All posts tagged Automation
A hold-up problem in contracts is the situation where after one party has made some relationship-specific investment, the counterparty refuses to fulfil the original terms of the contract asking for better conditions.
Reading time: 4 minutes. Photo by Kai Pilger on Unsplash.
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The relationship between blockchain and supply chains has developed in recent years. Thanks to concrete examples and successful pilots, blockchain and smart contracts for supply chain automation are now gaining momentum.
In less than a decade we’ve started to see real-world applications and how some industries are already reaping the benefits. Distributed ledger and blockchain technology clearly have many far-reaching implications for global trade and supply chains.
Reading time: 3 minutes. Photo by frank mckenna on Unsplash
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The adoption of smart contracts has the potential to connect buyers and sellers on a whole new level. The uniqueness and conformity checks in blockchain can enhance payment capabilities and innovate O2C and P2P processes.
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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
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Smart contracts and tokens for supply chain automation are of paramount importance.
Tokens are digital entities that may be used as a digital representation of physical assets (ingredients, subproducts, etc.) and information. Furthermore, with tokenization, suppliers reap the ultimate benefits of blockchain assets. Tokenization forbids duplication, making it non-fraudulent and ensuring accurate tracking and proof of ownership in a transaction. And not just these.
Reading time: 4 minutes,Photo by Arisa Chattasa on Unsplash
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How procurement is evolving over time and how procurement will evolve to smart procurement in the digital age?
As strategic sourcing becomes more predictive, transactional, data driven procurement is becoming more automated, and supplier relationship management is becoming more proactive. Smart procurement in the digital age need to be integrated through intelligent procurement operations that help companies reduce risk and scale to their growing needs.
Reading time: 4 minutes, Photo by Brett Jordan on Unsplash
Why is technology important when talking about contracts? Well, because you want your business to be up-to-date, you want to have both enthusiastic clients and employees and most of all you want a growing quality company. To achieve these goals, you need to make procurement smarter, faster and more transparent. In other words, you need a Smart Contract Lifecycle Management (SCLM) solution to track trace and automate your contracts.
There is more than a reason you should switch to a smart legal contract management solution, and we are going to analyse all of them in this article!
Tempo di lettura: Photo by aaron boris on Unsplash
