by Tom Gonser on Monday November 24th, 2008
Job cuts cast dark cloud over economy – Think smart to protect your job.
CNN Money Staff Reporter David Goldman wrote an eye-opening report last Friday about the on-going economic crisis and widespread announcements of corporate job cuts, suggesting we will all see a worsening economy before we see a recovering one. What does this say to those of us still employed? One thing that comes across loud and clear…DELIVER BOTTOMLINE VALUE BACK TO YOUR ORGANIZATION! The economy has shed more than 1 million jobs so far this year, according to the Department of Labor, and first-time filings for unemployment insurance increased 542,000 in the past week – the highest since July 1992. Now more than ever before in our memorable history, increased operational efficiency and cost cutting or cost containment have become the mantra of current business times. What this means for each and every employed person in the U.S. is that they must be thinking and acting in a manner that helps their organization operate in the most fiscally responsible and effective way possible. Boil this down to the “day-to-day, in the office, how can I possibly help” level and there are some pretty basic things that can be done: Become more cost conscious – If it doesn’t need to be printed, don’t print it. If it doesn’t need to be faxed, don’t fax it. If it doesn’t need to be shipped or mailed…don’t ship or mail it. These are basic operational functions that cost companies millions of dollars every year and a major way to save your company a boatload of Ca$$$h. Become more productive – find ways to shave time off of daily work processes. Saved time = Saved Money & Possibly Earned Money = Saved Employee!
For those of you who print, fax, mail and ship any kind of document, agreement, and/or contract, DocuSign will eliminate this cost by more than 80% and reduce the amount of time it takes to process those documents from weeks to hours. According to industry analyst firm Aberdeen Group, Imagine the productivity and money gains and cost savings this provides for your company! Becoming more cost conscious, more productive (and we can help!) could be the smartest career decision you’ve ever made. Here are some ‘real-world’ examples:
Countrywide Financial reported to have spent $90M in overnight fees in 2005. By reducing the amount of paper contracts printed and sent via overnight mail, DocuSign has not only helped them reduce expenses, they are also helping reduce the consumption of trees and the burning of gas by delivery trucks and airplanes.
Expedia Inc., the world’s largest online travel agency, uses DocuSign to help speed the delivery of contracts to its corporate headquarters from locations around the world, enabling new hotel inventory to be made available for sale to customers in record time, which means that inventory can be sold faster and in higher volume as compared to waiting for overnight services and error prone faxes from around the world.
Land America Financial Group, Inc., a leading provider of real estate transaction services, is impressed with how quick and easy DocuSign has been to use for their internal team and their customers. By using DocuSign, customers are not overwhelmed by the closing process, there are fewer errors and closing can take minutes as opposed to days. Land America estimates that it saves over 75 percent on the cost of closing using eSignature technology from DocuSign.
Worldspan, a leading global provider of online travel services, uses DocuSign’s electronic signature technology to accelerate its contract signing process with over 800 suppliers and 11,000 travel agents worldwide. By replacing its outdated pen-and-paper/fax/overnight mail-based system for signing contracts, Worldspan has been able to expand its customer base internationally, streamline its global contract signing process and greatly reduce administrative time and costs.
Quadrant Homes, a subsidiary of Weyerhaeuser Real Estate Company and Washington State’s largest home builder, has reduced its sales contract process from up to six days to less than one day using DocuSign. Quadrant has also become one of the first real estate development companies to adopt electronic signatures across all its new home sales.
