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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Velocizzare l’onboarding semplificando le procedure attrae più clienti

on March 22, 2021

Non ci sono dubbi: per mantenere un cliente è necessario assicurare una customer experience positiva, fin dall’inizio, e quindi fin dall’onboarding. Sono però invece tantissime le aziende che presentano delle procedure di negoziazione lente, macchinose e irte di ostacoli, rendendo difficoltosa la vita dei propri clienti: la speranza di poter fidelizzare il cliente, con questo presupposto, non può che essere minima. É diverso il discorso per chi decide di velocizzare l’onboarding semplificando l’esperienza dei clienti con delle procedure e contratti digitali: vediamo quali sono i vantaggi per l’azienda e per i clienti stessi!

Reading time: 3 minutes, Photo by Karsten Winegeart on Unsplash

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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

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How to persuade counterparts to digitise contract collaboration and management

on January 13, 2021

Contract Lifecycle Management (CLM) tools have promised a lot: faster and more efficient contracts, best contract collaboration and management, tracking changes, time savings and reduced costs and risk of errors. But there is still a big hurdle to overcome to digitise contract collaboration and management: how to make your platform attractive to your counterpart?

Here are some tips!

Tempo di lettura: 3 minuti, Photo by Luis Villasmil on Unsplash

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Contract management software integration – The Future of Business

on January 12, 2021

Most modern vendor and contract management software solutions support workflow management. That’s nothing new. However, it’s time to start thinking beyond just data integration. What if we could find a way to implement easily contract management software integration? What if we could contract handle contract easily though different processes and applications? Giving vendors, customers and businesses the data at the point in time they need to actually make a decision by integrating it directly into the workflow.

As the business landscape becomes increasingly digitalized, it’s important to upgrade your technology and modernize your third-party risk management.

Tempo di lettura: 3 minuti, Photo by Bill Oxford on Unsplash

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How to Achieve (end-to-end) contract automation efficiency

on December 29, 2020

Contract automation efficiency is no longer a matter of choice. It is a necessity in this digital day and age when users expect a seamless on-boarding experience, which traditional contracting cannot offer. Have you ever had delayed orders, lost customers or missed payments because of contracts that have disappeared or that were not filed properly?

Achieving end-to-end contract automation efficiency can be done in a number of ways. In doing so, your on-boarding journey will become more seamless and integrated as you make use of tools such as KYC check, anti-malware control, identity check, credit check and more from a single point of access.

Simplifying your workflow with contract automation is a great way to free up the time of your team and reduce average turnaround time by 80%.

Reading time: 3 minutes, Photo by Braden Collum on Unsplash

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Tales From The Future: an immersive view on the contracts of the future

on December 4, 2020

‘Sign here, here and here’. Signing a contract makes me a bit tense, those are not the contracts of the future I would like to have or sign.

Contracts nowadays don’t serve people as they should. They are unnecessarily hard to write and read. The endless legalese makes them a daunting matter. Their binding power is not bulletproof.

There are 19.972 words in the iTunes terms and conditions. Shakespeare’s Macbeth has 18.100 words. When you click “I agree”, you’re saying to iTunes that you have read something longer than Macbeth.’ In short, today’s contracts do not enable optimal and risk-free decisions.

At Trakti we are crafting contracts of the future to serve people and businesses not the other way around.

Reading time: 4 minutes, Photo by Joshua Sortino on Unsplash

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