June 23, 2008

Prime Debt Soft Integrates DocuSign to Accelerate the Speed of Business and Dramatically Reduce the Cost of Agreement Processing

 

Debt Settlement Companies Benefit By Generating Revenue Faster, Locking Out the Competition, Increasing Client Application Return Rates and Reducing Costs

SEATTLE (June 23, 2008) – DocuSign, the leading enterprise-class electronic signature service, and Prime Debt Soft, a leading provider of managed IT solutions to credit counseling and debt settlement companies, today announced a partnership to bring the speed, security and ease of use of DocuSign to current and new Prime Debt Soft customers.

Prime Debt Soft’s software for debt settlement will now incorporate seamless access to DocuSign’s easy-to-use eSignature technology that allows customers to sign and complete documents online instead of having to deal with slow, expensive and insecure paper processes such as mail, overnight express or fax. Rather than taking days or weeks to finalize documents, Prime Debt Soft’s customers can now complete transactions in minutes. This speed and convenience has helped debt settlement companies using the Prime Debt Soft platform to improve customer satisfaction, close deals faster and lock out competitors.

One of the first companies to benefit from this partnership is Express Debt Settlement. The company helps consumers resolve their unsecured debt and had been closing deals with customers by mailing or faxing documents back and forth which took time.

“We saw the potential benefits of using eSignatures immediately and have been extremely happy with the results,” said Ari Dinov, President, Express Debt Settlement. “In just a short period of time, our sales have increased tremendously, which we attribute directly to the ease and convenience of offering a paperless transaction. The DocuSign upgrade from our existing Prime Debt Soft software was seamless and there has been no change to our existing business processes.”

The tightening credit market, combined with the poor overall economy, and increasing shipping costs translates to fierce competition in the debt settlement industry and a need for speed and efficiency. In the past a debt settlement representative would speak with a customer, create the necessary paperwork then mail, courier or fax the agreement to the customer, who was then burdened with having to receive, review, sign and return the paper documents – without missing any signatures or initials, since any errors or omissions can void the contract. In addition, in the time it took the documents to arrive, the customer could easily examine alternate options. This lengthy process was proving to be a challenge for Prime Debt Soft’s customers. Now, by integrating DocuSign’s eSignature service into Prime Debt Soft’s software platform, customers can review, sign and complete contracts and documents in record time.

“We are always looking for ways to help our customers improve the way they do business, and by combining our software with DocuSign’s eSignature service our customers are now able to finalize contracts faster and at a reduced cost,” said Eugene Karlson, Vice President of Marketing, Prime Debt Soft. “DocuSign is fully integrated. The integration is seamless and naturally fits into the concept of customer data flow within PDS. This partnership with DocuSign continues our commitment to bringing the best technologies possible to our customers.”

“Prime Debt Soft’s use of DocuSign is further validation of the widespread adoption we’re seeing of eSignatures,” said Matthew J. Schiltz, CEO and President of DocuSign. “In today’s challenging economy, arming a company with a competitive advantage that helps generate revenue faster while locking out the competition is a smart play. Plus, using eSignatures reduces operating costs and helps the environment by eliminating the need for paper, ink toner cartridges and the use of expensive mail courier services.”

About DocuSign Inc.
DocuSign offers a Web-based electronic signature service that provides the simplicity, speed and security required to sign and store documents electronically. Designed from the ground up for enterprise-class usage, this service provides the technical infrastructure and legal compliance needed for end-to-end electronic signing that replaces pen-and-paper. 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.

About Prime Debt Soft
Prime Debt Soft is a leading provider of Debt Settlement Software for debt negotiation companies. With over 6 years experience in developing software specifically for debt management industry Prime Debt Soft offers a powerful and yet flexible tool for debt settlement companies. Covering all the aspects of your debt negotiation business Prime Debt Soft Debt Settlement Software opens new venues for your debt negotiation company. Furthermore, as always our software remains the most affordable solution on the market along with our distinguished software support. Prime Debt Soft Debt Settlement software provides full scale automation for all aspects of your debt negotiation business. Starting from quote generation, document management, Prime Debt Soft leads you all the way to successful negotiation and settlement.
Software allows you to customize payment plan to each client’s individual needs. Powerful proposal tracking module keeps track of proposals from both creditor and negotiator to maximize customer savings. Accounting system is flexible enough to track client savings and make company’s fees are paid in full and on time. Software is fully integrated with both Global Client Solutions and NoteWorld payment processing services. Prime Debt Soft is headquartered in Naples, FL– for more information visit the company’s website at www.primedebtsoft.com