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QUICK GUIDE FOR PROCUREMENT
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	
  
TOPIC	
   STUDY	
  REPORTS…	
   DOCUSIGN	
  ADDS…	
  
IS	
  DIGITAL	
  TRANSACTION	
  
MANAGEMENT	
  (DTM)	
  REALLY	
  
THAT	
  IMPORTANT?	
  
More	
  than	
  3/4	
  of	
  your	
  surveyed	
  peers	
  say	
  “Yes.”	
  	
  
63%	
  of	
  IT	
  and	
  LOB	
  decision-­‐makers	
  claimed	
  that	
  their	
  
organization	
  is	
  at	
  least	
  a	
  7	
  out	
  of	
  10	
  on	
  the	
  digital	
  versus	
  analog	
  
spectrum.	
  In	
  addition,	
  they	
  recognize	
  that	
  digital	
  technologies	
  
create	
  opportunities	
  to	
  add	
  new	
  services	
  to	
  physical	
  products,	
  
opening	
  doors	
  to	
  new	
  experiences	
  and	
  revenue	
  streams.	
  
Hundreds	
  of	
  Procurement	
  organizations	
  are	
  already	
  actively	
  
using	
  DocuSign	
  to	
  streamline	
  their	
  operations.	
  And	
  for	
  good	
  
reason:	
  	
  56%	
  of	
  your	
  contacts	
  expect	
  digital	
  transactions.*	
  
DTM	
  is	
  the	
  only	
  way	
  to	
  deliver	
  it.	
  
*	
  SOURCE:	
  Aberdeen	
  Research/B2Community	
  “Signed,	
  Sealed,	
  Delivered.
Integrating	
  eSignature	
  in	
  the	
  B2B	
  Sales	
  Cycle.”	
  
WHAT’S	
  THE	
  RISK	
  OF	
  
IGNORING	
  THIS?	
  
Ninety-­‐eight	
  percent	
  of	
  companies	
  reported	
  some	
  revenue	
  
impact	
  of	
  poor	
  transaction	
  management.	
  	
  
“…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…This	
  proportion	
  of	
  analog	
  
processes	
  accounts	
  for	
  as	
  much	
  as	
  80%	
  of	
  costs	
  and	
  
inefficiencies	
  in	
  their	
  transactions,	
  placing	
  a	
  significant	
  burden	
  
on	
  enterprises.”	
  
A	
  recent	
  AIIM	
  survey	
  revealed:	
  “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%)
“…the	
  primary	
  value	
  proposition	
  is	
  rooted	
  in	
  helping	
  
enterprises	
  achieve	
  operational	
  excellence.”	
  
Processes	
  that	
  once	
  required	
  weeks	
  now	
  take	
  minutes.	
  
Approvers	
  and	
  signers	
  can	
  access	
  and	
  execute	
  documents	
  
on-­‐the-­‐go	
  on	
  their	
  mobile	
  devices.	
  Plus,	
  automated	
  
reminders	
  help	
  speed	
  the	
  process	
  along.	
  
With	
  DocuSign’s	
  DTM	
  solution	
  you	
  can	
  reduce	
  turnaround	
  
time	
  by	
  80%	
  and	
  save	
  $34	
  per	
  document	
  (Intellicap	
  
Research).	
  
Paper-­‐free	
  processes	
  help	
  Procurement	
  organizations	
  
streamline:	
  
• Contract	
  signing	
  process
• Supplier	
  compliance
• RFP	
  management
• Sole-­‐source	
  justifications
• NDAs	
  and	
  background	
  checks
WHAT	
  HAS	
  DTM	
  DONE	
  FOR	
  
OTHERS?	
  
“By	
  taking	
  on	
  DTM,	
  we	
  were	
  able	
  to	
  increase	
  the	
  volume	
  of	
  
processing	
  without	
  adding	
  heads.	
  So	
  there’s	
  the	
  DTM	
  value:	
  
cost,	
  productivity,	
  and	
  cycle	
  time.”	
  
—	
  Senior	
  director	
  at	
  a	
  US-­‐based	
  computer	
  software,	
  hardware,	
  
and	
  consumer	
  electronics	
  organization.	
  
• AssurX	
  reduced	
  3-­‐5	
  day	
  document	
  turnaround	
  to	
  1	
  day
or	
  less.	
  
• HP	
  reduced	
  steps	
  required	
  for	
  contract	
  completion	
  by
70%.	
  
• Aon	
  Affinity	
  saved	
  200+	
  hours/year	
  not	
  having	
  to	
  rekey
data	
  and	
  achieved	
  100%	
  error	
  free	
  documents.	
  
• Turnaround	
  time	
  reduced	
  from	
  4	
  days	
  to	
  less	
  than	
  one
hour	
  at	
  McKesson.	
  	
  
WHAT	
  ARE	
  THE	
  ROADBLOCKS?	
  
45%	
  of	
  respondents	
  cite	
  “lack	
  of	
  skills	
  to	
  implement/manage	
  
digital	
  transaction	
  systems.”	
  With	
  39%	
  feeling	
  that	
  costs	
  to	
  
retool	
  processes	
  is	
  too	
  high.	
  
DocuSign	
  is	
  designed	
  to	
  be	
  intuitive	
  and	
  enhance	
  
workflows.	
  Many	
  customers	
  create	
  and	
  send	
  their	
  first	
  
envelopes	
  in	
  minutes.	
  One	
  Procurement	
  director	
  had	
  his	
  
organization	
  up	
  and	
  running	
  in	
  30	
  minutes.	
  For	
  more	
  
complex	
  uses,	
  there	
  are	
  all	
  levels	
  of	
  Professional	
  Services.	
  
WITH	
  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	
  is	
  some	
  compelling	
  information	
  to	
  help	
  influence	
  your	
  
leadership	
  and	
  IT	
  department:	
  ROI	
  Impact	
  Report
WHO	
  WAS	
  INVOLVED:	
  400	
  business	
  leaders	
  of	
  companies	
  with	
  
500+	
  employees	
  from	
  around	
  the	
  world.	
  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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Quick Guide to Digital Transaction Management Benefits

  • 1. QUICK GUIDE FOR PROCUREMENT 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   TOPIC   STUDY  REPORTS…   DOCUSIGN  ADDS…   IS  DIGITAL  TRANSACTION   MANAGEMENT  (DTM)  REALLY   THAT  IMPORTANT?   More  than  3/4  of  your  surveyed  peers  say  “Yes.”     63%  of  IT  and  LOB  decision-­‐makers  claimed  that  their   organization  is  at  least  a  7  out  of  10  on  the  digital  versus  analog   spectrum.  In  addition,  they  recognize  that  digital  technologies   create  opportunities  to  add  new  services  to  physical  products,   opening  doors  to  new  experiences  and  revenue  streams.   Hundreds  of  Procurement  organizations  are  already  actively   using  DocuSign  to  streamline  their  operations.  And  for  good   reason:    56%  of  your  contacts  expect  digital  transactions.*   DTM  is  the  only  way  to  deliver  it.   *  SOURCE:  Aberdeen  Research/B2Community  “Signed,  Sealed,  Delivered. Integrating  eSignature  in  the  B2B  Sales  Cycle.”   WHAT’S  THE  RISK  OF   IGNORING  THIS?   Ninety-­‐eight  percent  of  companies  reported  some  revenue   impact  of  poor  transaction  management.     “…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…This  proportion  of  analog   processes  accounts  for  as  much  as  80%  of  costs  and   inefficiencies  in  their  transactions,  placing  a  significant  burden   on  enterprises.”   A  recent  AIIM  survey  revealed:  “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%) “…the  primary  value  proposition  is  rooted  in  helping   enterprises  achieve  operational  excellence.”   Processes  that  once  required  weeks  now  take  minutes.   Approvers  and  signers  can  access  and  execute  documents   on-­‐the-­‐go  on  their  mobile  devices.  Plus,  automated   reminders  help  speed  the  process  along.   With  DocuSign’s  DTM  solution  you  can  reduce  turnaround   time  by  80%  and  save  $34  per  document  (Intellicap   Research).   Paper-­‐free  processes  help  Procurement  organizations   streamline:   • Contract  signing  process • Supplier  compliance • RFP  management • Sole-­‐source  justifications • NDAs  and  background  checks WHAT  HAS  DTM  DONE  FOR   OTHERS?   “By  taking  on  DTM,  we  were  able  to  increase  the  volume  of   processing  without  adding  heads.  So  there’s  the  DTM  value:   cost,  productivity,  and  cycle  time.”   —  Senior  director  at  a  US-­‐based  computer  software,  hardware,   and  consumer  electronics  organization.   • AssurX  reduced  3-­‐5  day  document  turnaround  to  1  day or  less.   • HP  reduced  steps  required  for  contract  completion  by 70%.   • Aon  Affinity  saved  200+  hours/year  not  having  to  rekey data  and  achieved  100%  error  free  documents.   • Turnaround  time  reduced  from  4  days  to  less  than  one hour  at  McKesson.     WHAT  ARE  THE  ROADBLOCKS?   45%  of  respondents  cite  “lack  of  skills  to  implement/manage   digital  transaction  systems.”  With  39%  feeling  that  costs  to   retool  processes  is  too  high.   DocuSign  is  designed  to  be  intuitive  and  enhance   workflows.  Many  customers  create  and  send  their  first   envelopes  in  minutes.  One  Procurement  director  had  his   organization  up  and  running  in  30  minutes.  For  more   complex  uses,  there  are  all  levels  of  Professional  Services.   WITH  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  is  some  compelling  information  to  help  influence  your   leadership  and  IT  department:  ROI  Impact  Report WHO  WAS  INVOLVED:  400  business  leaders  of  companies  with   500+  employees  from  around  the  world.  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.