The global community faces an unprecedented challenge: combating climate change and transitioning to a sustainable future. Innovative solutions are required to address this urgent issue, and digital technologies have emerged as powerful tools in the fight against climate change. Among these technologies, blockchain, web3, and regenerative finance have the potential to make a significant impact on climate action and support the decarbonisation of our world.
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Organisations have lots of business relationships dictated by contracts and their terms. While contract managers work diligently to keep track of contract terms, provisions, and obligations in a methodical fashion – there are additional solutions for contract management.
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In today’s rapidly changing and competitive market, procurement departments are under pressure to deliver value beyond cost savings. Companies are continuously looking for areas where they can improve the efficiency of their procurement process while making it more sustainable.
However, to achieve this, crucial decisions need to be made based on the right data and metrics; Tracking essential KPIs for procurement management is vital. While these metrics can vary from company to company, there are several fundamental procurement KPIs that should be considered, regardless of industry.
Reading time: 3 minutes.
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In today’s fast-paced world, automation has become integral to every business process. It has proven to be a game-changer for HR teams who can leverage it to streamline operations, save time, reduce errors, and improve productivity. By implementing automation, human resources teams can focus on more strategic tasks requiring human intervention, such as building employee relationships and improving employee engagement.
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The legal sector is often considered one of the world’s most complex and traditional industries. It is an industry steeped in tradition for centuries, with many practices that have remained essentially unchanged for decades. However, despite the long-standing practices, the legal sector has faced several issues that make it difficult to access for many people. This post will explore how blockchain technology can make the legal sector more accessible and how Trakti’s smart contract automation platform can help you achieve this goal.
The legal sector is traditionally known for being complex and expensive, with many barriers to entry. However, blockchain technology can make the legal sector more accessible, transparent, and efficient.
One of the key benefits of blockchain technology is its ability to provide a secure, transparent, and tamper-proof record of transactions. In the legal sector, blockchain can be used to store and manage contracts, ensuring that they are executed securely and transparently. Utilising blockchain technology can increase trust between parties, reduce the risk of fraud and errors, and streamline the contract negotiation and management process.
Trakti’s smart contract automation platform takes the power of blockchain technology to the next level, by providing a user-friendly platform for contract negotiation and management. With Trakti, you can create, negotiate, and execute contracts using smart contracts, which are self-executing and self-enforcing. This means that you can automate many of the processes involved in contract negotiation and management, saving time and money while ensuring that the contracts are compliant and secure.
Trakti’s platform also allows for real-time collaboration between parties, which increases transparency and reduces the risk of misunderstandings. Trakti’s platform also offers customizable templates and workflows, making creating contracts tailored to your specific business needs easy.
By utilizing Trakti’s platform, you can make the legal sector more accessible by reducing the barriers to entry for contract negotiation and management. Trakti’s platform is user-friendly, efficient, and secure, making it an ideal solution for businesses of all sizes. Whether you are a small business owner or a large corporation, Trakti’s smart contract automation platform can help you streamline your contract negotiation and management processes, increasing transparency and reducing the risk of fraud and errors.
Blockchain technology has the potential to make the legal sector more accessible by increasing transparency, reducing the risk of fraud and errors, and streamlining contract negotiation and management processes. Trakti’s smart contract automation platform takes the power of blockchain technology to the next level, providing a user-friendly solution for businesses of all sizes.
So why wait? Sign up for Trakti today and start experiencing the benefits of blockchain technology in the legal sector!
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Business requirements should inform every investment in new software and technological infrastructure. You don’t launch a new project, purchase a new piece of software, or develop a new process unless it’s in response to a core business need.
But understanding exactly what that need it can be a challenge in itself. It starts with learning how to align procurement with business requirements.
Taking the time to carefully identify, analyse, and document your core business requirements can lead to a smoother procurement process with an outcome that delivers measurable results.
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If you are following blockchain & bitcoin news closely, you must have noticed something about many billion-dollar companies, as well as Fortune 500 enterprises. They have officially jumped onto the blockchain bandwagon and are working around the technology.
There is a simple reason for this.
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