In the business world, there is always scope for improvement. Many companies worldwide are adopting process automation as a key strategy to stay ahead in the run. This is especially true when it comes to contracts.
But what is contract automation and why you need it?
Every business has some sort of contract management process; a series of steps that encompass the management of an organisation’s contracts from initiation through to execution, storage, and renewal or expiry. At one end of the spectrum this process is completely ad hoc, whereas more sophisticated organisations spend time understanding how fit-for-purpose contract management software can be leveraged to drive competitive advantage.
Le aziende si affidano ai contratti per stabilire le basi dei loro rapporti professionali e per definire le procedure da adottare. Le tipologie di contratto oggi possono essere molteplici e variano a seconda delle diverse categorie coinvolte. Per le persone comuni, in genere i contratti sono accordi che consentono alle imprese e ai singoli d’incontrarsi e di collaborare per definire esigenze e bisogni specifici.
As procedures become more digitised, how to build secure, and digital business agreements it’s become nowadays a widely discussed topic. Smart contracts are the ideal platform for business innovation and to enable sustainable business models. They are legally binding contracts, in which some or all of the obligations are recorded in and/or performed automatically by a computer program.
Differently from traditional contracts, they are self-executing and self-enforcing and often can be deployed on distributed ledger technology, such as blockchain where data is stored on a public database, and cannot be changed. The transactions can be sent automatically without a third party to deal with the verification and enforcement of the contract.
La pandemia ha spinto molte aziende ad abbracciare nuove tecnologie. La tecnologia blockchain, in particolare, contribuisce all’innovazione delle imprese nella gestione dei contratti e per eseguire, tutta o solo una parte, degli accordi legali.
Gli Smart Contracts sono dei contratti digitali, memorizzati su una blockchain che ne garantisce trasparenza ed immutabilità: ogni transazione viene resa pubblica in un database condiviso e i blocchi sono protetti da crittografia.
When you manage a team of sales reps, your compensation structure is responsible for the success rate of your team. But sales targets aren’t everything and the relationship that your agents can nurture with clients is just as important for your brand.
The answer is not always simple – should you offer bonuses or commissions for high customer retention rates? Does a fixed salary or variable compensation make the most sense for your team?
La fase di onboarding dei candidati deve facilitare il processo di qualificazione e integrazione per il neo assunto e permettergli di allineare i propri obiettivi professionali alla mission aziendale, ottimizzare le performance, e allineare gli incentivi ai risultati che nel breve, medio e lungo termine dovra raggiungere. L’onboarding dei candidati può diventare efficace ed efficente con la Blockchain e gli Smart contract ma va ben pianificato.
Most of our actions and decisions involve others, inside and outside any organisation. The best solutions come from working together and the pandemic caused many people to appreciate the extent of our interdependency. Establishing a win-win collaboration framework would increase communication and clarity within a network and with suppliers.
Developing a solution together, based on shared input and mutual respect, generates a collaborative environment that simplifies coordinating and reconciling multiple opinions. Different groups and functions typically reflect different interests, and rarely organisations speak with one voice.