Navigating Growth: The Power of Adopting a Distribution Strategy

Navigating Growth: The Power of Adopting a Distribution Strategy

Efficient growth will always be the focus of every vendor. But what happens when internal resources and capabilities are stretched thin? The answer may just lie in a well-structured distribution strategy.

Kewal (Gibble) Gupta at Channel Partnerships

By Kewal Gupta

20th September 2023

Introduction

In the world of sales and vendor management, scaling capacity efficiently remains a significant challenge. While expanding direct sales teams can spur growth, there’s an undeniable ceiling to internal capacity as well as resources. Many vendors find themselves at a crossroads, where the method of direct sales expansion no longer yield the desired return and results. This is where a robust distribution strategy comes into play.

Recognising the Tipping Point

So, when is the right time to reconsider your strategy from a pure direct model? The red flags will become visible: slowing conversion rates, a decline in productivity, and a noticeable stagnation in growth. It’s at this point that distributors can offer the much-needed leverage, albeit with a need for detailed planning.

The Economic Benefits of Distributors

For those vendors who find themselves grappling with capacity constraints, pivoting to a distribution strategy can be a game-changer. Distributors, with their vast regional expertise and unparalleled customer access, credit capabilities can take on the heavy lifting. From managing accounts to streamlining intricate functions like credit assessments and multi-country sales operations, distributors can be your catalyst for growth.

Weighing the Returns on Distributor Investment

Like every strategy, leveraging external channels comes with its set of challenges. However, a comprehensive analysis often showcases distribution as the key to scalable growth. The initial transition costs are quickly offset by the long-term benefits of optimised capacity utilisation and significant overhead reductions. The key? Select the right distribution partner who understands your business and make sure processes and documents are well-structured. Often a vendor will look at distribution and see it as giving away margin, but without scale you have no growth and the potential to stagnate your business.

Conclusion

Distributors are not just external entities; they are your partners for growth. They offer vendors the unique opportunity to align their capacity with their growth aspirations. By providing the necessary operational leverage, distributors ensure that vendors can expand without stretching their resources too thin. For those vendors standing at pivot point, distributor partnerships might just be the answer to sustainable capacity planning and strategic growth.

Looking to navigate the complex world of distributor partnerships? Our specialists are here to guide you every step of the way. Contact us today by calling: 01923 618099 or email: info@channel-tools.biz.

Share this article:

Latest articles

Shape Robotics teams up with Channel Tools: Shaping the future of Smart Learning Environments

Shape Robotics has strategically partnered with Channel Tools to transform classroom experiences…

Read More

Channel Tools partners with Quantum Dice to offer QRNGs for trusted cybersecurity

Channel Tools integrates Quantum Dice's cutting-edge Quantum Random Number Generator (QRNG)…

Read More

Transforming Business Operations with mpro5: A Comprehensive Guide

mpro5 offers a versatile platform comprising four key components: the mpro5 App, Web Portal,…

Read More

See all articles

Join our Partnership Program

There are many benefits partnering with us. Simply complete the form at the bottom of this page to discuss how the program can sky-rocket your visibility in any technology market place. We have huge experience in the creation of new channels – and we can create introductions, leads and business opportunities for your sales teams.

Join us

Want to know how a Channel Partnership could benefit your business?

Complete the form below and one of our team will call you back:


    The Future of Interactive Kiosks with Pyramid's POLYTOUCH®

    The Future of Interactive Kiosks with Pyramid’s POLYTOUCH®

    Kewal (Gibble) Gupta at Channel Partnerships

    By Kewal Gupta

    1st September 2023

    Digital innovation is there for all to see in interactions that customers have in all areas of their lives. Because of this, businesses are in a perpetual race to stay ahead of the curve.

    The need for efficient, user-friendly, and innovative solutions has never been more paramount. When it comes to Kiosks, Pyramid’s POLYTOUCH® offers businesses a state-of-the-art interactive kiosk solution that not only meets the current demands but anticipates future needs.

    Pyramid: A Legacy of Excellence

    With decades of experience under their belt, Pyramid Computer’s commitment to excellence and relentless pursuit of innovation has positioned them as a true leader in interactive kiosk solutions. Pyramid’s reputation is built on a foundation of trust, quality, and a commitment to customer satisfaction.

    POLYTOUCH®: The Game Changer

    The POLYTOUCH® range, is designed to transform the way businesses interact with their customers. Its adaptability across various sectors makes it a preferred choice for businesses aiming for a competitive edge.

    Key Features of POLYTOUCH®

    • Modularity: POLYTOUCH® boasts a high degree of modularity, allowing businesses to tailor the kiosk to their specific needs. This ensures that it can evolve with changing business requirements. Even down to colours and logos.
    • User-Friendly Interface: Designed with the end-user in mind, POLYTOUCH® offers an intuitive user experience, ensuring seamless interactions at every touchpoint.
    • Robust Build: Built to last, POLYTOUCH® kiosks are durable and can withstand the rigors of daily use, making them ideal for high-traffic areas.
    • Cutting-Edge Technology: Incorporating the latest in tech advancements, POLYTOUCH® ensures fast, efficient, and reliable operations, enhancing overall user satisfaction.

    Success Stories:

    • Aversi: The largest pharmacy chain in the Republic of Georgia, Aversi, has seamlessly integrated POLYTOUCH® into its operations, enhancing customer interactions in pharmacies and drugstores.
    • Hesburger: A testament to its versatility, the POLYTOUCH® 32″ PASSPORT kiosk offers Hesburger’s customers a swift and efficient ordering process.
    • EDEKA: EDEKA, a leading name in the grocery sector, has elevated its self-checkout experience with the integration of POLYTOUCH®.

    Why Choose POLYTOUCH®?

    Pyramid’s commitment to excellence extends beyond product design. Their collaborations with leading software developers ensure that businesses get an interface tailored to their unique needs. And for those with proprietary software, Pyramid offers comprehensive support for seamless integration.

    Take the Next Step

    Elevate your business operations and redefine customer experience. Contact us today to learn more.

    Contact Channel Partnerships to learn more by calling: 01923 618099

    Or email: info@channel-tools.biz

    Share this article:

    Latest articles

    Shape Robotics teams up with Channel Tools: Shaping the future of Smart Learning Environments

    Shape Robotics has strategically partnered with Channel Tools to transform classroom experiences…

    Read More

    Channel Tools partners with Quantum Dice to offer QRNGs for trusted cybersecurity

    Channel Tools integrates Quantum Dice's cutting-edge Quantum Random Number Generator (QRNG)…

    Read More

    Transforming Business Operations with mpro5: A Comprehensive Guide

    mpro5 offers a versatile platform comprising four key components: the mpro5 App, Web Portal,…

    Read More

    See all articles

    Join our Partnership Program

    There are many benefits partnering with us. Simply complete the form at the bottom of this page to discuss how the program can sky-rocket your visibility in any technology market place. We have huge experience in the creation of new channels – and we can create introductions, leads and business opportunities for your sales teams.

    Join us

    Want to know how a Channel Partnership could benefit your business?

    Complete the form below and one of our team will call you back:


      Why Trust Matters in Retail: Unpacking the Benefits of meldCX's TRUSTe Certification

      Why Trust Matters in Retail: Unpacking the Benefits of meldCX’s TRUSTe Certification

      Kewal (Gibble) Gupta at Channel Partnerships

      By Kewal Gupta

      4th August 2023

      In the age of digital transformation, data privacy and security have become paramount. This is now a key criteria when deciding the technology stack you need to drive your business forward. This is especially true for retail businesses that handle volumes of sensitive customer data 24/7. meldCX, an AI and intelligent edge technology solutions company with a focus on customer experience and streamlining operations, has strengthened its commitment to data privacy and security by attaining the TRUSTe’s Enterprise Privacy & Data Governance Practices Certification.

      This certification, awarded by TrustArc, is based on globally recognised laws and regulatory standards, including the EU General Data Protection Regulation (GDPR), ISO 27001, U.S. Health Insurance Portability and Accountability Act (HIPAA), OECD Privacy Guidelines, and APEC Privacy Framework.

      For meldCX partners and customers, this means meldCX ensures that their data-driven solutions offer the highest recognised standards of information security, protection, and confidentiality for users.

      meldCX’s vision AI solution Viana™ does not see, view, or annotate any personal identifiable and sensitive live data. The reference models used to build the AI models are synthetic (not based on actual/identifiable persons) similar to a virtual 3D environment, removing bias. A further step is taken in the actual processing of data, where faces are blurred, which means even support staff cannot see faces.

      Essentially, the AI model does not do any forms of facial recognition — data points are all non-identifiable and anonymised. The AI model is more interested in what a person does than who they are.

      But why is this even more important for retail businesses? In an industry where customer data is key to personalised experiences and strategic decision-making, having a partner like meldCX that is committed to data privacy and security could set you apart. It not only ensures compliance with global data privacy standards but also builds trust with customers who are increasingly concerned about their data privacy.

      So why consider meldCX for your retail digital transformation? meldCX’s vision AI solution empowers retail businesses to craft premier customer experiences and optimise staff efficiency.

      Interested in finding out more about meldCX, then click here.

      Contact Channel Partnerships to learn more by calling: 01923 618099

      Or email: info@channel-tools.biz

      Share this article:

      Latest articles

      Shape Robotics teams up with Channel Tools: Shaping the future of Smart Learning Environments

      Shape Robotics has strategically partnered with Channel Tools to transform classroom experiences…

      Read More

      Channel Tools partners with Quantum Dice to offer QRNGs for trusted cybersecurity

      Channel Tools integrates Quantum Dice's cutting-edge Quantum Random Number Generator (QRNG)…

      Read More

      Transforming Business Operations with mpro5: A Comprehensive Guide

      mpro5 offers a versatile platform comprising four key components: the mpro5 App, Web Portal,…

      Read More

      See all articles

      Join our Partnership Program

      There are many benefits partnering with us. Simply complete the form at the bottom of this page to discuss how the program can sky-rocket your visibility in any technology market place. We have huge experience in the creation of new channels – and we can create introductions, leads and business opportunities for your sales teams.

      Join us

      Want to know how a Channel Partnership could benefit your business?

      Complete the form below and one of our team will call you back:


        Revolutionising Security: A Deep Dive into Bolide Technology Group's Innovations

        Revolutionising Security: A Deep Dive into Bolide Technology Group’s Innovations

        Kewal (Gibble) Gupta at Channel Partnerships

        By Kewal Gupta

        11th July 2023

        In an era where security threats are becoming increasingly sophisticated, the need for equally advanced security solutions has never been more critical.

        Bolide Technology Group, a global leader in the security and surveillance industry known for its innovative and high-quality products, are revolutionising the security landscape with their innovation and development of security solutions.

        Established in 1993, Bolide Technology Group has been at the forefront of the security industry, providing state-of-the-art CCTV surveillance products. As an ISO 9001:2008 certified company, Bolide has consistently demonstrated its commitment to quality and innovation, offering a range of products that cater to the diverse needs of businesses.

        One of the standout products in Bolide’s portfolio is their intelligent surveillance camera. This camera is not just a tool for recording; it’s an advanced security solution that can detect and alert users of unusual activity. Equipped with warning sounds, lights, and a speaker, this camera provides comprehensive security protection. It also boasts powerful night vision capabilities, ensuring clear monitoring even in low light conditions. But what truly sets it apart is its suite of intelligent monitoring functions, including crowd density detection, face recognition, and stationary object detection. These features enable the camera to quickly identify abnormal situations and issue timely alerts, ensuring the safety of your business.

        Another innovative product from Bolide is the Body Camera BV-BCAM2. This smart camera is designed to provide security and convenience for teams. It can be connected to the network at any time, allowing easy sharing and storage of videos and pictures. The camera is equipped with automatic recording and automatic switching night vision functions, ensuring important information is captured at all times, regardless of lighting conditions.

        Bolide’s commitment to innovation is easily demonstrated in their case studies. Their solutions have been successfully implemented in sectors including Retail, Hospitality and Healthcare. These real-world applications of Bolide’s technology demonstrate the company’s ability to deliver effective, reliable security solutions that meet the tailored needs of different organisations.

        Conclusion

        Bolide Technology Group is not just a manufacturer of security products; they are pioneers shaping the future of the surveillance industry. Their commitment to innovation, coupled with their ability to deliver reliable, high-quality products, positions them as a vanguard in the field of intelligent surveillance solutions.

        For businesses seeking to enhance their security while also gaining a technological edge, Bolide Technology Group is a partner worth considering. Their products are not just about surveillance; they’re about peace of mind.

        Contact Channel Partnerships to learn more by calling: 01923 618099

        Or email: info@channel-tools.biz

        Share this article:

        Latest articles

        Shape Robotics teams up with Channel Tools: Shaping the future of Smart Learning Environments

        Shape Robotics has strategically partnered with Channel Tools to transform classroom experiences…

        Read More

        Channel Tools partners with Quantum Dice to offer QRNGs for trusted cybersecurity

        Channel Tools integrates Quantum Dice's cutting-edge Quantum Random Number Generator (QRNG)…

        Read More

        Transforming Business Operations with mpro5: A Comprehensive Guide

        mpro5 offers a versatile platform comprising four key components: the mpro5 App, Web Portal,…

        Read More

        See all articles

        Join our Partnership Program

        There are many benefits partnering with us. Simply complete the form at the bottom of this page to discuss how the program can sky-rocket your visibility in any technology market place. We have huge experience in the creation of new channels – and we can create introductions, leads and business opportunities for your sales teams.

        Join us

        Want to know how a Channel Partnership could benefit your business?

        Complete the form below and one of our team will call you back:


          Driving Business Efficiency with AmdoSoft's RPA and Synthetic Monitoring Solutions

          Driving Business Efficiency with AmdoSoft’s RPA and Synthetic Monitoring Solutions

          Kewal (Gibble) Gupta at Channel Partnerships

          By Kewal Gupta

          1st June 2023

          As technology continues to reshape our business landscape, organisations are constantly seeking ways to improve efficiency and productivity. Technologies like Robotic Process Automation (RPA) and Synthetic Monitoring are becoming a business imperative. But what are these solutions, what do you need to consider and how can they benefit your business?

          Different Organisations, Different Needs

          RPA refers to software designed to automate routine tasks such as data entry, invoice processing, and customer service responses, which traditionally require human input. On the other hand, Synthetic Monitoring involves using scripts to simulate the path a user might take through a website or application to check its performance and availability.

          While these might sound like solutions designed for large enterprises, the reality is that businesses of all sizes can benefit from RPA and Synthetic Monitoring. A local retail store can use RPA to manage inventory, and a small e-commerce business can utilise synthetic monitoring to ensure a seamless user experience on its website.

          Planning an Implementation

          Implementing RPA and Synthetic Monitoring requires careful planning. Start by identifying repetitive tasks within your business that could be automated using RPA. For Synthetic Monitoring, determine the critical workflows that have a direct impact on the user experience.

          Work closely with a solution provider like AmdoSoft, who can guide you through the process, ensuring the solutions are tailored to your unique business needs.

          How to Plan for Scale and Expansion

          RPA and Synthetic Monitoring are not static solutions. They can be scaled and expanded as your business grows. To prepare for this, ensure the solutions are flexible and can adapt to changes in business processes. Furthermore, consider potential future needs of your organisation and how these technologies might support those needs.

          The Value

          The benefits of implementing RPA and Synthetic Monitoring are substantial. RPA can increase efficiency, reduce errors, and free up staff to focus on more strategic tasks. Synthetic Monitoring helps improve website or app performance, leading to better user experience and ultimately, customer satisfaction.

          Together, these technologies can lead to a significant return on investment, boosting your bottom line while improving the overall operational efficiency of your business.

          Conclusion

          In the digital age, it’s important for businesses of all sizes to leverage innovative solutions like RPA and Synthetic Monitoring. AmdoSoft is leading the charge, offering these solutions that can revolutionise business operations and drive efficiency. By investing in these technologies, organisations can stay competitive, meet their customers’ needs, and secure their future success.

          Contact Channel Partnerships to learn more by calling: 01923 618099

          Or email: info@channel-tools.biz

          Share this article:

          Latest articles

          Shape Robotics teams up with Channel Tools: Shaping the future of Smart Learning Environments

          Shape Robotics has strategically partnered with Channel Tools to transform classroom experiences…

          Read More

          Channel Tools partners with Quantum Dice to offer QRNGs for trusted cybersecurity

          Channel Tools integrates Quantum Dice's cutting-edge Quantum Random Number Generator (QRNG)…

          Read More

          Transforming Business Operations with mpro5: A Comprehensive Guide

          mpro5 offers a versatile platform comprising four key components: the mpro5 App, Web Portal,…

          Read More

          See all articles

          Join our Partnership Program

          There are many benefits partnering with us. Simply complete the form at the bottom of this page to discuss how the program can sky-rocket your visibility in any technology market place. We have huge experience in the creation of new channels – and we can create introductions, leads and business opportunities for your sales teams.

          Join us

          Want to know how a Channel Partnership could benefit your business?

          Complete the form below and one of our team will call you back:


            Choosing the Right Range of Routers for your Digital Transformation Journey

            Choosing the Right Range of Routers for your Digital Transformation Journey

            Kewal (Gibble) Gupta at Channel Partnerships

            By Kewal Gupta

            15th May 2023

            In today’s hyper-connected world, businesses face an ever-growing demand for reliable and secure connectivity. Companies of all sizes are on journeys of digital transformation and the need for advanced networking technologies that can keep up with the pace of change has never been more pressing. Channel Tools is working with solution providers that are leading the pack with their range of advanced Wi-Fi routers. In this blog, we’ll explore why leading provider Teltonika Networks’ technology stands out from the crowd, and how it can help your business stay ahead of the digital curve.

            So, what do you need to consider and how do routers from Teltonika Networks answer those considerations?

            Reliability:

            One of the most critical benefits you need from your solution provider is reliability. Teltonika Networks Wi-Fi routers are built with advanced technology that ensures a stable and consistent internet connection, even in areas with poor signal strength. This is especially important for companies that rely on a constant and uninterrupted connection for critical operations such as point-of-sale transactions, remote monitoring, and real-time data transfer.

            Security:

            With cyber threats increasing as well as evolving, security needs to be front of mind. Teltonika Networks Wi-Fi routers are designed with security in mind, with features such as advanced firewall protection, VPN support, and Secure Boot.

            Ease of Use:

            Teltonika Networks Wi-Fi routers are designed with ease of use in mind. They have a user-friendly interface that makes it easy to set up and configure the router, even for those with limited technical knowledge. This is especially important for businesses that may not have dedicated IT staff to manage their network.

            Versatility:

            Teltonika Networks Wi-Fi routers can be used in a wide range of business applications, from office use to industrial and remote environments. For example, the RUT241 is designed for use in transportation, agriculture, and energy sectors. This versatility makes them a cost-effective solution for businesses with diverse needs.

            Use Cases:

            Teltonika Networks Wi-Fi routers are being used in a variety of industries, including transportation, agriculture, healthcare, and retail. In the transportation industry, they are used for real-time tracking. In the agriculture sector, they are used for remote monitoring of crops and livestock, as well as for precision farming. In the healthcare industry, they are used for remote patient monitoring and telemedicine. And in the retail industry, they are used for point-of-sale transactions and inventory management.

            Conclusion:

            Teltonika Wi-Fi routers are a reliable, secure, and versatile solution for businesses of all sizes. Their advanced technology, ease of use, and wide range of use cases make them a cost-effective choice for businesses with diverse needs. By leveraging Teltonika Networks’ technology, businesses can stay ahead of the curve and take advantage of the latest digital transformation trends. With their unwavering commitment to innovation and customer satisfaction, Teltonika Networks is a partner that businesses can rely on to help them navigate the ever-changing digital landscape.

            Contact our team of experts today and find out what is the best solution for your business.

            Contact Channel Partnerships directly by calling: 01923 618099

            Or email: info@channel-tools.biz

            Share this article:

            Latest articles

            Shape Robotics teams up with Channel Tools: Shaping the future of Smart Learning Environments

            Shape Robotics has strategically partnered with Channel Tools to transform classroom experiences…

            Read More

            Channel Tools partners with Quantum Dice to offer QRNGs for trusted cybersecurity

            Channel Tools integrates Quantum Dice's cutting-edge Quantum Random Number Generator (QRNG)…

            Read More

            Transforming Business Operations with mpro5: A Comprehensive Guide

            mpro5 offers a versatile platform comprising four key components: the mpro5 App, Web Portal,…

            Read More

            See all articles

            Join our Partnership Program

            There are many benefits partnering with us. Simply complete the form at the bottom of this page to discuss how the program can sky-rocket your visibility in any technology market place. We have huge experience in the creation of new channels – and we can create introductions, leads and business opportunities for your sales teams.

            Join us

            Want to know how a Channel Partnership could benefit your business?

            Complete the form below and one of our team will call you back:


              Channel Tools Announce Strategic Partnership with Disruptive Technologies to Drive IoT Innovation

              Channel Tools Announce Strategic Partnership with Disruptive Technologies to Drive IoT Innovation

              Kewal (Gibble) Gupta at Channel Partnerships

              By Kewal Gupta

              12th April 2023

              Channel Tools, a leading company driving new technology distribution and integration solutions, and Disruptive Technologies, a provider of wireless sensors and IoT solutions, today announced a strategic partnership to accelerate the adoption of IoT technologies.

              Channel Tools will add Disruptive Technologies’ wireless sensors and cloud-based platform to its available portfolio of solutions. This will enable businesses to collect real-time data and insights about their operations, allowing them to make more informed decisions and optimise their workflows. In addition, the partnership will allow Channel Tools to develop a sales channel for driving Disruptive Technologies’ IoT solutions in the EMEA region.

              “We are excited to announce this strategic partnership with Disruptive Technologies,” said Kewal Gupta, CEO at Channel Tools. “Their innovative wireless sensors and cloud-based platform are a perfect fit for our portfolio of solutions. This partnership will allow us to offer businesses a comprehensive range of IoT solutions, driving efficiencies, streamlining operations and reducing costs.”

              Disruptive Technologies’ wireless sensors and cloud-based platform are designed to be easily integrated into any environment, making it easy for businesses to collect data and insights in real-time. The platform provides businesses with the ability to monitor critical aspects of their operations. Their wireless sensors, with a form factor about as small as a coin can be used for a wide range of applications, from temperature and humidity monitoring to occupancy detection and asset tracking. The sensors are small, durable, have a long battery life, are easy to install, and can be customised to fit your specific needs.

              “We are excited to join the partnership with Channel Tools. This will enable us to expand our reach in the European region” said Thomas Caspersen Nielsen, VP of Sales EMEA of Disruptive Technologies. “There is a huge interest in IoT sensors and infrastructure, and together with our partners we will provide companies with the insights they need to operate smarter, more efficiently, and more sustainable.”

              If you are interested in finding out more about our agreement with Disruptive Technologies, please contact us.

              About Channel Tools

              Channel Tools is a leading company driving new technology distribution and integration solutions. The company works with high potential, emerging, and innovative technology vendors to support their growth and adoption with channel. In addition, Channel Tools provides comprehensive marketing services. For further information, visit channel-partnerships.com.

              About Disruptive Technologies

              Disruptive Technologies is a provider of wireless sensors and cloud-based solutions for IoT applications. The company’s sensors are small, wireless, and can be easily integrated into any environment, making it easy for businesses to collect real-time data and insights about their operations. For more information, visit www.disruptive-technologies.com.

              Share this article:

              Latest articles

              Shape Robotics teams up with Channel Tools: Shaping the future of Smart Learning Environments

              Shape Robotics has strategically partnered with Channel Tools to transform classroom experiences…

              Read More

              Channel Tools partners with Quantum Dice to offer QRNGs for trusted cybersecurity

              Channel Tools integrates Quantum Dice's cutting-edge Quantum Random Number Generator (QRNG)…

              Read More

              Transforming Business Operations with mpro5: A Comprehensive Guide

              mpro5 offers a versatile platform comprising four key components: the mpro5 App, Web Portal,…

              Read More

              See all articles

              Join our Partnership Program

              There are many benefits partnering with us. Simply complete the form at the bottom of this page to discuss how the program can sky-rocket your visibility in any technology market place. We have huge experience in the creation of new channels – and we can create introductions, leads and business opportunities for your sales teams.

              Join us

              Want to know how a Channel Partnership could benefit your business?

              Complete the form below and one of our team will call you back:


                Automated Contract Review: Accelerate Value Creation Company-wide

                Automated Contract Review: Accelerate Value Creation Company-wide

                This is an article written by Moritz Maier at thingsTHINKING.

                Bryony sandy Channel Partnerships

                By Bryony Sandy

                8th March 2023

                Contracts are a company’s lifeblood. Delays in contract signings have a direct impact on revenue. The bottleneck of productivity: legal departments. Volatile market conditions, complex business relationships and legal frameworks increase their workload. One solution to up efficiency and reduce costs is legal tech and automated contract review.

                We provide an overview of which software can effectively support which contract management processes, how users can ensure high quality in contract review tools, and how legal departments can improve their future readiness.

                Golden 20s? Challenges in Contract Management

                On average, companies lose more than 9% in sales due to slow contract management processes . This is the conclusion of a study by the World Commerce and Contracting association. The economic impact of slow contract processes varies, depending on industry and company size . But anyone who works in  legal will be able to confirm: Contract management is time-consuming as it involves a lot of manual effort.

                According to an EY study, the workload will increase by an average of 25% in the coming years without any increase in staffing. That’s why investments in technology will skyrocket and demand is already increasing. While 70% of companies have developed a technology strategy for their contract management, 99% lack the data and technological foundation to implement effective change.

                Legal Tech is a buzzword that’s never missing from any discussion about more efficient processes in legal departments.

                Legal Tech refers to all digital applications specifically designed to speed up legal activities, improve the effectiveness of legal support, and make it easier for people to access legal services.

                The spectrum of legal tech is wide, ranging from simple rule-based applications such as document management systems for law firms to legal tech AI, i.e. tools that automate work processes using artificial intelligence.

                In contract management, legal tech can be used in all phases of the contract lifecycle, from contract review to document archiving.

                The 5 Phases of the Contract Life Cycle

                Which lifecycle phases a contract goes through varies depending on the type of contract. Individual phases can be skipped and the order of the phases might change. In principle, however, five phases can be identified in contract management, with numerous opportunities for digital support.

                1. Initiation

                In this phase, companies decide that a contract needs to be concluded, for example because a product is being sold or a business partnership is being entered into.

                By using document automation applications, lawyers can access standardized contract templates that speed up drafting. Other digital solutions offer add-ins for text editors so users can search legal databases directly from the contract document.

                2. Negotiation

                In this phase, the terms of the contract are negotiated, including price, deliverables and liability. Employees review contract drafts and templates.

                Cloud-based software solutions can simplify the process by allowing the various parties to leave change requests and comments on paragraphs directly in the document.

                3. Conclusion

                The contract is signed and both parties exchange the necessary documents and records.

                Digital signature applications eliminate the need for on-site appointments and reduce waiting time which is unavoidable when sending documents by mail. Thanks to encryption and certification, digital signatures are often even more secure than handwritten signatures on paper (reversal of the burden of proof).

                4. Implementation & Monitoring

                The terms of the contract come into force and the services are provided. Companies monitor implementation and compliance with the contract. If necessary, they agree on changes and adjustments to the contract.

                Document Management Systems (DMS) serve as a central repository for contracts and simplify management, for example, through tagging and notification of deadlines. Contract analysis tools make it possible to extract data from contracts and identify opportunities for business development via comprehensive evaluations.

                5. Termination

                The contract is terminated or reaches the end of its term. Contract documents are archived in accordance with applicable law.

                Legally compliant archiving is a function of DMS. Documents are removed from the operational system to optimize processing power and are stored securely and searchably in cost-efficient archive systems.

                While digital solutions have long been available for managing and archiving legal documents, researching sources and creating contract templates, the actual review of contracts has hardly been accelerated. The comparison of old and new contracts, the compliance check with internal regulations, requires the expertise of lawyers. Automated contract review promises to open the bottleneck of productivity.

                Benefits of automated contract review

                • Massive acceleration of contract review
                • Fewer errors due to lack of focus
                • Consistent review quality
                • Review by departmental staff possible

                The market for automated contract review is growing. To assess the quality of the applications, it is necessary to understand the different ways in which the tools work. This is because the performance of classic automated contract review differs significantly from the capabilities of AI-based tools.

                How does classic automated contract review work?

                Without going into the workings of individual tools, classic automated contract review works according to the following principle:

                The contract is entered into the system, either as a text document or a scan of a paper document.

                The system works on the basis of defined rules or algorithms and thus searches the contract for specific clauses or language patterns.

                The system then performs pre-defined actions, including marking matches or mismatches or generating a report. If a free-text search is offered, the software only finds content if there is a 100% word match.

                Since the classic automated contract check is based on fixed rules/algorithms, it is prone to errors. As soon as contract sections are worded differently than defined, discrepancies or matches are not detected. The support provided by such tools can prepare the review by a lawyer in simple contract cases, but in many cases it increases the risk of errors.

                How well does contract review AI?

                Unlike classic contract review tools, AI-based applications work with self-learning algorithms.

                Users provide feedback to the software where it has misrecognized text passages. Over time, the contract review AI gets better and better in its results. The drawback: training takes a lot of time and is expensive. Pre-trained artificial intelligence works in a similar way. If companies already have a large number of contracts in the way they will be audited in the future, the AI can be pre-trained. This reduces the training effort for companies, but it’s costly and in most cases there is not a large enough dataset to perform reliable training. In addition, this type of AI is prone to errors, as new wording or contract components that were not included in the training are not recognized.

                The alternative is artificial intelligence that understands texts on the meaning level. These semantic algorithms do not need to be trained. They read documents similarly to humans and can recognize discrepancies and matches even in text sections that are worded completely differently.

                An example of a contract review AI of this category is semantha®. The application offers high review accuracy because it understands texts at the level of meaning. Thus, it’s possible to compare different phrasings without training. At the same time, it minimizes the risk of errors by consistently following a human-in-the-loop approach: Legal professionals and artificial intelligence work hand in hand and  combine the strengths of humans and machines.

                More info on semantha for contract review

                The future of (automated) contract review

                Legal tech is about to fundamentally transform the way legal departments work. Investment in contract management tools will increase significantly in the coming years. Out of sheer necessity.

                While automation is already commonplace in other areas of business, the automation of legal processes is only starting to take off. With the rapid progress in artificial intelligence, it is now more and more possible to outsource demanding tasks to AI, tasks that previously required human judgment.

                Among lawyers, this evolution is viewed quite critically. And understandably so. However, the concern about becoming replaceable and losing jobs to AI is holding back the digital transformation of legal departments.

                Instead of viewing AI as competition, lawyers should see the smart tools for what they are: Tools whose value depends on how they are used. It’s true, the technology will change how lawyers work, but it’s also true that these tools will increasingly become a necessity for achieving competitive efficiency.

                What are the use cases for AI in your legal department?
                Schedule a free strategy session with one of our AI experts.

                This is an article written by Moritz Maier at thingsTHINKING.

                Share this article:

                Latest articles

                Shape Robotics teams up with Channel Tools: Shaping the future of Smart Learning Environments

                Shape Robotics has strategically partnered with Channel Tools to transform classroom experiences…

                Read More

                Channel Tools partners with Quantum Dice to offer QRNGs for trusted cybersecurity

                Channel Tools integrates Quantum Dice's cutting-edge Quantum Random Number Generator (QRNG)…

                Read More

                Transforming Business Operations with mpro5: A Comprehensive Guide

                mpro5 offers a versatile platform comprising four key components: the mpro5 App, Web Portal,…

                Read More

                See all articles

                Join our Partnership Program

                There are many benefits partnering with us. Simply complete the form at the bottom of this page to discuss how the program can sky-rocket your visibility in any technology market place. We have huge experience in the creation of new channels – and we can create introductions, leads and business opportunities for your sales teams.

                Join us

                Want to know how a Channel Partnership could benefit your business?

                Complete the form below and one of our team will call you back:


                  Understanding the world of cameras

                  Understanding the world of cameras

                  Bryony sandy Channel Partnerships

                  By Bryony Sandy
                  24th November 2022

                  Introduction

                  Are you looking for a way to keep your organisation safe and secure, monitor certain spaces or moderate, monitor and comply with any policies and guidelines within your industry, but you’re not sure where to start? but you’re not sure where to start? There are a number of camera solutions that could suit your needs.

                  But which video technology solutions are available and how can they benefit your business? First, let’s look at the different types of cameras.

                  IP/PTZ/Fisheye

                  IP camera’s, or Internet Protocol camera’s, are commonly used for surveillance but unlike CCTV cameras, they require no local recording device, only a local area network. These cameras receive control data and send image data via an IP network.

                  A PTZ (pan-tilt-zoom) camera is built with mechanical parts that allows them to swivel from left to right, tilt up and down, and zoom in and out of a scene. PTZ cameras are a great option for providing wide coverage, covering blind spots or large areas with a single camera.

                  Fisheye cameras offer a panoramic view with a wider angle offering up to a 360-degree field of vision. They are typically used to cover larger geographic areas and expansive locations.

                  Available Options

                  IP PTZ cameras from Bolide Technology can quickly move between user-defined presets, tours, and positions. Using premium components provides extended life span and millions of rotations. They are auto-tracking, meaning they follow moving persons and objects as they enter and exit the camera’s view. Contact us to learn more about the options available or take a look for yourself.

                  Where do you want your video footage stored?

                  The first video recorder to note is a digital video recorder (DVR). These are electronic devices that records video in a digital format to a disk drive, USB flash drive, SD memory card, SSD or other local or networked mass storage device.

                  DVRs connect to security cameras with an analog video cable and provide a more budget price for multiple cameras, however, multiple cables are required. Another thing to note is that the analog signals power decreases with distance so if you were looking to capture video at a large distance, this can lead to poor video quality due to a weaker signal. Although some DVRs offer audio connections, they don’t always have enough audio ports for every camera.

                  Another option is a network video recorder (NVR) which records video footage and stores it on a hard disk, a mass storage device, or cloud storage. They are paired with digital IP cameras to create a video surveillance system.

                  An NVR receives pre-processed video files from IP cameras over ethernet cables or wireless connection. Comparing to a DVR, NVRs only need one cable to send power and signal. They also use newer technology such as AI motion detection and audio so may be a better option for your business if audio and a better signal are required.

                  Mobile Video Solutions

                  Depending on your needs, a mobile video solution may be a great option as they can easily be moved from location to location. There are a range of mobile video solutions available on the market including Mobile Dashcams, Mobile DVRs and Mobile Cameras.

                  As well as remote monitoring of mobile assets, Mobile Dashcams are very useful for vehicle surveillance. Do you have a fleet of vehicles? Mobile Dashcams can help with any potential accident insurance claims, reduce insurance premiums and can be used to record driver behaviour. Keeping your staff safe is important and Bolide Technology can also provide driver behaviour alert systems which helps drivers stay alert and focused, reducing vehicle accidents. Distractions and signs of fatigue are detected and the driver’s attention to the road is monitored with visual and audible alerts in real time.

                  Conclusion

                  Each camera solution has its own benefits and drawbacks. It is also important to consider what resolution and data you will need to be best suited to your needs. We work with Bolide Technology, a worldwide manufacturer and ISO 9001:2008 certified distributor of CCTV surveillance products and accessories based in Southern California, to provide all your camera needs. Still not sure which camera solutions are best suited for your requirements? Contact us today to learn more.

                  Contact Channel Partnerships directly by calling: 01923 618099
                  Or email: info@channel-tools.biz

                  Share this article:

                  Latest articles

                  Shape Robotics teams up with Channel Tools: Shaping the future of Smart Learning Environments

                  Shape Robotics has strategically partnered with Channel Tools to transform classroom experiences…

                  Read More

                  Channel Tools partners with Quantum Dice to offer QRNGs for trusted cybersecurity

                  Channel Tools integrates Quantum Dice's cutting-edge Quantum Random Number Generator (QRNG)…

                  Read More

                  Transforming Business Operations with mpro5: A Comprehensive Guide

                  mpro5 offers a versatile platform comprising four key components: the mpro5 App, Web Portal,…

                  Read More

                  See all articles

                  Join our Partnership Program

                  There are many benefits partnering with us. Simply complete the form at the bottom of this page to discuss how the program can sky-rocket your visibility in any technology market place. We have huge experience in the creation of new channels – and we can create introductions, leads and business opportunities for your sales teams.

                  Join us

                  Want to know how a Channel Partnership could benefit your business?

                  Complete the form below and one of our team will call you back:


                    Data-Driven Decision Making with Advanced Vision AI & Analytics

                    Data-Driven Decision Making with Advanced Vision AI & Analytics

                    Kewal (Gibble) Gupta at Channel Partnerships

                    By Kewal Gupta
                    13th June 2022

                    Organisations are increasingly turning to AI-driven technologies to analyse data, trends, and performance. With growing competition and time constraints, organisations of all sizes and across every sector increasingly need to make quicker decisions to win more customers and achieve their goals. Many of these organisations see real-time data analysis as a critical component of their plans to measure and affect changes, such as enhancing customer experience, increasing safety, and improving product quality.

                    As a result, organisations across all sectors are looking at AI-driven technologies such as Video Analytics to analyse real-time images and videos. Computer Vision Analytics enables live data analysis and decision making. It applies deep learning techniques to captured images and video streams collected from intelligent cameras.

                    Introducing Viana from meldCX

                    In response to the increasing demand for sophisticated vision analytics tools, Australian AI company meldCX™ has developed Viana™, an AI-powered vision analytics solution that allows organisations to leverage vision analytics software through a straightforward interface to gain real-time insights from images and videos.

                    Viana employs Synthetic Learning, Vision AI and edge inferencing to capture human and vehicle activity across various use cases to produce insights. By deploying Viana, organisations can quickly measure and react to how customers work, shop, learn and play in physical and digital environments without complicated hands-on AI development.

                    Teaching Machine Learning Model with Synthetic Data

                    Viana™ creates solutions through the GAN (General Adversarial Networks) method by using a game engine, like a virtual 3D environment, to create synthetic data in its virtual world. The result is better privacy compliance for the customer, as no identifiable data is captured, alongside reducing costs in the data-gathering stage of the machine learning workflow.

                    Viana™’s impressive edge stack includes cameras, sensors, an inference engine, and a media player. Requests are sent in real-time to the cloud for processing, and business intelligence data is then pushed into the Viana™ interactive dashboard, ready for end-users to view.

                    Available as a SaaS solution, Viana™ has a variety of buildable out-of-the-box AI modules for Anonymous Audience Measurement, Signage Content Effectiveness, Traffic Measurement, Licence Plate Recognition, Parking Management, People Counting, Zone Engagement, and Programmatic Advertising. In addition, meldCX has custom solutions for highly specialised use cases supported by bespoke model training and delivers results in shorter time frames at lower costs.

                    Viana™ allows organisations to analyse images and videos using machine vision and artificial intelligence data without latency issues because all processing is done at the edge. The solution is trained using anonymised synthetic data, ensuring that any data collected is anonymised and secure.

                    Organisations also have the choice to consume Viana™ in multiple ways; Ready to Go, Bring your own AI model, and a bespoke or personalised offering.

                    Learn more about the Viana™ solution

                    meldCX aims to simplify IoT, AI, and computer vision with the Viana™ solution, so organisations can effortlessly access the cutting-edge technology to deliver exceptional customer experiences. Organisations of all sizes can now use AI-driven vision analytics technologies, leveraging the expertise and experience of meldCX to deploy elegant AI data-driven business enhancements.

                    meldCX is working in partnership with Tech Data and Channel Partnerships to help organisations evaluate their visual analytics solutions. Channel Partnerships can set up a meaningful and tailored demonstration that will show the Viana™ solution working for a real-world evaluation.

                    Contact Channel Partnerships directly by calling: 01923 618099
                    Or email: info@channel-tools.biz

                    Share this article:

                    Latest articles

                    Shape Robotics teams up with Channel Tools: Shaping the future of Smart Learning Environments

                    Shape Robotics has strategically partnered with Channel Tools to transform classroom experiences…

                    Read More

                    Channel Tools partners with Quantum Dice to offer QRNGs for trusted cybersecurity

                    Channel Tools integrates Quantum Dice's cutting-edge Quantum Random Number Generator (QRNG)…

                    Read More

                    Transforming Business Operations with mpro5: A Comprehensive Guide

                    mpro5 offers a versatile platform comprising four key components: the mpro5 App, Web Portal,…

                    Read More

                    See all articles

                    Join our Partnership Program

                    There are many benefits partnering with us. Simply complete the form at the bottom of this page to discuss how the program can sky-rocket your visibility in any technology market place. We have huge experience in the creation of new channels – and we can create introductions, leads and business opportunities for your sales teams.

                    Join us

                    Want to know how a Channel Partnership could benefit your business?

                    Complete the form below and one of our team will call you back: