Compliance

All posts tagged Compliance

Why are digital signatures important for contract compliance

on March 18, 2025

It’s safe to say that not many suppliers, if any, like receiving paper contracts and processing a bunch of paperwork. And once that paperwork is filled out, staff has to scan or manually enter information from those paper forms. It’s inefficient and time-consuming, and it’s why more and more companies are using digital signatures for contract compliance.

With e-signatures and digital forms, businesses can electronically fill out the forms at their convenience, and data is sent to the supplier automatically, so no more paperwork is necessary.

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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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Trakti How to conduct KYC checks (properly)

How to conduct KYC checks (properly)

on November 7, 2022

KYC and related processes such as Anti Money Laundering and identity fraud controls are one of the main challenges that companies and institutions are facing at the moment. 

These procedures are timely and expensive, and many businesses have had to update the way they conduct KYC as they could not rely on the standard methods they had adopted.

Luckily many innovative solutions exist to make the whole thing much quicker. And less expensive. All this while connecting to international databases and making it part of an automated stream for customer and supplier onboarding.

Reading time: 4 minutes.

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How to manage cost of compliance in 2021

How to restrain cost of compliance in 2022

on January 17, 2022

When two years ago Thomson Reuters Regulatory Intelligence asked financial-services firms which was the greatest compliance challenge they expected to face in 2020, most of them answered “keeping up with regulatory change”. 

Compliance became a thing soon after the 2008 financial crisis, and regulations have been changed many times since then. Thus, companies have been struggling to allocate the budget appropriately to face the increasing cost of compliance.

What is the next step?

Reading time: 4 minutes.

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Trakti Compliance

Increase sales compliance through contract automation

on December 3, 2021

Blockchain has the potential to fundamentally change the way organizations do business.

In the retail sector, blockchain is finding a lot of applications: from revolutionising loyalty programs and digitising product warranties to potentially allowing for the development of peer-to-peer marketplaces that could compete with the likes of eBay or Airbnb. 

Let’s see how increase sales compliance through contract automation …

Reading time: 4 minutes. Photo by Cam Bradford on Unsplash

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How smart legal contracts can improve sales

How smart legal contracts can improve sales

on August 24, 2021

Ask anyone in the business world about their pain points and you’ll likely hear: sales and signatory management. Updating, monitoring, and managing lists is currently a time-consuming, inefficient, and error-prone activity for suppliers and buyers alike. At the same time, the painstaking process of proper signatory management is essential for establishing and maintaining business relationships, not to mention for ensuring compliance.

Reading time: 4 minutes.

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