There are so many benefits for saving the baby's cord and encapsulating the placenta by making placenta pills. Check out the information on Evidence Based Birth https://evidencebasedbirth.com/evidence-on-placenta-encapsulation/.
Also download Dr. Shawn Tassone's presentation, The Two Way Umbilical Crd on LinkedIn. Slides describing the maternal-fetal bonding process prior to #birth that shows mothers when the fetus develops senses in utero. https://www.slideshare.net/ShawnTassoneMD/two-way-umbilical-cord