WHY US
The cross-border dispute resolution and international arbitration space is at a turning point. It is resulting in costly long-term issues, made infinitely more complex by multiple stakeholders handling it in a fragmented, piecemeal manner that inflates the costs throughout the process. The accelerated growth of data and litigation tools, the exponential enhancements and integration of AI and analytics, markets convergence, multiplicity of claim stakeholders and the increasing complexity of business are all contributing to the rise in claims management and dispute resolution costs and difficulties. Further, in the global economic climate, claimholders need to resolve payment, contractual and compensation disputes quickly.
To cater for this problem, Practiclaim offers:
Management and resolution of users’ business claims in a single, conflict-free digital marketplace
Competitive services through collaboration across expertise, organizational boundaries, and optimization methods
Free quick pre-assessment and no-cost claim evaluation of qualified claims
Solutions that help retain and improve users’ relationships beyond the core services offering, while releasing internal resources to scale up, expand businesses and focus on strategic tasks
Through a competitive bidding process, select the finest cost-for-value claim service providers for each claim and defence
Enhancing disintermediation to undercut incumbent cost structures and middleman inflated costs while generating early liquidity for users
Market revenue sharing and economic alignment of costs, interests and rewards that help foster joint working throughout the claim process and an emphasis on interdependence over competition
Resolving key friction points and allowing stakeholders to benefit from the intended outcomes
Increasing competitiveness, optimizing quality performance, and maximizing users’ interests throughout the claim process
