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DocuSign

DocuSign

DocuSign is an online cloud-based document management and secured electronic document signature system capable of being used on almost any device.

Overview

DocuSign is a developer of cloud-based software that allows users to automate the agreement process and provide legally binding electronic signatures from nearly any device. The company's platform automates manual and paper-based processes that allow users to manage various aspects of documented business transactions, including identity management, authentication, digital signatures, forms and data collection, collaboration, and workflow automation and storage. The company also uses artificial intelligence to analyze collections of agreements for risks and opportunities.

The company was founded in 2003 and completed its IPO in May 2018. Customers of the company's platform have included Salesforce, T-Mobile, Dilawri, Unilever, LinkedIn, ATB, Apple, Magna, AstraZeneca, Aon, Kubota, and Gensys.

The Agreement Cloud

DocuSign's Agreement Cloud is a management suite that offers over twelve applications for preparing, signing, acting on, and managing agreements. It offers over 350 integrations to allow users to be more flexible and use the Agreement Cloud in their other workspaces, such as Salesforce, Google Suite, Workday, and SAP. As well, it offers APIs to allow users to embed, extend, and connect DocuSign applications within an organization's applications, workflows, and processes.

eSignature

One of the applications in the Agreement cloud is DocuSign's eSignature application, which allows users to sign and send documents from almost anywhere, with legally binding signatures. The system is intended to help simplify and speed up the document signing process. eSignature offers integrations as part of the Agreement Cloud and can be used to collect details from a possible signee. Further, it offers flexible routing to send documents to multiple users in serial, parallel, and mixed sequencing to tailor to internal processes.

Further, the eSignature application is a secure and compliant platform and is lawful and court-admissible, complying with the U.S. ESIGN Act, UETA, and the EU's eIDAS Regulation. Premium features of the platform include SMS delivery for agreements, signing insights to show where signers are stuck, behavioral data to optimize the experience, and ID verification.

CLM

Offering integration with DocuSign's eSignature and as a part of the Agreement Cloud, CLM allows users to automate manual tasks, align workflows, and reduce errors and risks with CLM's smart contract management tool. The tool offers configurable workflows to automate complex agreement processes, a centralized repository for contracts to be maintained and searched in a single area, and document generation tools, workflow templates, clause libraries, collaboration tools, and integrations.

Insight

Docusign Insight helps users understand what is in their documents and provide insights and uncover risks and opportunities in those contracts and documents. The tool uses artificial intelligence, including natural language processing and rules-based logic, to help users find, filter, and analyze agreements across an enterprise.

This can be used, according to DocuSign, to help users find revenue opportunities in agreements, accelerate legal service delivery without increasing risks, protect business continuity while optimizing spend, extract relevant contract data and analysis results, reduce operational risk, and streamline compliance across analysis and reporting.

The tool offers specialized AI models, which can allow users to make use of the pre-trained and customizable models to find answers to possible questions across agreements for different use cases. These use cases include the following:

  • sales—Insight can find favored terms, notice requirements, and other unseen risks and opportunities in documents
  • procurement—it can evaluate obligations, SLAs, renewals, rebates, and incentives
  • business operations—It can assist with protection in a crisis, such as analyzing force majeure, termination for convenience, damages, and other critical items
  • mergers and acquisitions—it can help uncover hidden risks in contracts before they impact transactions and identify opportunities for post-integration synergies
  • data privacy—to better security and compliance
  • non-disclosure agreements—to better understand critical details in agreements
Additional tools

There are other tools offered within, and sometimes without, the Agreement Cloud. These tools offer increased capabilities for the above popular services or can be used for specific use cases.

Additional Agreement Cloud tools

Tool
Description

DocuSign Analyzer

This product can be used to help negotiate agreements automatically using artificial intelligence and working towards intended outcomes.

DocuSign Click

This can allow users to capture consent for standard agreements through a click.

DocuSign Gen for Salesforce

This tool automatically generates customized agreements from Salesforce with easy-to-use templates.

DocuSign Identify

This allows users to choose from several enhanced methods to identify signers beyond the standard practice of clicking an emailed link.

DocuSign Monitor

This allows users to protect agreements with continuous activity tracking and monitoring.

Timeline

October 17, 2022
DocuSign named a Leader in 2022 Gartner® Magic QuadrantTM for Contract Lifecycle Management.
September 24, 2022
DocuSign hires Allan Thygesen as CEO.
May 24, 2021
DocuSign appoints Shanthi Iyer as its new chief information officer.
July 7, 2020
DocuSign announces it has acquired Liveoak Technologies for approximately $38 million.
2019
DocuSign invests $15 million in Seal Software.
May 12, 2015
DocuSign raises a $300,000,000 series F round from Bain Capital Ventures, Brookside Capital, Deutsche Telekom, Founders Circle Capital, Generation Investment Management, Green Bay Ventures, ICONIQ Capital, Intel Capital, Microsoft, Sands Capital Ventures and Wasatch Advisors.
October 6, 2014
DocuSign raises a $30,000,000 series E round from BBVA Ventures, Citi Ventures, Greenspring Associates, Laetitia Garriott de Cayeux, Mitsui, NTT Finance, Propel Venture Partners, Recruit Holdings and Visa.
March 4, 2014
DocuSign raises a $85,000,000 series E round from Frazier Technology Ventures, Google Ventures, Ignition Partners, Jackson Square Ventures, Kleiner Perkins Caufield & Byers, Salesforce Ventures, Sands Capital Ventures, Sapphire Ventures, Scale Venture Partners and Telstra Ventures.
July 2012
DocuSign raises a $55,700,000 series D round from Accel Partners, Comcast Ventures, Google Ventures, Kleiner Perkins Caufield & Byers and Sapphire Ventures.
December 8, 2010
DocuSign raises a $27,000,000 series C round from Frazier Technology Ventures, Ignition Partners, Salesforce Ventures, Scale Venture Partners and Sigma Partners.

Funding Rounds

Products

Acquisitions

Patents

Further Resources

Title
Author
Link
Type
Date

DocuSign Agreement Cloud: 2022 Release 1

Web

April 5, 2022

News

Title
Author
Date
Publisher
Description
Andrea Michelson
June 15, 2021
news.yahoo.com
A gene that makes people more sensitive to bitter tastes also enhances their immune function and helps protect them against COVID-19.
Romain Dillet
June 10, 2021
TechCrunch
French startup Yousign has raised a $36.6 million Series A funding round (€30 million). Lead Edge Capital is leading the round and eFounders is investing once again in the company. Yousign, as the name suggests, is an e-signature provider that complies with European regulation on digital signatures. While the company was originally founded in 2013, [...]
Romain Dillet
June 10, 2021
TechCrunch
French startup Yousign has raised a $36.6 million Series A funding round (€30 million). Lead Edge Capital is leading the round and eFounders is investing once again in the company. Yousign, as the name suggests, is an e-signature provider that complies with European regulation on digital signatures. While the company was originally founded in 2013, [...]
Spaulding Ridge, LLC
June 8, 2021
www.prnewswire.com:443
/PRNewswire/ -- As demand for end-to-end contract life management (CLM) solutions increase, Spaulding Ridge's DocuSign practice announced it has expanded its...
DocuSign, Inc.
May 24, 2021
www.prnewswire.com:443
/PRNewswire/ -- As it continues to digitally transform how agreements are prepared, signed, acted-upon and managed around the world, DocuSign (NASDAQ:DOCU)...
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References

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