The use of blockchain and cryptocurrency in sales and supply channels has added new benefits and complexities to the use of technology in contracting. So- called “smart contracts” allow computers to buy, sell, and supply products between two parties without any human intervention. Whether a hospital or clinic providing mission critical patient care, a franchisor or franchisee operating sub shops, or a designer, importer and distributor of giftware, your business could not likely survive without the software applications and processes used for supply chain management, inventory control, human resources, financial management, accounting, e-commerce, legal compliance and other key business functions. When the technology works everyone is happy. When the system crashes a business or organization can easily become crippled and the following questions will soon be asked:
• How quickly will the problem be fixed?
• Who is responsible and how will we get the system back in operation?
• What alternatives are available?
• What remedies or recourse do we have under our agreements?
• What costs or damages are we likely to incur?
• How can we avoid this happening again?
If you are the CFO, CEO, or other person responsible for selecting the technology or systems used to run your business or organization, your ability to sleep well at night may depend on whether your systems or technology will meet all of your business or organization’s functional needs and requirements. To access your company ’s technology investments, you may wonder:
vii
Made with FlippingBook - Online Brochure Maker