Automation

All posts tagged Automation

Parametric insurance: why adoption has become a must!

on August 27, 2024

In the insurance industry, blockchain technology is already proving to be a game-changer. With the increasing use of smart legal contracts, insurance companies can now benefit from increased transparency, and efficiency in their operations through the use of parametric insurance.

Smart legal contracts and parametric insurance are both technologies that can be used to automate and simplify certain aspects of insurance contracts and can be used together to create more efficient and reliable insurance products.

Reading time: 4 minutes

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Open banking and contractual automation to reduce financial management costs

Open banking and contractual automation to reduce financial management costs

on March 12, 2024

Open Banking is an innovative model for banks and the financial industry. We can define open banking as a digital technology that revolutionised banks and financial services. Its aim is to establish, support, and strengthen clients’ trust. It allows banks to offer more agile financial services to their customers, helping them to make better decisions, and save money.

When Open banking comes with contractual automation, it can reduce financial management costs.

Digital disruption, FinTechs and Regulatory compliance such as the Revised Payment Services Directive (PSD2) have accelerated the competition in the financial sector and forced banks to open and speed up their systems.

APIs are used for sharing financial data in the open banking ecosystem. Using API, banks can now remodel and innovate their core systems.

Reading time: 4 min

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How to align procurement with business requirements

on April 4, 2023

Business requirements should inform every investment in new software and technological infrastructure. You don’t launch a new project, purchase a new piece of software, or develop a new process unless it’s in response to a core business need.

But understanding exactly what that need it can be a challenge in itself. It starts with learning how to align procurement with business requirements.

Taking the time to carefully identify, analyse, and document your core business requirements can lead to a smoother procurement process with an outcome that delivers measurable results.

Reading time: 4 minutes

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No-code platforms are drivers of innovation in contract automation

on February 20, 2023

Companies rely primarily on IT professionals to write the scripts needed to keep operations running smoothly.
What happens if there is a shortage of staff?
This issue can leave many organisations with interrupted or malfunctioning processes due to a lack of adequate staff and proprietary knowledge to solve the problem at the source.

The introduction of no-code automation platform resolves these problems, empowering teams of any skill level to manage IT operations seamlessly. 

Reading time: 3 min

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The importance of contract automation and its benefits for a business

on January 30, 2023

Contract Management is a crucial step for any business and represents the key link between strategy and execution plans. Contracts are the most cardinal documents for each type of company, beyond its size and its industrial sector.
Managing contracts in a proper way can make a difference by providing organisational support and driving major improvements to the business’ goals without upending the strategy.
Contracts automation platforms can transform Contract Lifecycle Management.

Reading time: 4 minutes.

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Sponsoring Blockchain Expo Trakti | Blockchain Adoption in Enterprises

on December 15, 2022

An Interview to Romina Zorzini, Trakti Legal Architect 

Trakti was one of the sponsors of the Blockchain Expo Global held in London on Dec-1 and Dec-2. Our CEO, Luigi Telesca has made a speech on the Blockchain for Enterprise stage about How to Scale Blockchain Technology Adoption in Enterprises. During the event, our team, including our CTO Mahfuzul Islam, was glad to receive a huge interest from the business and legal industries at our booth.  
As promised, we asked our Legal Architect, Romina Zorzini few insights about the event, blockchain technology, and Trakti’s positioning in it.
Let’s see together what she told us. 

Reading time: 6 min

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