Contract management Archives - Page 2 of 6

Mental health and contract management

on September 6, 2022

A project always starts with a signed contract detailing all expectations and deliverables in order to have the outcomes of the project. But due to the complexity of paper-based contract management, this process can be viewed as a full part of project management.

For companies that interact with multiple parties on a day-to-day basis or those with large projects, mental health and contract management go hand in hand. One wrong contract means delays in shipping, stocking or payment and can really affect risks management, performance maximization and communication management.

Reading time: 6 minutes.

Innovation & Excellence Award 2022 di WorldCC

“President’s Award – Designing for the Future” at the Innovation & Excellence Awards 2022

on July 6, 2022

At Trakti, we are honoured to announce and share the prestigious recognition of special “President’s Award – Designing for the Future” at the Innovation & Excellence Awards 2022 received together with Leonardo, on the 23rd of June 2022 by Word Commerce & Contracting (WorldCC) in London.

Reading Time: 3 minuti.

Contract compliance in contract management and why it is important

on June 29, 2022

Establishing solid relationships with partners, vendors, and other actors is essential to your business. Since contracting and compliance go hand in hand, contract compliance in contract management is important and needs to be done right.

Reading time: 3 min

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.

Contract review: 5 things to check before signing a contract

on December 21, 2021

A contract review is a crucial step in the contract management process.

Before signing a contract, a contract review allows a full check of its clauses to avoid an unwary acceptance and the risk of committing to obligations that can’t be fulfilled.

Reading time: 3 min

Trakti ESG Strategy & Climate clauses: Why they are a must-have Photo by Markus Spiske from Pexels

How to embed ESG Strategy & Climate clauses in your contracts and why they are a must-have

on December 2, 2021

Even though COP26‘s outcome was not perfect, it is clear that we all have a responsibility towards our planet. And now is the time to act.

Individual citizens aside, the first ones that are able to make an impact in this area are companies, especially the ones that depend on a global supply chain network (for example) or a large ecosystem of suppliers and partners.

A clear and effective strategy for ESG has become a “must-have” for businesses.

Let’s have a look at the benefits of implementing sustainable business, climate clauses and obtaining green credentials…

Photo by Markus Spiske from Pexels.

How to create a contract template in 5 steps in Trakti

on November 17, 2021

Today legal departments use tons of Word files and emails as work instruments, so files like contract templates can be distributed and used in a quick and easy way. This method, as effective as it may be, produces overheads that cost the company a great deal in terms of money and time.

The problem lies in the instruments that are used: they’re simply not fit for purpose! If you continue to draft and distribute your contract template this way the cost of compliance will soon become a big problem.

So let’s have a look at how we can solve this problem!

Reading time: 4 minutes.

Contract management