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 …
You might be thinking that the price of paper is cheap, so why bother changing from a traditional way of hand signing a paper document? Now is the time to consider the real cost, and you’ll soon find that paper-based processes are expensive. There are many avoidable costs directly associated with the true cost of …
Wet signatures are rapidly becoming a thing of the past. Manual signatures carry a huge cost, delay processes and increase risk to organizations. The COVID-19 climate has accelerated the need for digital insurance solutions that support remote working and the social distancing of customers. Is your organisation ready to streamline your internal processes and revolutionize …
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 …
Electronic signatures versus manually signing paper-based forms, documents and contracts. Your manual processes can expose your organisation to several risks and unnecessary costs. Examples from our contract review consultancy work include: Not being able to identify the signatory Not being able to identify the witnesses No supporting documentation as to the authority to sign Not …
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, …
