DOCUSIGN UNVEILS NEW AI-POWERED "INTELLIGENT AGREEMENT MANAGEMENT" PLATFORM FOR NEW SAAS CATEGORY
"Agreements are the foundation of every business, but the way people manage them is stuck in the past," said
THE AGREEMENT TRAP
Most companies today have fallen into the "Agreement Trap," where outdated agreement systems and processes slow their businesses down and trap business-critical information inside static, flat files, unconnected to existing systems of record.
The cost of these disconnected systems and processes is significant. An upcoming study from Deloitte* estimates that, on average:
- 25,000 hours are wasted every year, per function, when developing agreements.
- 6,000 hours are wasted every year, per function, when organizing, storing, and managing agreements.
- 14,000 hours are wasted every year, per function, when analyzing agreements for insights.
In total,
"Working with nearly 90% of companies in the Fortune 500, we have seen how outdated methods of managing agreements have tangible negative impacts on businesses of all sizes — from decreased sales, to lost productivity, to increased costs," said
THE
The
"Recent advances in AI, when combined with our deep experience in the agreement space, have allowed us to build powerful new capabilities for businesses of all kinds," said
With
-
Create agreements in a way that is collaborative, automated, and integrated with all their business processes and systems like Customer Relationship Management (CRM),
Human Capital Management (HCM), and Enterprise Resource Planning (ERP). - Commit to agreements faster, more securely, and with a better end customer, partner, and employee experience.
- Manage agreements by unveiling the information hidden within, unlocking value and reducing unnecessary risk.
These new capabilities will be made possible by the new platform services that will be part of
-
Docusign Navigator is a smart repository that enables organizations to centrally store, manage, and analyze agreements from any source. More than just document storage, Navigator is powered byDocusign AI, to effectively transform unstructured agreements into structured data. With this data unlocked, Navigator makes it easy for users to find agreements, access vital information quickly, and gain valuable insights from their agreements. No more wasted time, lost revenue, and unnecessary exposure to risk due to a lack of agreement visibility. With Navigator, users can drive efficiencies across the organization, uncover opportunities to reduce costs, and increase agreement oversight and security. -
Docusign Maestro helps users create flexible, customizable agreement workflows that are fine-tuned to their needs without needing to write a single line of code. Gone are the days of needing coding skills and hours of work to create end-to-end workflows. With Maestro, users can configure custom workflows in minutes — combiningDocusign capabilities like eSignature, ID verification, and data verification with third-party apps to connect to their business processes. In the future, users will be able to leverage our pre-configured workflows built to address common use cases like customer, vendor, and employee onboarding and KYC compliance requirements. -
Docusign App Center builds upon our ecosystem of developers and partners, so users can now easily discover, install, and connect a wide variety of apps to integrate their existing systems intoDocusign IAM. Users can connect HubSpot and Salesforce to record customer information; ServiceNow to trigger a new workflow; Quik! to extract agreement data; Stripe to generate a payment subscription, or Box, Dropbox,Google Drive , Microsoft OneDrive or Sharepoint, and Prisidio to archive completed documents with — with more apps to come.
With these new platform services and the capabilities of the
- IAM for Sales: Sales teams will be able to close deals faster by generating smart contracts and seamlessly connecting agreement processes with CRM systems.
- IAM for Customer Experience: Product managers will be able to create elegant agreement experiences that improve conversion, reduce abandonment, and deliver a frictionless experience.
-
IAM Core: Any team not directly served via an "IAM for X" application can customize their own solution with
Docusign IAM Core. Teams can design their own agreement management experience using our modular platform services, build their own apps on top, or customize with an app from theDocusign App Center.
In the near future,
- IAM for Procurement: Procurement teams will be able to streamline the source-to-pay process, mitigating risks and delays, and then ensure that agreement terms are met on time.
-
IAM for Human Resources: HR teams will be able to deliver world-class employee-agreement experiences, from hire to retire, with integrations between
Docusign and key HR tools.
A NEW SAAS CATEGORY: INTELLIGENT AGREEMENT MANAGEMENT
"Unlocking the value of the data currently trapped within agreements and documents has been a huge issue for almost every organization," said
The launch of
"
AVAILABILITY
The
*Source: Deloitte &
About
Media Relations
media@docusign.com
Investor Relations
investors@docusign.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/docusign-unveils-new-ai-powered-intelligent-agreement-management-platform-for-new-saas-category-302113831.html
SOURCE