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Why it Pays to Use Electronic Signature

About 95% of our customers use our API capability to connect to a 3rd part electronic signature application such as DocuSign, EchoSign, Adob or any other ESign application available un the market. Once an organization implements a CLM application it is inevitable that a complementary part of it would include an electronic signature solution. It is logical that when you are running a paperless organization you might as well do it all the way and have all stakeholders (including 3rd party) use a digital signature.

What are the main reasons to use an eSignature solution:

  • 90% cut in printing and overnighting costs

  • 95% decrease in document turnaround time

  • 200 hours savings per year in data entry work

To learn more about the benefits of using a digital based signature solution you can view DocuSign's white paper "white paper, "Why It Pays to Use Electronic Signature".

opensourceCM is a cloud-based SaaS (software-as-a-service) solution. When uploading a text or MS Excel document the application performs OCR, indexing and then recreates each document as an HTML document allowing easy document comparisons (e.g., between MS Word and scanned PDF docs). It also provides the ability to find words, values, phrases, terms of art or specific legal language within documents that are hyperlinked to the actual highlighted location in each document. This can be accomplished across document data sets that may comprise tens of thousands of documents. Furthermore, opensourceCM provides a contract authoring workflow, calendar and notifications workflow, support SSO (single sign on) and encrypted secured access. The application offers the ability to simply create Negotiation Deal-Rooms and Users Data-Rooms (internal/External) or Flexible Bidding System with Advance Q&A. We offer an API (Application Processes Interface) Library with office365, BOX.COM, SalesForce, MS-Dynamics, NetSuite, OKTA, Dropbox, DocuSign to mention just a few.

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