Automation Archives - Page 3 of 7

How to conduct KYC checks (properly)

on November 7, 2022

KYC and related processes such as Anti Money Laundering and identity fraud controls are one of the main challenges that companies and institutions are facing at the moment.

These procedures are timely and expensive, and many businesses have had to update the way they conduct KYC as they could not rely on the standard methods they had adopted.

Luckily many innovative solutions exist to make the whole thing much quicker. And less expensive. All this while connecting to international databases and making it part of an automated stream for customer and supplier onboarding.

Reading time: 4 minutes.

What you do and don’t own, when you buy an NFT

on October 25, 2022

2021 was a landmark year for the popularity of NFT and it seems that this trend is going on and becoming greater and greater. But not without huge legal implications with respect to copyright, ownership and contractual liabilities, just to cite a few.
What you do and you don’t own, when you buy an NFT.

Let’s start from the beginning, trying to bring some light to this innovation.

Tempo di lettura: 2 minuti.

How to integrate PayPal into an onboarding process

How Integrate PayPal into an onboarding process

on October 15, 2022

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.

Reading time: 3 min

Trakti meets Adrian Furner: “Risk, an opportunity for innovation”

on October 14, 2022

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!

Five great articles for your summer!

on July 25, 2022

September is just around the corner, and you want to return to work after a well-deserved break, fresh and recharged.

We are happy to suggest a list of articles for your summer that have received the most comments and appreciation from Trakti community. Please find them below.

How to set up and streamline an effective offer evaluation

on July 11, 2022

Do you know how well your sales representatives are reviewing every contract prior to signing it? Does their performance meet your expectations for a quality customer experience? Are they following all the correct processes, remaining compliant, and getting the outcomes you want? The only way to answer all these questions is by learning how to set up and streamline an effective offer evaluation.

Traditionally, procurement has been viewed as a function of the back office, but this area is now the target for intelligent automation. In fact, many organizations are expanding procurement into playing the role of a strategic partner for driving enhanced cost savings, efficiency, market resiliency, and business objectives. In addition, intelligent automation can empower this particular transformation.

Unquestionably, procurement should be focused on improving business process speed so that employees will have more time on their hands to focus on higher-value projects. As such, this is where much of intelligent automation’s value can be found – by dramatically reducing the number of error-ridden repetitive tasks and processes.

Reading Time: 3 minutes

What is contract automation and why you need it

on June 24, 2022

In the business world, there is always scope for improvement. Many companies worldwide are adopting process automation as a key strategy to stay ahead in the run. This is especially true when it comes to contracts.

But what is contract automation and why you need it?

Every business has some sort of contract management process; a series of steps that encompass the management of an organisation’s contracts from initiation through to execution, storage, and renewal or expiry. At one end of the spectrum this process is completely ad hoc, whereas more sophisticated organisations spend time understanding how fit-for-purpose contract management software can be leveraged to drive competitive advantage.

Automation