How does Digitisation impact Signing contracts or applications in the field? Imagine the benefits of digitising the entire sales process? Many organisations employ representatives in the field, signing up customers or suppliers. In the past, these agreements or applications were paper-based, creating significant administrative and compliance burden. With the digital age, digitisation is key. “In the field” can …
Why digitise your procurement processes? In over a decade of consulting to both private and public sectors, we at Realyst have noticed a common thread in contract management is: In the past, many of these issues are a result of the cumbersome nature of paper based systems and manual filing systems. Even scanned images into a …
Why Digitise Contracts? There are a number of definitions and examples of digital contracts, one of the most common is a typical software license agreement: The purchaser is asked to tick a box to accept the terms and conditions, and an electronic agreement is signed. Completed with one click in a fraction of a second. …
How do paper based forms and contracts align with digital strategies? They don’t. Paper-based processes and digital strategies do not align. Everyone is talking about the new digital age, the value of data, how to improve the customer journey, obtaining an efficient back office… and yet there is still a proliferation of paper-based processes. With …
For decades now research houses, consultants and software vendors have been preaching the benefits of contract management, often quoting Governance and compliance, collecting all revenue due, shortening the sales cycle, saving money by identifying unwanted contracts, as reasons to adopt a contract management solution or practice. Simply miss a key date on a strategic contract, …
Digital Transaction Management: The link back to contract management The world is going digital. Organisations are looking at appointing digital executives, a scramble to understand how the new digital world is going to impact their businesses, what the next disruptive technology will be or how the next start-up around the corner will affect them. …
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by Sola Akingbade, MD of Realyst Nigeria The elections this year in Nigeria have ushered in an optimism that the country hasn’t seen for a very long time. The victory of the All Progressives Congress has a number of historically significant features for Nigeria – not least of which is the fact that it is the …
Digital Transaction Management has started emerging as a key solution for businesses wanting to stay in the game. We have touched on this topic before in our previous blogs, and the Forrester report highlights the importance of digital transformation in today’s business. Forrester conducted an online survey taken by 400 people, and 5 qualitative interviews …
Digital Transforms the Game of Business – The Forrester Report Read More »
As contract management specialists, one of our focuses is on data and information. As a result of the large amounts of information being shared around the world, there are now are various pieces of legislation that have been put into place to protect personal information. The level of protection and the information protected varies depending …
Contract Management and the protection of Personal Information Act Read More »
From and contract management perspective, and practically, let’s step back and take a look at how most organisations manage their contracting cycle. To do this, we will be using the sales process as an example. Each organisation has a sales force. Typically, the sales team go out in the field with paper-based contracts covering a …
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