Automation Archives - Page 4 of 6

Trakti A Beginner's Guide on How Smart Contracts Work

A Beginner’s Guide on How Smart Legal Contracts Work

on February 4, 2022

Smart contacts are a great way of helping you exchange property, money, and shares without the fees, hassle, and services that come along with them. For example, when you go up to a vending machine, all you need to do is drop the money in and the snack or drink comes out. Same with the smart contracts.

A smart contract works the same way – all your need is to have the required token into the wallet and whatever you have paid for automatically gets deposited into the recipient account, making it so much easier and more efficient than a traditional contract.

Increase sales compliance through contract automation

on December 3, 2021

Blockchain has the potential to fundamentally change the way organizations do business.

In the retail sector, blockchain is finding a lot of applications: from revolutionising loyalty programs and digitising product warranties to potentially allowing for the development of peer-to-peer marketplaces that could compete with the likes of eBay or Airbnb.

Let’s see how increase sales compliance through contract automation …

Reading time: 4 minutes. Photo by Cam Bradford on Unsplash

How to create a contract template in 5 steps in Trakti

on November 17, 2021

Today legal departments use tons of Word files and emails as work instruments, so files like contract templates can be distributed and used in a quick and easy way. This method, as effective as it may be, produces overheads that cost the company a great deal in terms of money and time.

The problem lies in the instruments that are used: they’re simply not fit for purpose! If you continue to draft and distribute your contract template this way the cost of compliance will soon become a big problem.

So let’s have a look at how we can solve this problem!

Reading time: 4 minutes.

Trakti The 5 Best Automation Tools for your Business

The 5 Best Automation Tools to boost your Business

on November 15, 2021

There are plenty of tools, software, and platforms helping you to succeed in your business, to organize the daily work and collaboration but what are the Best Automation Tools to adopt in your company?

If you are ready to change, with this blog post, we want to help you navigate the automation opportunity in the different company functions.

Trakti contract innovation in real estate Photo by Aleksandar Pasaric from Pexels

Innovating Contracting in Real Estate

on October 28, 2021

Real estate, as in all commercial fields, has been a victim of the great uncertainty that the pandemic has brought to most industries.

There has been a drop in the number of contracts that have been signed. And the investment risk in real estate has grown, especially in the commercial sector.

Many people were not ready to manage negotiations through digital systems and didn’t have the tools to rent out apartments or commercial properties during a lockdown.

So how to implement contract innovation in real estate? Keep reading to find out 😉

Photo by Aleksandar Pasaric from Pexels

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 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.

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