smart legal contracts

All posts tagged smart legal contracts

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

Read more
traktiIncrease sales compliance through contract automation

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

Read more
traktiInnovating Contracting in Real Estate

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.

Read more
galinaHow smart legal contracts can improve sales

Evolving your procurement strategy with relational contracts

on July 20, 2021

Evolving your procurement strategy with relational contracts can be used to increase contract standardization and visibility across the entire supply chain – ensuring contracts are managed appropriately to secure supply and value for the organization. 

Reading time: 3 minutes.

Read more
traktiEvolving your procurement strategy with relational contracts

Understanding flexibility in smart contracts vs traditional contracts

on July 8, 2021

Before digging into the lack of flexibility in smart contracts let’s see what flexibility actually is.

Traditional semantic contracts are flexible. Such flexibility operates during the negotiation phase as well as at breach.  

Flexibility allows parties to use ambiguous terms, generally defined terms, commercial customs in their agreements.  

Furthermore, flexibility enables parties to shape and adapt their business relationship through modifications, amendments, sometimes arbitrarily. 

Reading time: 3 minutes. Photo by Ken Suarez on Unsplash.

Read more
traktiUnderstanding flexibility in smart contracts vs traditional contracts

Obligation management and controls with Smart Legal Contracts

on June 30, 2021

Contract obligation management and controls with smart legal contracts offer a more secure and streamlined way to achieve an effective and automated contract management system.

Contract management has long been the norm for many industries looking to streamline their supplier and vendor relations. However, the process of managing contract creation, execution, and analysis has historically been plagued by inefficiencies and error due to the manual work involved. That is why we’re seeing a new standard in the form of contract obligation management and control with smart legal contracts.

Reading time: 3 minutes. Photo by Omar Flores on Unsplash.

Read more
traktiObligation management and controls with Smart Legal Contracts

Guide to Supplier onboarding and qualification

on June 30, 2021

You can optimize time spent onboarding suppliers and reduce errors with something as simple as automation. And one possible way is by leveraging smart contracts and blockchain technology.

After covering what supplier onboarding and qualification are in a previous post, today, we’ll look at this simple guide to supplier onboarding and qualification for companies.

Reading time: 4 minutes. Photo by Jungwoo Hong on Unsplash.

Read more
traktiGuide to Supplier onboarding and qualification