Like everybody else in insurance services, your organisation is probably full steam ahead trying to adapt to the new way of working due to the restrictions on human physical interaction. Realyst’s focus in 2021 is to help organisations fill the gap between manual base processes, and digital transformation. Realyst acknowledges that enterprise grade solutions need …
Covid-19 has heavily influenced how businesses interact with internal and external stakeholders. The biggest change is arguably how consumers now prefer insurance service providers with less hassle and paperwork. Digital transformation has created endless opportunities for organizations to improve customer experience and optimize workflow processes. However, the document approval and sign-off process has often been …
The impact the pandemic had on business in 2020 has created heightened urgency to protect revenues and reduce costs. Because Contract Lifecycle Management (CLM) plays such a vital role in achieving just this, will 2021 produce a new focus on the way contracts are created, signed and managed? Many still believe that a digital and …
What Would Contract Lifecycle Management look like in 2021? Read More »
Contract Management initiatives have suffered from a lack of quantifiable benefit, sidelining the value to simply improving governance and compliance. Over the last two decades research houses have made a stab at the financial benefits, anything from 2 to 7% on procurement spend, improvements in revenue collection, to 9% of a company’s value. Capturing and …
There are 4 different types of signatures the business world, and often the definitions can be mixed up or blurred. Let’s take a moment to clarify: 1. The Wet Signature: Is any physical mark on documents created by a person. In most cases it’s writing your name in cursive on a piece of paper, document …
Contract Lifecycle Management has many benefits for corporations within the Mining Industry. In this case study, we explore what some of these benefits are and how they applied to a client of ours. Shortly before going live with our CLM software application we asked our client three questions: Why they embarked on a contract lifecycle …
A Case Study for Contract Lifecycle Management in the Mining Industry Read More »
As contract management software and implementation specialists, the latest release by the IACCM (International Association for Commercial Contract Management) rings true, with a specific warning on comparing “legal tech” to contract management lifecycle software and where contracting impacts on the entire enterprise within a specific, focused discipline. For Organisations seeking Contract Lifecycle Management (CLM) software, …
There are 7 risks that many organisations face if they still have paper-based processes, or rely on spreadsheets and personal work-arounds for tasks that can be easily automated. These manual activities can expose the organisation; Human error, oversight and corporate amnesia Inefficient use of staff time and unnecessary work Poor data collection and quality; insights …
7 Risks in not Automating & Digitising Business Processes Read More »
Going digital is simple – but simple has never been easy. We have taken two decades of experience and learning to distil and offer a best practice approach that makes digital contracting seem simple. The six concepts to consider The essence of an organisation is reflected in the contracts that they enter into Sales contracts, …
Where does an organisation start in automating contract processes? We think it’s time to pause and reflect on automating contract processes; where an organisation should be placing the contract management function, who the sponsors should be, and what is most important. To understand where the function should be placed, depends largely on what the organisation …
Where does an organisation start in automating contract processes? Read More »
