Giulia

The future of contracts: Trakti evolves

on November 11, 2022

Trakti felt the need to radically renew its design, inspired by its own values of innovation, efficiency and process simplification. After almost a year, we are ready to present a new graphic design for the brand, with a unique, personal and recognisable style.

Reading time: 4 minutes.

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Managing uncertainty in contracts with a shared approach

on May 17, 2022

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.

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Schrems II: The right tools to respond

on May 5, 2022

As we all know, Schrems II decision has forced businesses to revisit the way they approach international data transfer.

The European Court of Justice declared the EU-US Privacy Shield – an international agreement between the EU and the US with requirements to ensure an adequate level of protection of personal data exported to the US- invalid. According to the Court, US laws had several shortcomings that impede the protection of personal data and violates the GDPR. The judgment did uphold the use of Standard Contractual Clauses (SCCs), however, it cast some doubt over this method of transferring personal data outside the EU. 

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Designing for contract automation – simplification and relational contract

on April 13, 2022

The reasons for automating contractual processes or workflows are many but even more numerous are the reasons for implementing simplified and relational contracts. 

Simplification and relational contract allows new relational models and more effective and efficient performance require the adoption of innovative technologies. In an era where businesses increasingly have to depend on their suppliers to lower costs, improve quality, be compliant, respond quickly to changes, traditional contracts don’t work.

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