In the dynamic landscape of contemporary business, two key players stand out for driving efficiency: eSignature and contract management. Amidst a backdrop of cumbersome paperwork and fragmented processes, the innovative solutions from DocuSign emerge as a beacon of clarity and cohesion.
Streamlining Contract Processes Across Departments with DocuSign
Contracts form the backbone of business dealings, but the process can be fraught with challenges.
The traditional way? It’s often a complex dance between departments like legal, procurement, HR, and IT, fraught with potential for errors and delays. And the smarter way? Consider integrating DocuSign CLM with the ServiceNow Platform. This approach smooths out the kinks, fostering cooperation across teams and streamlining the contract process without the usual system-juggling.
What is Contract Lifecycle Management?
Contract Lifecycle Management (CLM) isn’t just a fancy term – it’s an essential cog in the business machine. It encompasses everything from vendor contracts to intellectual property agreements.
The impact? According to Forrester, manual or inefficient processes are the Achilles’ heel for 98% of organisations. Efficient CLM doesn’t just save time; it’s like finding a golden ticket to improved sales and minimised risks.
Streamline ServiceNow Workflows with DocuSign CLM Spoke
DocuSign CLM Spoke, now available in the ServiceNow store, revolutionizes contract workflows, boosting productivity and saving time:
• Initiate and Manage: Start CLM workflows directly within ServiceNow, seamlessly transferring and generating data-rich documents and contracts.
• Document Integration: Easily add and manage third-party contracts in ServiceNow, with the capability to receive updated documents from CLM.
• Data Synchronization: Automatically update ServiceNow with any changes from CLM during negotiations, ensuring data consistency.
• Workflow Tracking: Monitor CLM workflow statuses and import audit histories into ServiceNow for comprehensive oversight.
How Does the DocuSign CLM Spoke Work?
Picture this: your procurement team needs to onboard a new vendor. With the DocuSign CLM Spoke, the process is seamless. The system automatically generates the required NDA, pre-filled with the vendor’s details, ready for e-signature. It’s like having a personal assistant who knows exactly what you need before you do.
eSignature is Key in Streamlining Document and Contract Management
eSignature technology transforms the management and execution of documents and contracts. Eliminating traditional paper processes, it speeds up agreement cycles, bolsters legal compliance, and improves auditability for more efficient business workflows.
DocuSign eSignature in Numbers
DocuSign eSignature epitomises efficiency and reliability in the digital age.
It’s not just about swift agreements, with 44% completed in 15 minutes or less and 79% within a day, but also significant cost savings, averaging $36 per document. Additionally, it boasts a remarkable 99.9% uptime, ensuring consistent availability without maintenance interruptions. Complementing this reliability, DocuSign offers over 400 secure, pre-built integrations, seamlessly connecting with the daily applications businesses rely on.
Improve Customer Experience with DocuSign eSignature
DocuSign eSignature elevates the customer experience in today’s expectation-driven world, delivering convenience, speed, and security. It’s an all-encompassing solution that enhances every aspect of the agreement process:
- Versatile Signing Options: Empower customers to sign any agreement on almost any device, offering flexibility and accessibility whether they’re using a laptop in London or a smartphone in Sheffield.
- Customised User Experiences: Enhance engagement with custom branding and responsive signing, creating an intuitive experience tailored to your customer’s needs.
- Intelligent Features for Efficiency:
o Prefilled Data: Save time with automatically populated agreement fields.
o Guided Forms: Simplify the process with easy-to-follow form structures.
o Digital ID Verification: Ensure authenticity and security in every transaction.
o Integrated Signing and Payments: Streamline the agreement and payment processes in a single, secure workflow.
Enhance Efficiency and Cut Costs with DocuSign
DocuSign streamlines your business operations, enabling teams to swiftly prepare, route, and approve agreements. This allows them to focus on strategic goals rather than get bogged down by administrative tasks. Key features include:
- Dynamic Document Generation: Quickly create documents using a variety of templates.
- Collaborative Tools: Work together effectively with comment capabilities and shared templates.
- Configurable Workflows: Easily adapt workflows to meet the demands of complex agreement challenges.
- Comprehensive Feature Set: Benefit from a full suite of tools encompassing document creation options, flexible sending choices, signer identification and authentication, and detailed reporting.
Increase security and make compliance easier
Protect your agreements with enterprise-grade security and compliance controls without sacrificing the user experience. Get an added layer of security with enhanced signer identification and robust threat detection capabilities.
DocuSign eSignature solutions comply with strict legal regulations, securely associating a signer with a document and providing the highest level of assurance of a signer’s identity.
Ready to Kick Start Your New Year with DocuSign?
The new year is a time for new beginnings. Join our webinar on 16 January to discover how this partnership can benefit your business. Plus, there’s a chance to win an exciting gift and opportunities for in-person training sessions in 2024.