DocuSign recently unveiled the latest release of its flagship DocuSign product. The newest product introduces an extensive set of improved features to help customers achieve the long-sought after goal of replacing the expensive and slow use of paper in all contract execution processes.
This latest release of DocuSign automates the entire contract execution process, further enhancing the most powerful solution available in the marketplace today. As a SaaS (Software as a Service) offering, DocuSign's automated contract execution services can be deployed very quickly into existing business processes such as sales contract execution, new account openings, HR forms processing and document transaction processing.
According to Xerox research, businesses annually print over 18 trillion pieces of paper at a cost of $4 billion. But that figure pales in comparison to the more than $120 billion businesses spend each year to manually process paper. Compounding this enormous problem is the skyrocketing cost of transporting paper for signatures due to the high cost of fuel.
By turning to DocuSign, enterprises are able to remove paper from the contract execution process and replace it with a fully secure electronic transaction. The profitability impact for enterprises using DocuSign has been very positive, saving more than 90 percent in paper processing costs while increasing sales contract close rates by more than 200 percent.
"Current economic conditions call for lower operating costs, higher revenue capture rates and reduced energy use," said Matthew Schiltz, DocuSign's president and chief-executive. "DocuSign's electronic contract execution automation system has allowed our customers to run leaner, greener, faster and more profitably. Electronic contract execution automation is a high growth category and our latest enterprise product release further extends our market leadership."
Proven for mission-critical applications, the latest DocuSign release incorporates more than 20 completely new customer-driven features and enhancements to DocuSign's current offering. It introduces numerous new and extended capabilities that reinforce the suitability of DocuSign for mission-critical enterprise applications, while enhancing flexibility and improving the user experience for both senders and signers.
A powerful Web-based dashboard lets enterprises flexibly optimize and control the process of prepping and routing documents, collecting data, obtaining signatures and archiving contracts. It also provides technology for capturing business data and incorporating it into other processes. The entire process can be configured on the fly - or locked down for compliance needs - and can include people both inside and outside the company.
The following advancements are included in the latest version of DocuSign: real-time eForm data collection using the new SecureFields technology; PowerForms, which are secure DocuSignable PDF forms that can be distributed in any fashion and can be electronically signed and routed with centralized control; bulk sending with data integration; freeform signing which allows simple contracts to be signed by the recipients by dragging and dropping their signature, initials and other elements into the document where the contract indicates; intelligent document recognition; and expanded Web services API.