December 11, 2008

Express Shipping Expenses Slated to Increase by a Record 40+% in 2009; Businesses to Save Millions with DocuSign

Fortune 1000 Companies Slash Overnight and Express Mailing Expenses 80% or more by Automating Their Contract Execution Processes Online with DocuSign


SEATTLE, WA-December 11, 2008 - DocuSign® Inc., the industry leading provider of cloud-computing software services for electronic signature and contract execution announced today expense relief for Fortune 1000 companies facing the dramatic 2009 increase in FedEx (NYSE: FDX) and UPS (NYSE:UPS) express shipping rates and surcharge fees. Available today, DocuSign is announcing its "Beat Rate Increases" program which empowers companies to eliminate the expensive use of traditional mailing and express shipping services.


Within the last 60 days both FedEx and UPS issued press releases announcing plans to increase shipping rates and service and surcharge fees beginning January 5, 2009, reflecting the highest rate increase ever instituted by either company. For U.S. businesses, this record increase means millions of dollars in additional operational costs in an economy in which companies are aggressively seeking to slash operating expenses.


For example, the cost to mail an envelope from Seattle to New York via FedEx Standard Overnight Delivery starts at $23 with an additional $8.75 added for the fuel surcharge, making the total cost about $32 to ship one-way. UPS, meanwhile, will charge approximately $43 for Next Day Air with a fuel surcharge of $15. In this example, the average cost of a one-way express-delivered envelope will be about $37.50. Therefore for every 5,000 express envelopes a U.S. business sends per month, they should expect to spend over $2.4M in 2009 express shipping expenses.


Through DocuSign's "Beat Rate Increases" program, businesses who send their signature documents over DocuSign's electronic signature and contract execution service will reduce their express shipping costs an average of 80%, representing millions of dollars in immediate cost savings. In fact, more than 4,000 companies have executed over 17 million signature events using DocuSign and are already enjoying these dramatic cost savings.


According to Ric Kimbell, VP and GM of Everest University Online, "As an innovative and leading-edge educational institution, we're continuously assessing ways to improve the way we operate and because DocuSign is an on-demand business process improvement solution, we've realized immediate cost savings. With DocuSign we've saved approximately 80% in overnight and express shipments."


"Record price increases for overnight and express shipments is or should be a key concern for every chief financial officer - especially in today's economy," said Matthew J. Schiltz, President and CEO, DocuSign, Inc. "DocuSign is proud to announce this new cost savings program where we will deliver an 80% expense savings on documents signed and executed online through DocuSign. In addition, DocuSign allows companies to significantly accelerate revenue generation by reducing the time it takes to fully execute a contract from weeks or days to hours or minutes."


From now through the end of the January 2009 businesses who sign-up for DocuSign's "Beat Rate Increases" program will receive DocuSign envelope signing and sending capabilities for the cost of 20% of their 2008 express shipping bill for those documents. For example, a company that spent $1,000,000 in 2008 for FedEx, UPS or other express shipping services, can sign-up for the "Beat Rate Increases" program for an annual rate of $200,000. Additionally, DocuSign will provide every new customer with a no charge operating cost elimination analysis. To learn more visit http://www.docusign.com/beat-rate-increases, email This e-mail address is being protected from spambots. You need JavaScript enabled to view it or call DocuSign at 1-866-219-4318.



About DocuSign Inc.

DocuSign is the DocuSign Inc., the #1 provider of on-demand software services for electronic signature and online contract execution, empowering individuals, small business and global enterprises to operate faster, more efficiently and profitably with enhanced security and compliance. DocuSign is the only Web-based service to fully automate the entire contract execution process. To date, more than 16 million signature events have been executed using DocuSign. Experience the service at www.docusign.com, and for regular updates go to blog.docusign.com.

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