February 06, 2008

DocuSign Releases DocuSign Professional 2.0 with Intelligent Document Recognition Capability

 

New technology automatically assigns exact signature locations and signing workflow to speed completion of contracts

SEATTLE, WA (February 06, 2008) – DocuSign, the leading Web-based electronic signature service, today announced the availability of DocuSign Professional 2.0, continuing the company’s leadership in delivering technology innovation, ease of use and the business benefits of the electronic signature process.

DocuSign Professional 2.0 includes Intelligent Document Recognition (IDR), an exclusive technology that automatically recognizes where electronic signatures and initials should be embedded within business documents. Using DocuSign’s new IDR technology, documents containing complex signing requirements and workflow can be prepared in just a few clicks. The power of IDR to automatically apply a pre-defined custom document workflow allows even complex, multi-party contracts to be accurately prepared with precise signature placement in a matter of seconds. Having this advanced capability transforms contract and document workflow processes by eliminating the time it takes to physically route, sign and complete documents.

DocuSign Professional 2.0 and IDR are significant advances from DocuSign and for Amica Life Insurance. “During our initial deployment we experienced significant advances in how quickly and easily we could send business-critical documents out for e-signature and completion by customers,” said Duncan Hannah, Assistant Vice President, Amica Life Insurance. “This will enable us to be more responsive and helpful to our customers as well as more efficient as a company. DocuSign Professional 2.0 is intuitive and easy to use and IDR will enable us to use it with more complex documents.”

DocuSign Professional 2.0 and its unique IDR, DocuSign Templates and workflow management features were engineered in response to customers’ requests for automating the process of preparing documents for signature. As Tom Gonser, Co-Founder and Vice President, Product Strategy, at DocuSign explains: “We listened closely to how our customers have used and benefited from DocuSign Professional. It became clear to us that by enabling our software to read documents and automatically apply the exact signature and initial locations throughout the document, we would deliver significant advantages in how quickly and accurately our customers could send and complete e-signed transactions. We are delivering powerful solutions for enterprises that transform contract and document workflows, make our corporate customers much more efficient and help them grow revenue faster.”

In addition, DocuSign Professional 2.0 provides a powerful new Bulk Sending feature that allows a contract to be sent to a list of thousands of recipients from a database, automating the sending process much in the same way mail merge works. However, Bulk Sending goes beyond typical mail merge capabilities because the contracts sent can be signed, routed and stored securely.

With the release of DocuSign Professional 2.0, DocuSign continues to deliver the innovation, ease of use and customer benefits that have made the company the number one enterprise-class web-based electronic signature service with more than seven million signature events worldwide. DocuSign’s electronic signature service has driven large, quantifiable impacts on profitability. Customer sales contract close rates have tripled or more, cycle time to sign and complete documents has decreased more than 95 percent, and paper costs can be cut 90 percent or more. These large, positive customer impacts on profitability have fueled DocuSign’s dramatic growth in 2007 including a sales increase of more than 400 percent.

About DocuSign
DocuSign offers a Web-based electronic signature service that provides the simplicity, speed and security required to electronically sign and store documents. Designed from the ground up for enterprise-class usage, this service integrates the technical infrastructure and legal compliance needed to operate an end-to-end electronic signing service that replaces the old pen-and-paper process. DocuSign customers span a variety of industries and range from the largest corporations to the smallest branch offices. These customers trust DocuSign to help them increase revenue and sales close rates, decrease costs and accelerate business velocity. DocuSign also offers a direct, positive impact on our global environment by reducing paper consumption and transportation emissions. For more information please visit www.docusign.com. DocuSign and the DocuSign logo are registered trademarks of DocuSign, Inc.