As it continues to digitally transform how agreements are prepared, signed, acted-upon and managed around the world, DocuSign introduced a new solution built specifically for growing organizations to centralize and automate the creating, negotiating and secure storage of their contracts. DocuSign CLM Essentials is a new contract lifecycle management offering designed to democratize CLM by reducing the complexity of contracting technology, and making it more accessible for everyone in the emerging Anywhere Economy.
Also Read: Bose Turns Up the Volume on Digital Customer Experiences with Salesforce
Announced at Momentum, DocuSign’s annual customer and partner conference, CLM Essentials builds on the company’s CLM offering to further automate the contracting process. Contract automation is critical for growing companies who need to reach aggressive business goals with limited resources. Relying on small legal and operational teams to manually generate, negotiate, execute and manage contracts slows down business, increases risk and frustrates customers and employees. At the same time, many companies do not have the resources and time to implement a technology solution that will take months to set up.
“Prior to the shift to hybrid work, smaller teams might not have felt like their contract processes were unmanageable, especially if they were working just a few desks away from each other. However, in the Anywhere Economy, enabling teams to get contract work done digitally has become critical,” said Antonis Papatsaras, Chief Technology Officer, CLM, DocuSign. “DocuSign is reducing the time and cost barriers that made CLM feel out of reach for many smaller businesses. CLM Essentials empowers companies of all sizes to turn manual, analog contract work into streamlined digital workflows.”
CLM Essentials offers growing small and midsize businesses the perfect starting point to begin their contract management journey with a streamlined solution that allows them to quickly realize value, and also scales with them as their needs grow and evolve. That quick start is possible as CLM Essentials has templatized and streamlined the heaviest lift components of a typical contract management implementation.