DocuSign, Inc. (DocuSign) the procurement industry standard for Digital Transaction Management, today announced that it is further streamlining digital commerce through deeper integration with Ariba, an SAP Company and the world’s business commerce network. With the latest release of DocuSign for Ariba, a cloud-based solution integrated with the Ariba Network, procurement teams can execute completely digital purchasing processes from start to finish to further reduce costs and supply chain risk while enhancing transaction experiences. The solution will be unveiled at Ariba LIVE, the premier business commerce event of the year being held March 17-19, 2014 at The Cosmopolitan of Las Vegas, of which DocuSign is a platinum sponsor.
“DocuSign and Ariba have a long history of creating better, faster, more secure ways to transact business on a global basis,” said Keith Krach, chairman and CEO of DocuSign and former founder, chairman and CEO of Ariba. “By integrating our solutions, we can help organizations of every size, industry, and geography manage contracts digitally to streamline purchasing, reduce costs and supply chain risk, and delight customers, partners, vendors, and suppliers.”
With DocuSign for Ariba, customers can now keep documents 100% digital and send them for signature directly from within their Ariba contract workspace via DocuSign. DocuSigned contracts are automatically returned to the same workspace for a seamless, end-to-end electronic contracting process. DocuSign for Ariba helps procurement teams:
• Simplify processes From purchase orders to MSAs and RFPs, DocuSign helps companies simplify purchasing with pre-set routing and approval workflows that accelerate the speed of business.
• Reduce costs DocuSign eliminates printing, faxing, scanning, overnighting, and time chasing down contracts to get information and signatures.
• Execute contracts faster DocuSign makes it easy, fast, and secure to get documents routed, signed, and returned online in minutes anytime, anywhere, on any device.
• Reduce risk, increase compliance DocuSign offers a complete, legally binding audit trail that helps businesses comply with internal policies, signing levels and authority, and document retention to reduce risk.
“In today’s digitally empowered global economy, companies must be able to connect and collaborate across the entire commerce process in a seamless manner,” said David Johnston, vice president, Channels and Alliances, Ariba. “In teaming with DocuSign, we can enable a completely automated procurement process that drives both efficiencies and competitive advantage.”
Leading procurement organizations have standardized on DocuSign’s Digital Transaction Management platform to streamline management of suppliers, vendors, and contract processes. Procurement departments use DocuSign to accelerate transaction times to increase satisfaction, slash costs, and reduce supply chain risk.
“The best business leaders seek to learn from each other on how to improve their customer experience, quality, and bottom line,” said Barry Wiegler, advisor to B2B industry organizations and founder and former sixteen year CEO, Sourcing Interests Group. “There is no hotter interest area right now in procurement than keeping business digital and no hotter technology than DocuSign to make it happen. With its integration with procurement industry leader Ariba, DocuSign helps streamline and automate purchasing processes to accelerate the speed of business.”
“DocuSign is the standard for Digital Transaction Management in the procurement business,” said Jack Miles, managing partner at MainSpring Advisors, former Secretary of the State of Florida Department of Management Services, and former head of procurement for companies including AIG, CA, CIBC, and Travelers. “DocuSign leads the industry with its world-class transaction management platform that helps global supply chain organizations streamline purchasing, slash costs, and minimize risk.”
“DocuSign has made it easier to do business with HP,” said John Hinshaw, executive vice president of technology and operations at HP. “Documents that used to take five to six weeks now can take just hours. It is probably the fastest ROI of any software we’ve rolled out.”
“As consultants that help organizations quantify the value of technology, we’ve found enterprises slashing procurement processing costs by up to $50 per document and reducing contract turnaround by as much as 65 days with DocuSign,” said Bob Foote, co-founder and managing partner at IntelliCap, a leading value engineering firm. “Similarly, one of the top three U.S. insurance carriers who reports sending out 200 million documents for signature each year projects to reduce ‘NIGO’ to zero and save more than $20 per procurement contract with DocuSign. That’s astounding ROI.”
Businesses rely on DocuSign for procurement because the company’s Digital Transaction Management platform and eSignature solutions are the safest, most reliable, and secure in the industry. Customers using DocuSign leverage DocuSign’s global information security management system (ISMS) that’s examined and certified to the highest international security standards, including ISO/IEC 27001.
Contact: Jennifer Fleming, TallGrass PR
P: 605-275-4075 - E: jennifer.fleming[.]tallgrasspr.com.
About DocuSign, Inc.
DocuSign® (docusign.com) is The Global Standard for Digital Transaction Management™. Global enterprises, business departments, individual professionals, and consumers have standardized on DocuSign, with more than 40,000 new users joining the DocuSign Global Network every day. Today, that network includes millions of users in 188 countries. DocuSign's DTM platform supports legally compliant electronic and digital signature processes tailored to meet requirements globally with localization in 43 languages. Companies and individuals DocuSign to accelerate transaction times to increase speed to results, reduce costs, increase security and compliance, and delight customers across nearly every industry from financial services, insurance, technology, healthcare, manufacturing, communications, real estate, retail, and consumer goods to higher education, non-profit and others as well as every business department, including sales, finance, operations, procurement, HR/staffing, legal, and customer support.