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Leading Companies Generate Increased Revenue and Save Money By Using DocuSign

Seattle, WA (PRWEB) June 6, 2007 -- DocuSign, the leading Web-based electronic signature service, is seeing strong customer demand for its advanced, easy to use eSignature technology from industry leaders who leverage technology to grow their business. Companies such as AMICA, Coldwell Banker, Expedia, Fidelity Title, Land America Financial Group, Weyerhauser and Worldspan are receiving significant cost savings and driving increased revenue growth by using DocuSign to replace costly paper agreements.

Further validating its rapid growth, leading analyst firm Gartner Inc. recently highlighted DocuSign in its April 19, 2007, report titled 'Yesterday's Cool Vendors in Secure Business Enablement: Where Are They Now'. Gartner analyst Kristen Noakes-Fry stated that the company had made dramatic progress since 2005. In the past three years the growth of DocuSign's eSignature technology has skyrocketed. DocuSign had 330,000 signature events in 2005 and over 1.5 million signature events in 2006. Through mid-May of this year DocuSign has delivered over 3 million signature events, well ahead of its 2007 forecast of 6 million signature events.

DocuSign has worked closely with customers across dozens of industries to implement its eSignature service. As an on-demand, hosted service DocuSign requires zero capital investment and no new hardware or software, in stark contrast to the hundreds of thousands of dollars that is required for alternative solutions. Users rave about how intuitive and easy it is to use DocuSign's service. Customers use a simple drag-and-drop process, using familiar yellow sticky tabs to tell the user where to sign or initial, to electronically sign documents and contracts.

Unlike typical paper contracts that need to be printed, signed, faxed, re-faxed and mailed overnight, DocuSign takes only a matter of minutes to execute legally binding signatures electronically over the Web. Companies benefit from this secure process by closing business deals faster and reducing the costs from overnight express mail services and the expense of paper. To put that in perspective, Countrywide Financial reported to have spent $90M in overnight fees in 2005. By reducing the amount of paper contracts printed and sent via overnight mail, DocuSign reduces the consumption of trees and the burning of gas by delivery trucks and airplanes. Just as important is the fact that by using less paper and fuel, DocuSign is empowering its customers to have a positive impact on the environment. This has lead DocuSign to issue the "Go Green With DocuSign Challenge" (http://docusign.com/go_green/index.php).

DocuSign customers begin receiving benefits almost immediately due to the easy-to-use nature of the technology.

• Generate increased revenues: Expedia Inc., the world's largest online travel agency, uses the DocuSign service to help speed the delivery of contracts to its corporate headquarters from locations around the world, enabling new hotel inventory to be made available for sale to customers in record time, which means that inventory can be sold faster and in higher volume as compared to waiting for overnight services and error prone faxes from around the world.

• Reduce costs and improve customer service: Land America Financial Group, Inc., a leading provider of real estate transaction services, has been impressed with how quick and easy the DocuSign service has been to use for their internal team and their customers. By using DocuSign, customers are not overwhelmed by the closing process, there are fewer errors and closing can take minutes as opposed to days. Land America estimates that it saves over 75 percent on the cost of closing using eSignature technology from DocuSign.

• Manage supply chains and expand customer base: Worldspan, a leading global provider of online travel services, uses DocuSign's electronic signature technology to accelerate its contract signing process with over 800 suppliers and 11,000 travel agents worldwide. By replacing its outdated pen-and-paper/fax/overnight mail-based system for signing contracts, Worldspan has been able to expand its customer base internationally, streamline its global contract signing process and greatly reduce administrative time and costs.

• Increase efficiency: Quadrant Homes, a subsidiary of Weyerhaeuser Real Estate Company and Washington State's largest home builder, has reduced its sales contract process from up to six days to less than one day using DocuSign. Quadrant has also become one of the first real estate development companies to adopt electronic signatures across all its new home sales.

"Customers who 'DocuSign ' contracts have quantifiable increases in revenue, reductions in costs and improvements in the speed of doing business -- three things that are very appealing to any business operation," said Matthew J. Schiltz, CEO and President of DocuSign. "We had one goal in mind when we started the company in 2003: to make electronic signatures as ubiquitous and simple as e-mail. Small and medium sized businesses as well as Fortune 500 firms have received tremendous benefits by adopting our technology."

About DocuSign
DocuSign offers a web-based electronic signature service that provides the simplicity, speed and security required to deliver, sign and store documents. Designed from the ground up for business-class usage, this service integrates the technical infrastructure and legal compliance needed to operate an end-to-end electronic signing service that replaces the old pen and paper process. DocuSign customers span a variety of industries and range from the largest corporations to the smallest branch offices. These customers are enjoying quantifiable benefits with DocuSign, including removal of costs, increases in revenue, and acceleration in business velocity. DocuSign also offers a direct positive impact on our global environment by reducing paper consumption and transportation emissions. For more information please visit www.docusign.com. DocuSign and the DocuSign logo are registered trademarks of DocuSign, Inc.

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This press release has been reprinted from PRWEB per the terms and conditions of the copyright notice.

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