CLM Archives - Trakti

The importance of contract automation and its benefits for a business

on January 30, 2023

Contract Management is a crucial step for any business and represents the key link between strategy and execution plans. Contracts are the most cardinal documents for each type of company, beyond its size and its industrial sector.
Managing contracts in a proper way can make a difference by providing organisational support and driving major improvements to the business’ goals without upending the strategy.
Contracts automation platforms can transform Contract Lifecycle Management.

Reading time: 4 minutes.

5 Fricrtion points that are killing your contracts

Eliminating friction points in contracting

on September 20, 2022

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.

Reading time: 3 minutes

5 KPIs to measure for a successful CLM

on September 10, 2021

Companies with intensive CLM activity regularly oversee agreements between their organization and other parties. As such, they need to measure results on an ongoing basis. For this reason, they depend on contract management KPIs to align goals, develop the right metrics, and watch the CLM closely. However, these indicators need to be smart and consistent to keep in check those that are relevant to your operations.
To improve your company’s profitability and performance, there are 5 KPIs to measure for a successful CLM

Adozione degli smart legal contract: a che punto siamo in Italia?

on May 3, 2021

La Blockchain sta modificando il modo in cui si fa impresa, e anche in Italia le tecnologie DLT (dei registri distribuiti) iniziano a fare gola alle PMI – tra le top three motivations, la gestione dei contratti. Ma allora perché siamo ancora così legati alla carta stampata? In questa analisi parliamo del contesto legislativo italiano in termini di smart contract, e di ciò che rende l’ adozione degli smart legal contract più sicura dei contratti tradizionali.

Tempo di lettura: 5 minuti, Photo by Austin Distel,Tingey Injury Law Firm, Kelly Sikkema on Unsplash

Trakti negoziazione fornitori Arisa Chattasa

Lotta degli standard contrattuali: come gestire il processo di negoziazione con i fornitori?

on March 2, 2021

Una delle fasi fondamentali durante la creazione di un contratto con un nuovo fornitore è il processo di negoziazione. Negoziare termini e condizioni prima di firmare l’accordo è infatti essenziale per intraprendere una collaborazione soddisfacente e in linea con le proprie esigenze.

Ma come gestire il processo di negoziazione con i fornitori al meglio? Che fine fa il processo di negoziazione se il nuovo fornitore vi invia una mail con il suo template contrattuale non editabile? Scopriamolo insieme!

Reading time: 4 minutes,Photo by Arisa Chattasa on Unsplash

1 solution, 5 benefits: track trace and automate your contracts with Trakti

on February 2, 2021

Why is technology important when talking about contracts? Well, because you want your business to be up-to-date, you want to have both enthusiastic clients and employees and most of all you want a growing quality company. To achieve these goals, you need to make procurement smarter, faster and more transparent. In other words, you need a Smart Contract Lifecycle Management (SCLM) solution to track trace and automate your contracts.

There is more than a reason you should switch to a smart legal contract management solution, and we are going to analyse all of them in this article!

Tempo di lettura: Photo by aaron boris on Unsplash

Trakti Client Onboarding automation Jean Gerber

How to quickly activate client onboarding automation for your business

on February 1, 2021

When does your client get the first impression of your business? Let me answer for you: the real impression begins when the client has started to do business with you. In this crucial phase you must not fail or be caught unprepared.

Client onboarding automation is complex and must be performed in compliance with rules and regulations, maintaining control of processes, and protecting data and information.

Tempo di lettura: 3 minuti, Photo by Jean Gerber on Unsplash