Simplifying Agreement Workflows and Collaboration with Docusign
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Businesses often struggle with delayed deals, complicated signup processes, and financial losses when vendors fail to meet contractual obligations. These issues stem from outdated agreement management practices that rely on traditional tools like word processors, emails, and basic digital storage. This not only slows down the drafting, negotiation, and management of agreements but also leaves completed agreements as unstructured, hard-to-access files. According to a Docusign and Deloitte study, this results in an annual global economic loss of $2 trillion.
To overcome these challenges, there is a clear need for an end-to-end agreement management system that uses AI to automate manual tasks and support businesses at every step, helping them avoid what Docusign calls the “Agreement Trap.”
Docusign’s Intelligent Agreement Management (IAM) platform, a SaaS category transforms how businesses handle agreements. Docusign IAM integrates advanced AI to streamline contract creation, enhance negotiation outcomes, and provide strategic insights. The platform supports collaborative, automated agreement creation and integrates with systems like SAP for faster, more secure commitments. It also features tailored applications, a no-code workflow designer, and enhanced integration with key business systems, all centralized in an intelligent repository to improve efficiency, reduce costs, and minimize risks. Docusign IAM applications give businesses the tools they need to get the most out of their agreements. For example, the preconfigured IAM Core application simplifies the entire agreement process, helping companies close deals faster with customized, automated workflows. With secure, instant signing available on any device, businesses can reduce risks like fraud and abandonment while keeping customers happy. These applications also turn static documents into valuable resources that drive smart decisions and help meet obligations.
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Managing agreements with multiple parties can be tricky, especially when it comes to keeping track of different versions and monitoring progress. Docusign IAM solves this by providing a single, cloud-based document that stays up to date throughout the entire process. From negotiation to signing and renewals, everything happens in one place, so everyone involved can easily see the latest version and stay on the same page. IAM tracks real-time updates, logs actions, and keeps the workflow running smoothly.
Agreements are the backbone of business operations, whether they are sales contracts, offer letters, or invoices. But many teams struggle to manage these agreements effectively, leading to delays, unanswered questions, and underutilized technology investments due to poor integration with essential systems. Docusign IAM helps overcome these challenges by streamlining and optimizing the agreement process from start to finish.
