Makes CLM more accessible to organizations of all sizes with
fast, easy and affordable new offering
SAN
FRANCISCO, April 5, 2022 /PRNewswire/ -- As it
continues to digitally transform how agreements are prepared,
signed, acted-upon and managed around the world, DocuSign
(NASDAQ:DOCU) today introduced a new solution built specifically
for growing organizations to centralize and automate the creating,
negotiating and secure storage of their contracts. DocuSign CLM
Essentials is a new contract lifecycle management offering designed
to democratize CLM by reducing the complexity of contracting
technology, and making it more accessible for everyone in the
emerging Anywhere Economy.
CLM Essentials is a new offering designed
to democratize CLM by reducing the complexity of contracting
technology.
Announced at Momentum, DocuSign's annual customer and partner
conference, CLM Essentials builds on the company's CLM offering to
further automate the contracting process. Contract automation is
critical for growing companies who need to reach aggressive
business goals with limited resources. Relying on small legal and
operational teams to manually generate, negotiate, execute and
manage contracts slows down business, increases risk and frustrates
customers and employees. At the same time, many companies do not
have the resources and time to implement a technology solution that
will take months to set up.
"Prior to the shift to hybrid work, smaller teams might not have
felt like their contract processes were unmanageable, especially if
they were working just a few desks away from each other. However,
in the Anywhere Economy, enabling teams to get contract work done
digitally has become critical," said Antonis Papatsaras, Chief
Technology Officer, CLM, DocuSign. "DocuSign is reducing the time
and cost barriers that made CLM feel out of reach for many smaller
businesses. CLM Essentials empowers companies of all sizes to turn
manual, analog contract work into streamlined digital
workflows."
CLM Essentials offers growing small and midsize businesses
the perfect starting point to begin their contract management
journey with a streamlined solution that allows them to quickly
realize value, and also scales with them as their needs grow and
evolve. That quick start is possible as CLM Essentials has
templatized and streamlined the heaviest lift components of a
typical contract management implementation. Features include:
- Document generation template builder: CLM Essentials
customers can easily upload existing contracts and convert them
into dynamic generation templates. Users can then revise those
contracts in the online editor, rearrange fields that can be pulled
from Salesforce upon generation and create conditional logic rules
to swap out language when certain criteria are met.
- Contract process builder: Instead of starting with a
blank canvas, CLM Essentials offers pre-configured, templatized
workflows that cover the most common contract processes.
- Best-in-class Salesforce integration: CLM Essentials
allows customers to seamlessly accelerate contract work and the
quote-to-cash process via a deep integration with Salesforce.
"Many CLM vendors aspire to bring their solutions downmarket,
but DocuSign seems positioned to do so. Considering its extensive
customer base of SMB and mid-market organizations, DocuSign
understands what customers downmarket need and expect from a
contract vendor," said Ryan O'Leary,
IDC. "DocuSign already has the technologies, services and
go-to-market motions in place and should enable them to
differentiate and cater uniquely to this market segment."
Existing DocuSign eSignature customers now have a more
streamlined and cost-effective way to start automating and
connecting the steps that happen before and after an agreement is
electronically signed. If a customer's needs become more complex
over time, they can upgrade to one of DocuSign's other CLM
offerings, transferring any work configured in CLM Essentials with
a simple click.
CLM Essentials is available globally today in English, Spanish,
French, German, Portuguese and Dutch. For more information about
CLM Essentials and the DocuSign Agreement Cloud, visit
https://www.docusign.com/products/clm.
About DocuSign
DocuSign helps organizations connect
and automate how they prepare, sign, act on, and manage agreements.
As part of the DocuSign Agreement Cloud, DocuSign offers
eSignature, the world's #1 way to sign electronically on
practically any device, from almost anywhere, at any time. Today,
over a million customers and more than a billion users in
over 180 countries use the DocuSign Agreement Cloud to accelerate
the process of doing business and to simplify people's lives. Learn
more at www.docusign.com.
Media Relations
Megan Gregorio
Corporate Communications
media@docusign.com
Investor Relations
investors@docusign.com
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SOURCE DocuSign, Inc.