Whiteboard Wednesday: The Platform Economy

Companies have entered a new era of business: the Platform Economy.

From Alphabet to Amazon, the most valuable and useful companies today are built using the platform model. Platforms by nature are open and multi-sided, allowing businesses to automate processes and streamline efficiency.

For a contract management, having that open, multi-sided platform that connects to a CRM, procurement system, and provides analytics and metadata expands the opportunities for revenue and scalability. Formerly manual tasks such as email, Word, and e-signature happen all within the platform now, and automation is simple.

Keeping all people, processes, and tools within a platform is how modern businesses are expanding faster and smarter. To find out more about the platform economy, watch the Whiteboard Wednesday video below.