Trakti | Smart Legal Contract Blog - Page 20 of 23

Supplier Qualification and Onboarding: definitions and flows for a successful vendor management

on May 19, 2021

The COVID-19 pandemic is challenging procurement teams to rethink the whole Supplier Qualification and Onboarding process, with active suppliers adjusting how they work, and new suppliers bypassing the qualification process for initial onboarding to keep operation flowing.

However, the Supplier Qualification Management (SQM) is essential to mitigate all the risks connected to the onboarding process, which can seriously affect your business. That’s why in this article we are going to define what is Supplier Qualification and why you need to implement right the qualification for initial onboarding.

Reading time: 3 minutes. Photo by Piermanuele Sberni on Unsplash

How to align and automatically update CRM data with contract data

on May 18, 2021

When you think about how to align and automatically update CRM data with contract data, it’s important to consider the benefits of streamlining the entire contract process. Superior contract management solutions take advantage of customer relationship management (CRM) technology to deliver a client-focused service for your business.

Reading time: 3 minutes. Photo by Austin Distel on Unsplash

Redesigning contracts using Legal Design Principles

on May 17, 2021

Redesigning your contract using Legal Design Principles presents a way to streamline contracts to make them more understandable to everyone who reads them. Achieving such a level of standardization means your contracts are clear, legible, and binding.

Reading time: 3 minutes. Photo by Ben Kolde on Unsplash

Supply chain resilience in the face of a global pandemic

on May 12, 2021

The COVID-19 pandemic has had a dramatic effect on global trade, disrupting industries, economies, and supply chains. Prolonged lockdown periods caused a supply and demand shock. Governments, businesses, and individual consumers struggled to procure basic products and materials. Most of them were forced to confront the fragility of the modern supply chain to achieve better supply chain resilience.

Reading time: 3 minutes. Photo by Brett Jordan on Unsplash

New regulatory frameworks for tokenized assets

on May 3, 2021

Governments and regulatory bodies are introducing new blockchain regulatory frameworks for tokenized assets and securities. Le’s have a look!

Reading time: 3 minutes, Photo by Monstera da Pexels

Streamline supplier onboarding and reduce counter party risk

on April 26, 2021

There are several steps to follow if you want to streamline supplier onboarding and reduce counter party risk. These strategies can help you set up a process and and improve efficiency.

Reading time: 4 minutes. Photo by Ricardo Resende on Unsplash

How Asset tokenization will transform financial markets for good

on April 19, 2021

The tokenization of assets is creating a new economy by reshaping financial markets through the inherent qualities of DLTs. Asset tokenization is creating a new financial market that is more democratic, efficient, and global.

Reading time: 5 minutes, Photo by Donny Jiang on Unsplash

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