Despite the various technological upgrades that have occurred in the financial services industry over the years, the onboarding process for new customers remains a tedious and expensive process. Most banks still struggle to provide a simple and effective digital onboarding experience. But if they learn how to accelerate onboarding and reduce counterparty risk, they can achieve much better results.
Reading time: 3 min
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The digital onboarding process is becoming more and more popular with competitive advantages for different sectors of a business.
It is an effective tool also for Sales, for the acquisition of new customers and for the retention of existing customers, capable of improving and simplifying the Customer experience as well.
Through the adoption of a platform for contract automation, the onboarding process becomes compliant, agile and intuitive for Sales.
It can simplify and speed up the entire negotiation, including payments, integrating PayPal into an onboarding process.
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Today Trakti meets Adrian Furner, Founder & Managing Director at Kommercialize, to talk about risk as an opportunity for innovation.
We have previously met Adrian Furner, on the 4th of October, during his valuable contribution as a guest to our recent webinar “Contract Automation, Benefits and Contexts.”
Watch the integral version here: What is Contract Automation, Benefits and Contexts.
Adrian Furner has over 30 years of experience in the design, implementation, and delivery of complex commercial transactions through novel business models.
A super master contracting expert, and member of the IET (Institution of Engineering and Technology), Adrian is a former board member and an honorary fellow of ‘World Commerce & Contracting’ where he is also an Executive in Residence. He is also co-founder of Open Fabric for Trusted Global Trade.
Today his practice is to advise professional firms on how to boost up their commercial competencies as well as Contributor, Speaker and Author of several books on commercial agility, collaboration and commercial innovation.
Adrian is a leading light for innovating contracting in companies of all sizes!
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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.
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No code platforms have been gaining traction. In fact, a no code platform for contract management is an essential part of the strategy that reduces cost and drives internal efficiency at scale.
AI is a trusted ally when it comes to replacing repetitive tasks that cause errors, dropped handoffs and wasted time — and no code/low code platforms are the way to do it.
With IT teams occupied with system maintenance and security work, companies are turning to no code platform automation to meet their day-to-day requirements.
Reading time: 4 minutes.
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The slow but steady move towards web3 means organizations face a host of unprecedented challenges when it comes to digital transformation. With more and more operations and services moved to the cloud, it becomes all the more important for organizations to adapt their internal processes and tools to the new situation, such as digitising contracts.
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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.
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