Docusign has revolutionised the way organisations handle contracts and agreements, offering Intelligent Agreement Management (IAM) as a powerful, AI-assisted solution. With its ability to automate and streamline workflows, Docusign IAM significantly reduces manual effort, enhances compliance, and accelerates contract cycles. As businesses increasingly look to cut operational costs, Docusign’s IAM is becoming a top choice for enterprises seeking to modernize their agreement processes.
Docusign IAM Helps Drive Efficiency and Reduce Costs
Docusign’s Intelligent Agreement Management platform is built to transform how agreements are managed across organizations. By leveraging AI and cloud technology, Docusign eliminates manual paperwork and enhances efficiency throughout the contract lifecycle.
Recent leadership changes, including the appointments of Paula Hansen as Chief Revenue Officer and Sagnik Nandy as Chief Technology Officer, are further strengthening Docusign’s commitment to innovation. These strategic shifts aim to push the boundaries of SaaS-based IAM, delivering tangible benefits such as:
- Transforming agreement data into actionable insights
- Accelerating contract review cycles
- Boosting organizational productivity
How SaaS-Based IAM Reduces Resource Waste
Inefficient agreement management processes are costly for businesses. In fact, global estimates suggest that nearly $2 trillion (£1.6 trillion) is lost annually due to poor contract management practices. Docusign’s SaaS-based IAM helps slash these costs by providing automated workflows, reducing manual input, and streamlining operations.
Unlike traditional CRM systems that often leave agreement processes unautomated, Docusign offers no-code automation to help businesses speed up transactions, close more deals, and build stronger relationships with customers and vendors.
Key benefits of automating agreements with Docusign include:
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Customizable workflows connected to business systems or partner apps
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Faster transaction cycles, meeting customer expectations quickly and easily
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Real-time task tracking and record-keeping throughout agreement lifecycles
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Identity verification and signing processes made simple and secure
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A reduction in administrative workload, freeing up resources for core activities
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Increased efficiency, driving revenue growth and profitability
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Automated processes for generating quotes, handling standard transactions, and updating records
The Cost of Inefficiency: Insights from the Deloitte-Docusign Study
A recent study conducted by Deloitte in collaboration with Docusign sheds light on the financial burden of inefficient agreement management. Surveying 1,000 business leaders globally, the study found that up to 18% of potential business value is lost due to delays and inefficiencies in agreement handling.
Some key findings include:
- Customer-facing functions, including sales and marketing, accounted for 40% of the value lost, often due to deal delays.
- Support functions, such as operations and legal teams, represented 60% of the inefficiencies, leading to wasted time and higher operating expenses.
- 48% of respondents reported that agreement delays negatively impacted customer relationships.
Making Agreements Smarter with Docusign’s AI-Driven Solutions
Docusign’s intelligent agreement solutions help organizations streamline collaboration and manage contracts more effectively. By integrating AI-powered features and robust automation, Docusign enables users to create seamless, end-to-end workflows that simplify agreement processes.
Key features of Docusign’s IAM solution include:
- AI-powered search and analytics to enhance contract insights
- Process integrations for both upstream and downstream workflows
- Persona-based workflows that allow for tailored agreement handling
- Reduced manual input, leading to lower resource costs
- Easy access to relevant documents and requirements through a unified platform
- Digital signatures that simplify legal and compliance processes
- Faster creation and deployment of agreements, eliminating the need for manual drafts
- AI assistance in reviewing and analyzing standard documents, cutting down on time and errors
As the report highlights, nearly two out of every five companies are exploring smarter agreement management solutions, with many planning to invest in these technologies within the next three years. Explore Docusign’s intelligent agreement solutions today and unlock a new level of efficiency for your business.