blockchain networks, particularly in smart contract development. Layer 2 solutions are designed to operate on top of the base blockchain layer, known as Layer 1, to improve transaction throughput and reduce costs without compromising security. This article delves into the essence of Layer 2 technologies, their main features, and their impact on smart contract development.
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