Trakti | Smart Legal Contract Blog - Page 16 of 23

Trakti smart contract tokenization rewards Photo by Daniel J. Schwarz on Unsplash

How Smart contract tokenization rewards align your employees to your company

on September 7, 2021

Smart contracts have been designed to automate the execution of an agreement and allow parties to agree with the outcome of an event without the need for a central authority.

With the help of smart contract tokenization rewards, companies can effectively keep their workers in the loop and timely appreciate them for their efforts.

More and more companies are turning to smart contract automation, with the objective to overcome operational challenges and enhance employee productivity.

Reading time: 4 minutes. Photo by Daniel J. Schwarz on Unsplash.

How to write a business proposal for a successful deal

on September 3, 2021

Sooner or later you’re going to write a business proposal, either because someone asked for it, or because you want to make a persuasive case that leads to a sale. Where do you start? How to write a business proposal? What are the rules? Since one of the goals of a business proposal is to persuade a potential customer to do business with you, it is important that you answer all questions.

Not only are you trying to present your business to potential customers and talk it up, but you are also trying to make a lasting impression on your prospect. So you want to ensure the proposal does its job- acting as a formal and efficient selling tool.

Photo by Christin Hume on Unsplash

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.

The Ins and Outs of Contract lifecycle management

on August 16, 2021

Contracts are the lifeline of modern business. Without them, there wouldn’t be company partnerships, employment opportunities, or the exchange of goods and services. We already know that contracts play such a critical role in business but Contract lifecycle management (CLM) is the glue that holds the whole process in place.
It is thanks to CLM platforms and systems that you are able to optimize the process without losing sight of what’s important for your company’s growth.
In this article we will examine the ins and outs of Contract lifecycle management.

Trakti hr automation Photo by Austin Distel on Unsplash

Improving your candidate selection, onboarding, and signature process via contract automation

on August 10, 2021

More and more companies are looking into ways to automate contracts and the benefits of doing so. Today, we explore the most common use cases for contract automation in HR and how you can improve your candidate selection and onboarding process via contract automation.

Contract automation via smart contracts helps companies manage proactively the large quantities of data their HR departments deal with on a daily basis.

Reading time: 5 minutes. Photo by Austin Distel on Unsplash.

Trakti smart contracts for contract management Photo by krakenimages on Unsplash

Smart Contract Solutions for Efficient Contract Management

on August 3, 2021

Contracts are an important aspect of any business. But without a plan in place, the contract management process can become overwhelming and full of risky manual errors.

There is the need to have a plan in mind to set up a smart contract management process to drive efficiency in organisations.

Reading time: 4 minutes. Photo by krakenimages on Unsplash.

The right cost of legal tech

on July 30, 2021

The business world has deep roots in technical innovation – a rich tradition that now translates into blockchain adoption and the implementation of smart contracts. From a legal operations perspective, success is supported by adopting legal tech in a company. Corporate legal counsels are able to perform at great speeds. They are able to pay close attention to a great many details.

Nevertheless, companies required a significant change to their legal operations. Or to put it differently – the right cost of legal tech is crucial to improving operations. As legal teams become overwhelmed, stressed and understaffed, automating outdated manual processes for contract drafting and contract management is the first step.

So how do you increase productivity and efficiency for your legal teams via smart contracts?

Reading time: 3 minutes

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