Telstra has made an investment in signature and digital transaction management (DTM) company, DocuSign, which it will both use and resell.
The financial value of the investment has not been revealed, nor has the telecommunications provider’s stake percentage.
As an investor, customer and reseller, Telstra will use deploy the DocuSign platform internally to accelerate manual, paper-based processes, and also offer the technology as a product to its business and enterprise customers.
Telstra ventures managing director, Mark Sherman, said, “The workforce is becoming increasingly mobile and the combination of Telstra and DocuSign gives businesses the agility to carry out day-to-day tasks quickly and efficiently on-the-go.”
“Companies have automated processes leading up to and following the actual signature, but many still needlessly rely on pen and paper to transact business,” DocuSign chairman and chief executive (CEO), Keith Krach, said. “It shouldn’t be this way and it doesn’t have to be this way for Australian businesses.”
The DocuSign allows users to upload a document, add the names and email addresses of the signers, place tags into the document where the signature, initials and dates are required, and send files within a secured online portal.
The company services more than 40 million users in 188 countries, and claims that 40,000 new unique users join its network daily. The platform is used for 775,000 documents per day.
DocuSign is based in San Francisco and Seattle. Its Australian office is in Sydney.