Hey DOCU Fools:
As I noted in my Ticker Take earnings report last week, one key area of growth for DocuSign is in the area of developing a Systems of Agreement Platform, see this post and thread:
DocuSign acquired Spring CM to advance this initiative. In the recent earnings Conference Call, CEO Springer discuss the effective integration of Spring CM. Well, today the company announced the launch of the DocuSign Agreement Cloud. You can take a look at the platform here:
Here are a few of the highlights from the press release announcing the launch:
**Included in the DocuSign Agreement Cloud are three new products announced today that simplify and accelerate document generation, identity verification, and click-to-agree scenarios. These are in addition to DocuSign’s flagship eSignature product, the recently acquired SpringCM offering for contract lifecycle management, and several other existing DocuSign products.
**Also included in the DocuSign Agreement Cloud are hundreds of integrations to other applications that touch the agreement process, such as those by Salesforce, Microsoft, Google, and SAP. Together, this comprehensive suite defines a new category of cloud software that potentially doubles DocuSign’s existing total available market to an estimated $50 billion globally.
**As part of today’s announcement, three new products are coming to market as part of the broader DocuSign Spring '19 Release.
DocuSign Gen for Salesforce, available on Salesforce AppExchange, enables sales reps and other users to automatically generate signature-ready contracts with a few clicks, directly from within Salesforce. This can result in faster deals, fewer errors, and greater productivity.
DocuSign ID Verification simply and securely automates the verification of government-issued IDs and European eIDs when they are used in confidential or sensitive transactions. For example, opening a bank account would normally require the signer to physically present a photo ID. DocuSign ID Verification allows this process to be digitized and automated, enabling signers to verify their identity on a mobile device from practically anywhere.
Here what Springer has to say about the launch:
“The DocuSign Agreement Cloud represents the future of our business—and the future is now,” added Springer. “The agreement cloud category is inevitable. It complements other huge categories like CRM, HCM, and ERP, which all connect to the agreement process. At DocuSign, we already lead e-signature. Now, we are broadening to address the entire agreement process.”
The launch of this platform is the first step in accelerating DOCU’s revenue growth and enhancing it Net Retention Rate, IMHO. FY20 is the year to see if this plays out as we hope.
BTW, I like the company’s tag line for the DocuSign Agreement Cloud: Let’s agree to agree, better."
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