All posts tagged Automation
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
Read more
Contract automation is the use of technology to handle the creation, negotiation, approval, execution, and management of contracts — replacing manual, paper-based processes with digital workflows.
But here’s what most definitions leave out: true contract automation doesn’t stop at the signature.
Reading time: 10 mins
Read more
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
Read more
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.
Reading time: 2 min
Read more
In the financial landscape, operational resilience is no longer an accessory element but an essential requirement to ensure continuity, trust, and organizational solidity. With the introduction of the Digital Operational Resilience Act (DORA), European companies in the financial and fintech sectors must face a profound change in the way they manage ICT risks and third-party providers.
In this context, Trakti emerges as the solution that allows companies to transform a complex regulatory obligation into a simple, automated, and compliant process.
Reading time: 4 minutes
Read more
Today, corporate sustainability is a concept that is rooted in a conscious and ethical approach to capitalism.It embraces the idea that when value is created to be shared with all stakeholders, the long-term benefit of the company can be maximized. The rise of this concept and the integration of various environmental, social, and governance factors into decision-making are two of the most significant factors that have changed the way businesses operate.
Reading time: 3 min
Read more
Blockchain technology is today considered the most extreme frontier of dematerialisation. Blockchain and Smart contracts show potential, especially in the simplification and optimisation of contracting processes. When a process becomes fully digitised and automated in a transparent and immediate way, the opportunities for various industries increase.
And more: when blockchain, smart contracts built on it, and decentralised oracles come together, you achieve not just the simplification of the entire process, but even solve the issue of data transparency, optimising the cost of your contracts and your leads at the same time.
Read more
