DocuSign Agreement Cloud Overview
The DocuSign Agreement Cloud is a comprehensive platform designed to digitize and streamline the entire agreement process, from creation and negotiation to execution and management. This solution marks a significant evolution from DocuSign’s traditional e-signature tools, now encompassing a broader range of capabilities to support end-to-end agreement management.
Key Features and Functionality
Automated Agreement Generation
The DocuSign Agreement Cloud allows organizations to generate agreements automatically from data in other systems, such as CRM, ERP, and HCM, ensuring accuracy and efficiency in the contract creation process.
Workflow Automation and Integration
The platform includes over 350 pre-built integrations with various business applications, including Salesforce, Google G Suite, Microsoft Office, SAP, Workday, and more. This enables seamless workflow automation, allowing users to manage agreements within their existing business systems.
Advanced E-Signature and Consent Tools
DocuSign Agreement Cloud retains its robust e-signature capabilities while introducing new tools like DocuSign Click, which simplifies the process of obtaining customer consent to standard terms and agreements through a single click. Additionally, DocuSign ID Verification automates the process of verifying government IDs, enhancing security and compliance.
Contract Lifecycle Management
The platform includes a contract lifecycle management tool, acquired from SpringCM, which helps organizations manage the entire contract lifecycle, from drafting and negotiation to execution and post-signature management. This ensures that all agreements are produced, signed, and executed in a legally enforceable and consistent manner.
AI-Powered Insights and Management
With Intelligent Agreement Management (IAM), the platform leverages AI to speed up contract creation, enhance negotiations, and provide strategic insights. IAM helps in uncovering actionable business insights from agreement data, tracking renewals, and extracting key agreement information to inform better business decisions.
Centralized Repository and Compliance
All agreements are stored in a centralized, secure repository, providing full visibility and control. This ensures compliance and minimizes legal risks by maintaining complete audit trails and secure storage of agreements.
Payment and Notification Capabilities
The platform allows for payments to be made as part of the signing process via various payment methods, including credit cards, Apple Pay, and Google Pay. It also notifies stakeholders of agreement events, such as upcoming renewals, to ensure timely actions are taken.
Customizable Workflows and Applications
DocuSign Agreement Cloud enables the creation and deployment of customized workflows without the need for coding. It also offers various applications tailored to specific business needs, such as IAM Core, IAM for Customer Experience (CX), IAM for Sales, and Contract Lifecycle Management.
Benefits
- Efficiency and Speed: The platform significantly speeds up the agreement process, reducing the time and resources spent on manual tasks.
- Cost Savings: Organizations can save money by reducing the need for paper, printing, scanning, and mailing documents. According to research, using DocuSign eSignature alone can save an average of $36 per agreement.
- Enhanced Compliance and Security: The platform ensures that all agreements are executed in a legally enforceable and secure manner, minimizing legal risks and maintaining compliance.
- Improved Customer and Employee Experience: By automating and streamlining the agreement process, the platform reduces frustration and increases satisfaction among customers, employees, and partners.
In summary, the DocuSign Agreement Cloud is a powerful tool that transforms the way businesses manage agreements, offering a comprehensive suite of features to automate, secure, and optimize the entire agreement lifecycle.