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QUICK GUIDE FOR FINANCE
Forrester Consulting 2015 Study
“Digital	
  Transforms	
  the	
  Game	
  of	
  Business:	
  
Digital	
  Transaction	
  Management	
  Emerging	
  
as	
  Key	
  Solution.”	
  
The	
  new	
  study	
  from	
  Forrester	
  Consulting	
  is	
  only	
  14	
  pages	
  long.	
  
But	
  to	
  help	
  you	
  quickly	
  get	
  an	
  idea	
  of	
  the	
  4,273	
  words	
  it	
  
contains,	
  we’ve	
  created	
  this	
  one	
  page	
  guide	
  on	
  how	
  the	
  findings	
  
apply	
  to	
  your	
  line	
  of	
  work.	
  Scan,	
  consider,	
  and	
  then	
  download	
  
the	
  entire	
  DocuSign	
  commissioned	
  study.	
  
About	
  DocuSign:	
  DocuSign
®	
  
is	
  the	
  Global	
  Standard	
  for	
  Digital	
  Transaction	
  Management™.	
  DocuSign	
  accelerates	
  transactions	
  to	
  
increase	
  speed	
  to	
  results,	
  reduce	
  costs,	
  and	
  delight	
  customers	
  with	
  the	
  easiest,	
  fastest,	
  most	
  secure	
  global	
  network	
  for	
  sending,	
  
signing,	
  tracking,	
  and	
  storing	
  documents	
  in	
  the	
  cloud.	
  
TOPIC	
   STUDY	
  REPORTS…	
   DOCUSIGN	
  ADDS…	
  
IS	
  DIGITAL	
  TRANSACTION	
  
MANAGEMENT	
  (DTM)	
  REALLY	
  
THAT	
  IMPORTANT?	
  
More	
  than	
  3/4	
  of	
  your	
  surveyed	
  peers	
  say	
  “Yes.”	
  	
  
“…most	
  firms	
  have	
  a	
  relatively	
  high	
  rate	
  of	
  digital	
  automation	
  in	
  
current	
  processes.	
  But	
  they	
  still	
  view	
  30%	
  to	
  42%	
  of	
  their	
  
processes	
  as	
  being	
  poorly	
  digitized.”	
  
Hundreds	
  of	
  Finance	
  departments	
  of	
  all	
  sizes	
  are	
  already	
  
actively	
  using	
  DTM	
  to	
  streamline	
  their	
  operations	
  and	
  
provide	
  100%	
  audit	
  compliant	
  document	
  creation	
  and	
  
management.	
  
WHAT’S	
  THE	
  RISK	
  OF	
  
IGNORING	
  THIS?	
  
Ninety-­‐eight	
  percent	
  of	
  companies	
  reported	
  some	
  revenue	
  
impact	
  of	
  poor	
  transaction	
  management.	
  Revenue	
  hits	
  come	
  in	
  
the	
  form	
  of	
  lost	
  deals,	
  prospects	
  that	
  abandon	
  onboarding	
  
processes,	
  disjointed	
  experiences	
  that	
  create	
  poor	
  customer	
  
satisfaction,	
  and	
  lost	
  business	
  due	
  to	
  the	
  lack	
  of	
  self-­‐service	
  and	
  
direct-­‐to-­‐consumer	
  digital	
  platforms.	
  
A	
  recent	
  survey	
  revealed	
  that	
  “68%	
  of	
  respondents	
  believe	
  
businesses	
  that	
  continue	
  to	
  run	
  at	
  the	
  speed	
  of	
  paper	
  will	
  
become	
  more	
  and	
  more	
  uncompetitive.”	
  
SOURCE:	
  AIIM	
  Research	
  Market	
  Intelligence	
  “Paper	
  Wars	
  2014	
  –	
  Update	
  from	
  
the	
  Battlefield”	
  11/14.	
  
WHAT	
  CAN	
  DTM	
  DO	
  	
  
FOR	
  YOU?	
  
50%	
  of	
  respondents	
  identified	
  human	
  error	
  as	
  the	
  top	
  issue	
  
encountered	
  with	
  their	
  analog	
  processes.	
  	
  
Additional	
  issues	
  included:	
  
• Cumbersome	
  paper-­‐oriented	
  document	
  management	
  (44%)
• Collecting	
  and	
  managing	
  documents	
  from	
  multiple	
  sources	
  
(42%)
• Administering	
  and	
  controlling	
  documents	
  over	
  time	
  (39%)
As	
  their	
  second	
  concern,	
  more	
  than	
  a	
  third	
  ranked	
  improving	
  
security	
  and	
  compliance	
  with	
  clearer	
  tracking	
  and	
  monitoring	
  of	
  
documents	
  and	
  approvals.	
  
DTM	
  can	
  help	
  you	
  empower	
  your	
  internal	
  clients	
  and	
  
improve	
  the	
  speed	
  of	
  invoice	
  processing	
  while	
  still	
  securely	
  
protecting	
  confidential	
  information	
  with	
  industry-­‐leading	
  
standards	
  of	
  enforceability	
  and	
  multiple	
  levels	
  of	
  
authentication.	
  
On	
  average,	
  DocuSign	
  finance	
  users	
  enjoy	
  a	
  75%	
  cost	
  
reduction	
  per	
  compensation	
  adjustment.	
  
99%	
  NIGO	
  reduction	
  for	
  invoice	
  approvals,	
  travel	
  requests.	
  
(Intellicap	
  finding)	
  
Paper-­‐free	
  processes	
  can	
  help	
  your	
  Finance	
  department	
  
optimize	
  creation	
  and	
  management	
  of:	
  
• Invoices	
  &	
  Inventory	
  Sign	
  Off
• Expense	
  Reporting
• Policy	
  Management	
  and	
  Regulatory	
  Compliance/Audit
Sign	
  Off
• Asset	
  Transfer/Retirement
WHAT	
  HAS	
  DTM	
  DONE	
  FOR	
  
OTHERS?	
  
“…we	
  had	
  a	
  distributor	
  and	
  an	
  OEM	
  for	
  a	
  process,	
  it	
  was	
  taking	
  
65	
  days,	
  and	
  we	
  got	
  that	
  cycle	
  time	
  down	
  to	
  6	
  hours.	
  So	
  cycle	
  
time	
  is	
  huge	
  and	
  people	
  are	
  more	
  productive.”	
  
—	
  Senior	
  director	
  at	
  a	
  US-­‐based	
  computer	
  software,	
  hardware	
  
and	
  consumer	
  electronics	
  organization	
  
“The	
  introduction	
  of	
  DocuSign	
  into	
  our	
  collections	
  process	
  
significantly	
  improved	
  DSO.”	
  LinkedIn	
  	
  
WHAT	
  ARE	
  THE	
  ROADBLOCKS?	
  
Respondents	
  ranked	
  security	
  as	
  by	
  far	
  the	
  top	
  concern	
  when	
  
considering	
  adopting	
  and	
  growing	
  a	
  DTM	
  solution	
  —	
  81%	
  of	
  
respondents	
  ranked	
  security	
  among	
  their	
  top	
  three	
  concerns.	
  
DocuSign	
  meets	
  or	
  exceeds	
  the	
  most	
  stringent	
  US,	
  EU,	
  and	
  
global	
  security	
  standards.	
  No	
  other	
  DTM	
  company	
  can	
  
match	
  the	
  Bank	
  Grade	
  Security,	
  Carrier	
  Grade	
  Availability	
  
and	
  operations	
  investments	
  DocuSign	
  has	
  made—and	
  third-­‐
party	
  audit	
  reports	
  back	
  it	
  up.	
  Find	
  out	
  more	
  here.	
  	
  
TO	
  WHOM	
  DO	
  YOU	
  DISCUSS	
  
THIS	
  IN	
  YOUR	
  ORG?	
  
Respondents	
  reported	
  that	
  67%	
  of	
  the	
  time,	
  IT	
  is	
  primarily	
  
responsible	
  for	
  selecting	
  DTM	
  tools	
  and	
  technologies,	
  followed	
  
by	
  finance	
  (16%).	
  	
  	
  
Here’s	
  some	
  compelling	
  information	
  to	
  help	
  sway	
  
your	
  leadership	
  and	
  IT	
  department.	
  ROI	
  Impact	
  Report	
  
WHO	
  WAS	
  INVOLVED:	
  400	
  business	
  leaders	
  of	
  companies	
  with	
  
500+	
  employees	
  from	
  around	
  the	
  world	
  weighed	
  in.	
  All	
  with	
  
responsibilities	
  for	
  document-­‐intensive	
  business	
  processes	
  and	
  
selecting	
  and	
  managing	
  transactional	
  technologies.	
  	
  	
  
WHAT	
  IS	
  DTM:	
  Digital	
  transaction	
  management	
  (DTM)	
  is	
  defined	
  as	
  
“a	
  new	
  category	
  of	
  cloud	
  services	
  designed	
  to	
  digitally	
  manage	
  
document-­‐based	
  transactions.	
  DTM	
  removes	
  the	
  friction	
  inherent	
  
in	
  transactions	
  that	
  involve	
  people,	
  documents,	
  and	
  data	
  to	
  create	
  
faster,	
  easier,	
  more	
  convenient,	
  and	
  secure	
  processes.”	
  
About	
  DocuSign:	
  DocuSign
®	
  
is	
  The	
  Global	
  Standard	
  for	
  Digital	
  Transaction	
  Management
®
.	
  DocuSign	
  accelerates	
  transactions	
  to	
  
increase	
  speed	
  to	
  results,	
  reduce	
  costs,	
  and	
  delight	
  customers	
  with	
  the	
  easiest,	
  fastest,	
  most	
  secure	
  global	
  network	
  for	
  sending,	
  
signing,	
  tracking,	
  and	
  storing	
  documents	
  in	
  the	
  cloud.	
  
For	
  U.S.	
  inquiries:	
  toll	
  free	
  866.219.4318	
  |	
  docusign.com	
  
For	
  EMEA	
  inquiries:	
  phone	
  +44	
  203	
  510	
  6500	
  |	
  email	
  emea@docusign.com	
  |	
  docusign.co.uk	
  
Copyright	
  ©	
  2003-­‐2015	
  DocuSign,	
  Inc.	
  All	
  rights	
  reserved.	
  DocuSign,	
  the	
  DocuSign	
  logo,	
  “The	
  Global	
  Leader	
  in	
  Digital	
  Transaction	
  Management”,	
  “Close	
  it	
  in	
  the	
  Cloud”,	
  SecureFields,	
  
Stick-­‐eTabs,	
  PowerForms,	
  “The	
  fastest	
  way	
  to	
  get	
  a	
  signature”,	
  The	
  No-­‐Paper	
  logo,	
  Smart	
  Envelopes,	
  SmartNav,	
  “DocuSign	
  It!”,	
  “The	
  World	
  Works	
  Better	
  with	
  DocuSign”	
  and	
  
ForceFields	
  are	
  trademarks	
  or	
  registered	
  trademarks	
  of	
  DocuSign,	
  Inc.	
  in	
  the	
  United	
  States	
  and	
  or	
  other	
  countries.	
  All	
  other	
  trademarks	
  and	
  registered	
  trademarks	
  are	
  the	
  property	
  of	
  
their	
  respective	
  holders.	
  

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Forrester Guidance for Digital Transaction Management in Finance

  • 1. QUICK GUIDE FOR FINANCE Forrester Consulting 2015 Study “Digital  Transforms  the  Game  of  Business:   Digital  Transaction  Management  Emerging   as  Key  Solution.”   The  new  study  from  Forrester  Consulting  is  only  14  pages  long.   But  to  help  you  quickly  get  an  idea  of  the  4,273  words  it   contains,  we’ve  created  this  one  page  guide  on  how  the  findings   apply  to  your  line  of  work.  Scan,  consider,  and  then  download   the  entire  DocuSign  commissioned  study.   About  DocuSign:  DocuSign ®   is  the  Global  Standard  for  Digital  Transaction  Management™.  DocuSign  accelerates  transactions  to   increase  speed  to  results,  reduce  costs,  and  delight  customers  with  the  easiest,  fastest,  most  secure  global  network  for  sending,   signing,  tracking,  and  storing  documents  in  the  cloud.   TOPIC   STUDY  REPORTS…   DOCUSIGN  ADDS…   IS  DIGITAL  TRANSACTION   MANAGEMENT  (DTM)  REALLY   THAT  IMPORTANT?   More  than  3/4  of  your  surveyed  peers  say  “Yes.”     “…most  firms  have  a  relatively  high  rate  of  digital  automation  in   current  processes.  But  they  still  view  30%  to  42%  of  their   processes  as  being  poorly  digitized.”   Hundreds  of  Finance  departments  of  all  sizes  are  already   actively  using  DTM  to  streamline  their  operations  and   provide  100%  audit  compliant  document  creation  and   management.   WHAT’S  THE  RISK  OF   IGNORING  THIS?   Ninety-­‐eight  percent  of  companies  reported  some  revenue   impact  of  poor  transaction  management.  Revenue  hits  come  in   the  form  of  lost  deals,  prospects  that  abandon  onboarding   processes,  disjointed  experiences  that  create  poor  customer   satisfaction,  and  lost  business  due  to  the  lack  of  self-­‐service  and   direct-­‐to-­‐consumer  digital  platforms.   A  recent  survey  revealed  that  “68%  of  respondents  believe   businesses  that  continue  to  run  at  the  speed  of  paper  will   become  more  and  more  uncompetitive.”   SOURCE:  AIIM  Research  Market  Intelligence  “Paper  Wars  2014  –  Update  from   the  Battlefield”  11/14.   WHAT  CAN  DTM  DO     FOR  YOU?   50%  of  respondents  identified  human  error  as  the  top  issue   encountered  with  their  analog  processes.     Additional  issues  included:   • Cumbersome  paper-­‐oriented  document  management  (44%) • Collecting  and  managing  documents  from  multiple  sources   (42%) • Administering  and  controlling  documents  over  time  (39%) As  their  second  concern,  more  than  a  third  ranked  improving   security  and  compliance  with  clearer  tracking  and  monitoring  of   documents  and  approvals.   DTM  can  help  you  empower  your  internal  clients  and   improve  the  speed  of  invoice  processing  while  still  securely   protecting  confidential  information  with  industry-­‐leading   standards  of  enforceability  and  multiple  levels  of   authentication.   On  average,  DocuSign  finance  users  enjoy  a  75%  cost   reduction  per  compensation  adjustment.   99%  NIGO  reduction  for  invoice  approvals,  travel  requests.   (Intellicap  finding)   Paper-­‐free  processes  can  help  your  Finance  department   optimize  creation  and  management  of:   • Invoices  &  Inventory  Sign  Off • Expense  Reporting • Policy  Management  and  Regulatory  Compliance/Audit Sign  Off • Asset  Transfer/Retirement WHAT  HAS  DTM  DONE  FOR   OTHERS?   “…we  had  a  distributor  and  an  OEM  for  a  process,  it  was  taking   65  days,  and  we  got  that  cycle  time  down  to  6  hours.  So  cycle   time  is  huge  and  people  are  more  productive.”   —  Senior  director  at  a  US-­‐based  computer  software,  hardware   and  consumer  electronics  organization   “The  introduction  of  DocuSign  into  our  collections  process   significantly  improved  DSO.”  LinkedIn     WHAT  ARE  THE  ROADBLOCKS?   Respondents  ranked  security  as  by  far  the  top  concern  when   considering  adopting  and  growing  a  DTM  solution  —  81%  of   respondents  ranked  security  among  their  top  three  concerns.   DocuSign  meets  or  exceeds  the  most  stringent  US,  EU,  and   global  security  standards.  No  other  DTM  company  can   match  the  Bank  Grade  Security,  Carrier  Grade  Availability   and  operations  investments  DocuSign  has  made—and  third-­‐ party  audit  reports  back  it  up.  Find  out  more  here.     TO  WHOM  DO  YOU  DISCUSS   THIS  IN  YOUR  ORG?   Respondents  reported  that  67%  of  the  time,  IT  is  primarily   responsible  for  selecting  DTM  tools  and  technologies,  followed   by  finance  (16%).       Here’s  some  compelling  information  to  help  sway   your  leadership  and  IT  department.  ROI  Impact  Report   WHO  WAS  INVOLVED:  400  business  leaders  of  companies  with   500+  employees  from  around  the  world  weighed  in.  All  with   responsibilities  for  document-­‐intensive  business  processes  and   selecting  and  managing  transactional  technologies.       WHAT  IS  DTM:  Digital  transaction  management  (DTM)  is  defined  as   “a  new  category  of  cloud  services  designed  to  digitally  manage   document-­‐based  transactions.  DTM  removes  the  friction  inherent   in  transactions  that  involve  people,  documents,  and  data  to  create   faster,  easier,  more  convenient,  and  secure  processes.”   About  DocuSign:  DocuSign ®   is  The  Global  Standard  for  Digital  Transaction  Management ® .  DocuSign  accelerates  transactions  to   increase  speed  to  results,  reduce  costs,  and  delight  customers  with  the  easiest,  fastest,  most  secure  global  network  for  sending,   signing,  tracking,  and  storing  documents  in  the  cloud.   For  U.S.  inquiries:  toll  free  866.219.4318  |  docusign.com   For  EMEA  inquiries:  phone  +44  203  510  6500  |  email  emea@docusign.com  |  docusign.co.uk   Copyright  ©  2003-­‐2015  DocuSign,  Inc.  All  rights  reserved.  DocuSign,  the  DocuSign  logo,  “The  Global  Leader  in  Digital  Transaction  Management”,  “Close  it  in  the  Cloud”,  SecureFields,   Stick-­‐eTabs,  PowerForms,  “The  fastest  way  to  get  a  signature”,  The  No-­‐Paper  logo,  Smart  Envelopes,  SmartNav,  “DocuSign  It!”,  “The  World  Works  Better  with  DocuSign”  and   ForceFields  are  trademarks  or  registered  trademarks  of  DocuSign,  Inc.  in  the  United  States  and  or  other  countries.  All  other  trademarks  and  registered  trademarks  are  the  property  of   their  respective  holders.