During the years I spent leading the business innovation unit for the Large Corporate segment of a Nordic bank, I often reflected on the concept of a Universal Contracting Platform given the role that a bank could play in it. Contract Management is a tricky and often painful issue for basically all corporations and the main problems along its lifecycle are common, from contract drafting, negotiation, signing, execution, monitoring, enforcing and storing.
Instead of each enterprise grappling with these issues independently, let’s envision a singular core platform integrating all the aspects of contract management and accessible to all commercial entities. This is the essence of the Universal Contracting Platform that I am presenting here.