- Organizations today continue to use traditional and often archaic methods of manual processing with physical paper documents.
- These error-prone methods introduce cumbersome administrative work, causing businesses to struggle with payments and contract disputes.
- The increasing scale and complexity of business processes has led to many third parties, middlemen, and paper hand-offs.
- Companies remain bogged down by expensive and inefficient processes while losing sight of their ultimate stakeholder: the customer. A failure to focus on the customer is a failure to do business.
Our Advice
Critical Insight
- Simplify, automate, secure. Smart contracts enable businesses to simplify, automate, and secure traditionally complex transactions.
- Focus on the customer. Smart contracts provide a frictionless experience for customers by removing unnecessary middlemen and increasing the speed of transactions.
- New business models. Smart contracts enable the redesign of your organization and business-to-business relationships and transactions.
Impact and Result
- Simplify and optimize your business processes by using Info-Tech’s methodology to select processes with inefficient transactions, unnecessary middlemen, and excessive manual paperwork.
- Use Info-Tech’s template to generate a smart contract use case customized for your business.
- Customize Info-Tech’s stakeholder presentation template to articulate the goals and benefits of the project and get buy-in from business executives.