today’s ecosystem implies multiple custom contracts with embedded policies that are not machine-readable, organisations must analyse each document and extract policies from interpretation.

then an organisation will need to go ahead and design their products and create the document that it considers more appropriate – which is likely to be custom and different from those of the suppliers.

this also carries expensive and extensive integrations with suppliers that are also customers, suppliers’ compliance checks are lengthy and cumbersome as they need to involve everyone in the supply chain.

by using an open-standards digital bundle that includes human and machine-readable contract terms, policies and asset definitions, the friction to generate products is reduced to the minimum.

the supply chain consumes now the same digital bundle at both ends, allowing clients to sell to their suppliers where allowed.

suppliers can accelerate and standardise compliance checks by contacting the clients directly and will only need to see the assets relevant to them.

organisations have a much faster time to market by enabling product owners to design and commercialise, providing detailed and birds’ eye view of policies and assets.

compliance teams have a lower cost of ownership when they perform checks, and these assessments could become unmanned,

where allowed, the extension of product offerings has a significant reduction in total cost of ownership, as there is consistency in the language across the entire chain.