Digital Collaboration

No code platform for contract management

on September 14, 2022

No code platforms have been gaining traction. In fact, a no code platform for contract management is an essential part of the strategy that reduces cost and drives internal efficiency at scale.

AI is a trusted ally when it comes to replacing repetitive tasks that cause errors, dropped handoffs and wasted time — and no code/low code platforms are the way to do it.

With IT teams occupied with system maintenance and security work, companies are turning to no code platform automation to meet their day-to-day requirements.

Reading time: 4 minutes.

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Sarah GiannelliNo code platform for contract management

Why you should digitise your contracts in 2022

on September 9, 2022

The slow but steady move towards web3 means organizations face a host of unprecedented challenges when it comes to digital transformation. With more and more operations and services moved to the cloud, it becomes all the more important for organizations to adapt their internal processes and tools to the new situation, such as digitising contracts.

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Sarah GiannelliWhy you should digitise your contracts in 2022

Mental health and contract management

on September 6, 2022

A project always starts with a signed contract detailing all expectations and deliverables in order to have the outcomes of the project. But due to the complexity of paper-based contract management, this process can be viewed as a full part of project management.

For companies that interact with multiple parties on a day-to-day basis or those with large projects, mental health and contract management go hand in hand. One wrong contract means delays in shipping, stocking or payment and can really affect risks management, performance maximization and communication management.

Reading time: 6 minutes.

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galinaMental health and contract management

Come gli smart legal contract possono aumentare le vendite

on August 30, 2022

Se chiedete a chiunque nel mondo sales quali sono i suoi punti dolenti, probabilmente vi parlerà di tutto processo di vendita (funnel) e gestione della firma. Aggiornare, monitorare e gestire gli elenchi è attualmente un’attività che richiede molto tempo, inefficiente e che porta a commettere errori sia per i fornitori che per gli acquirenti. Allo stesso tempo, il minuzioso processo di gestione dei firmatari è essenziale per stabilire e mantenere relazioni commerciali, per non parlare della conformità. La soluzione sono gli smart legal contract.

Tempo di lettura: 3 min

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GiuliaCome gli smart legal contract possono aumentare le vendite

Clienti più felici, onboarding contrattuale semplificato

on August 22, 2022

Molte aziende sottovalutano l’importanza del processo di onboarding dei contratti. Il 22% delle aziende dichiara di non avere ancora introdotto un programma strutturale di onboarding al suo interno, mentre il 49% di averne adottato uno ma attivo solo in parte. Un processo di onboarding non completamente attivo, può rivelarsi una scelta devastante per le imprese in grado di incidere sulla produttività dei tuoi dipendenti, aumentare il loro livello di stress non facilitando la connessione tra tutto il team di lavoro,  e spingendo inoltre i clienti a scegliere la concorrenza.

Un processo di onboarding semplificato dei contratti invece incrementa il coinvolgimento dei clienti e si rivela vantaggioso sia per i nuovi clienti, sia per quelli esistenti, sia per i manager di un’azienda.

Tempo di lettura: 3 min

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Sarah GiannelliClienti più felici, onboarding contrattuale semplificato

Roadmap to digital transformation: a new approach to contract management

on August 8, 2022

Technology innovation is driving businesses to transform the traditional way of work into faster and more efficient processes. A business transformation process consists in changing the processes, the systems, and the technology adopted, to achieve measurable improvements in efficiency, effectiveness, and stakeholder satisfaction. 

Business Process Automation, also known as digital transformation, can accelerate impact across the business in a strategic and prioritised way, by introducing digital technologies. According to McKinsey, digital transformation helps to achieve 20% to 50% economic gains and a 20% to 30% increase in client satisfaction.  Due to such advantages, the digital transformation market is growing quickly.  Based on Zion Market Research, the Global Digital Transformation Market is valued at $374.8 Billion in 2020 and is projected to reach $889.8 Billion by 2028.

Digitalization can improve a business’s processes, providing new methods and opportunities.

Reading time: 5 minutes

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Sarah GiannelliRoadmap to digital transformation: a new approach to contract management

Five great articles for your summer!

on July 25, 2022

September is just around the corner, and you want to return to work after a well-deserved break, fresh and recharged.

We are happy to suggest a list of articles for your summer that have received the most comments and appreciation from Trakti community. Please find them below.

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Sarah GiannelliFive great articles for your summer!