Australian wealth accounting technology business Class Limited (ASX: CL1) has announced that it has launched its new integrated electronic signature feature across its suite of products through a partnership with DocuSign.
Continuing its growth in the documentation space, Class’s electronic signature feature will enable the automation and rapid completion of document signing within its system.
“DocuSign is used by many other technology providers in this space, but it requires you to have your own DocuSign account. The Class integration does not require this,” Class CEO, Andrew Russell, said. “Our platform seamlessly integrates with DocuSign while also adding other capabilities like a signature tracker, and pre-configured Class reports.
“In this post-covid era of business, we understand that customers need mechanisms to complete work without the need to meet face-to-face and complete wet signatures. We are pleased to be able to offer this integration to save our customers time and money.”
According to a Forrester Consulting study on the total economic impact of DocuSign, it led to significant efficiencies, with 82% of agreements completed within a day, and 49% of agreements completed within 15 minutes.
“DocuSign prides itself on providing market-leading e-signature functionality and solutions. We are excited to partner with Class to deliver DocuSign eSignature across the entire suite of Class products. This will enable finance professionals to complete their compliance work faster, cheaper and more environmentally friendly than ever before,” DocuSign’s general manager of Asia Pacific & Japan, Dan Bognar, said.
Users can track the progress of a document through a signature tracker and the system allows two-factor authentication to ensure a high level of security. DocuSign meets some of the most stringent US, EU, and global security standards, and uses the strongest data encryption technologies available.
“We know that finding efficiencies for businesses is key, and automation can deliver that,” Russell said. “It is particularly relevant since the pandemic and practices are looking for ways to enable their clients to complete work without the need to meet in person to provide wet signatures. This integration provides that capability.”