Transforming Agreement Processes in Enterprise Platforms
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Key Takeaways
⇨ Agreement signing is an important procedure as it contains crucial data that includes specific terms in any individual document.
⇨ A long-standing SAP partner, DocuSign organizes an annual customer event, Momentum, during which organizations learn how agreement workflows can be improved with the help of AI.
⇨ In this year's Momentum, SAP users will be able to assess ways in which their current agreement workflows are run and see how they can be optimized with AI and unified contract management platforms.
SAP users know that partnerships and collaborations are highly important for a business to thrive. Especially for those offering services, signing agreements is a necessary part of operations. Whether for employee onboarding, MSAs, legally binding contracts, procurement RFPs or internal forms, signing an agreement is an important step in these processes. Agreements contain crucial data that includes specific terms in any individual document, trend data across multiple agreements, and even metadata about the agreement in general. As companies grow, so does their data, and traditional PDF documents may not be as effective anymore for the overview and analysis of the agreements.
This development is the reason why DocuSign, a company that allows organizations to manage electronic agreements with e-signatures on different devices, currently pursues innovation in that process. A long-standing SAP partner, the company organizes an annual customer event, Momentum, during which organizations can learn how contract management can be improved with the help of AI.
During Momentum 2023, DocuSign presented a way in which contract management can be optimized: artificial intelligence. With AI, companies will be able to generate a new agreement using only a few clicks, while verifying a customer’s identity will be as quick as taking a picture on a phone. DocuSign executives shared that the adoption of AI in contract management will lead to a variety of gains, including easier access to data in agreements, analysis of insights from the data points using intelligence, and automatic agreement orchestration.
This year, DocuSign is holding a Momentum event again from April 10-11 in New York City. Aimed to further explore ways in which contract management can be improved, the event will allow organizations to also share their success stories, learn best practices, and network. For SAP users, the event may also be an opportunity to assess ways in which their current agreement workflows are run and see how they can be improved with the help of AI and a unified contract management platform.
