Enterprise Procurement Teams Standardize on DocuSign eSignature
DocuSign Streamlines Purchasing to Boost Satisfaction, Reduce Processing Costs & Supply Chain Risk
SAN FRANCISCO –– December 3, 2013 – Leading procurement organizations have standardized on DocuSign’s global eSignature platform to streamline management of suppliers, vendors, and contract processes. Procurement departments DocuSign to accelerate transaction times to increase satisfaction, slash costs, and reduce supply chain risk in progressive companies like Ch2m Hill, CITGO Petroleum, Cisco Capital, Gate Gourmet, GE Capital, HP, McAfee, Magna Powertrain, McKesson, Nationwide, Reed Elsevier, salesforce.com, Tata Communications, and others.
“DocuSign is the standard for eSignature in the procurement business,” said Jack Miles, managing partner at MainSpring Advisors, former Secretary of the State of Florida Department of Management Services, and former head of procurement for companies including AIG, CA, CIBC, and Travelers. “DocuSign leads the industry with its world-class transaction management platform that helps global supply chain organizations streamline purchasing, slash costs, and minimize risk.”
“The best business leaders seek to learn from each other on how to improve their customer experience, quality, and bottom line,” said Barry Wiegler, advisor to B2B industry organizations and founder and former sixteen year CEO, Sourcing Interests Group. “There is no hotter interest area right now in procurement than keeping business digital and no hotter technology than DocuSign to make it happen. With its integration with procurement industry leader Ariba, DocuSign helps streamline and automate purchasing processes to accelerate the speed of business.”
“DocuSign has made it easier to do business with HP,” said John Hinshaw, executive vice president of technology and operations at HP. “Documents that used to take five to six weeks now can take just hours. It is probably the fastest ROI of any software we’ve rolled out.”
"DocuSigning has become the standard for how business gets done across organizations of every size and industry in today's digital economy," said Keith Krach, chairman and CEO, DocuSign. "DocuSign creates synergy across business departments – including sales, service, finance, HR, legal, and procurement – by automating and streamlining transactions to accelerate speed to results, dramatically reduce costs, and delight customers, partners, and suppliers."
Procurement organizations have standardized on DocuSign to:
- Simplify processes – From purchase orders to MSAs and RFPs, DocuSign helps companies simplify purchasing with pre-set routing and approval workflows that accelerate the speed of business.
- Reduce costs – DocuSign eliminates printing, faxing, scanning, overnighting, and time chasing down contracts to get information and signatures.
- Execute contracts faster – DocuSign makes it easy, fast, and secure to get documents routed, signed, and returned online in minutes – anytime, anywhere, on any device.
- Reduce risk, increase compliance – DocuSign offers a complete, legally binding audit trail that helps businesses comply with internal policies, signing levels and authority, and document retention to reduce risk.
“As consultants that help organizations quantify the value of technology, we’ve found enterprises slashing procurement processing costs by up to $50 per document and reducing contract turnaround by as much as 65 days with DocuSign,” said Bob Foote, co-founder and managing partner at IntelliCap, a leading value engineering firm. “Similarly, one of the top three U.S. insurance carriers – who reports sending out 200 million documents for signature each year – projects to reduce ‘NIGO’ to zero and save more than $20 per procurement contract with DocuSign. That’s astounding ROI.”
“The results we’ve seen in our procurement process – dramatically faster contract turn around especially across time zones and the elimination of the dependency on administrative staff to track down open contracts – have made it an easy decision to standardize on DocuSign for eSignature across our business,” said Vinod Giri, vice president, Tata Communications. “We’re now DocuSigning in sales, customer service, product management, operations, finance, and IT for even greater value and ROI across our enterprise.”
“Since we started using DocuSign in McKesson Specialty Health’s procurement process, our team has become significantly more efficient—now most contracts are DocuSigned almost instantaneously,” said Jiji John, senior director of strategic sourcing, McKesson Specialty Health. “We've been very happy with how easy DocuSign is to use, not to mention the great relationship and customer service from the DocuSign team.”
Businesses rely on DocuSign for procurement because the company’s eSignature platform is the safest, most reliable, and secure service in the industry. Customers using DocuSign leverage DocuSign’s global information security management system (ISMS) that’s examined and certified to the highest international security standards, including ISO/IEC 27001.
Procurement departments interested in learning more about DocuSign’s electronic signature transaction management platform may visit http://www.docusign.com/solutions/departments/procurement.
About DocuSign Inc.
DocuSign®, The Global Standard for eSignature®, is the leader in eSignature transaction management. Global enterprises, business departments, individual professionals, and consumers are standardizing on DocuSign, with more than 60,000 new users joining the DocuSign Global Network every day. Today, that network includes users in 188 countries. DocuSign is used to accelerate transaction times to increase speed to results, reduce costs, and delight customers across nearly every industry – from financial services, insurance, technology, healthcare, manufacturing, communications, property management and consumer goods, to higher education and others. For more information, visit www.docusign.com or call 877.720.2040. Visit the DocuSign blog at www.docusign.com/blog and follow DocuSign on Twitter, LinkedIn and Facebook.