PRINCETON, N.J.--(BUSINESS WIRE)--Zycus, a world leader in procurement technology across the Source-to-Pay cycle, announced it has integrated DocuSign, Inc. (DocuSign®) eSignature and Digital Transaction Management (DTM) into the Zycus iContract platform. The integration will give businesses greater efficiency in managing the entire contract management process for faster speed to results, lower costs, increased security and compliance, and a better experience for customers, partners, suppliers and employees.
The integration with DocuSign will bring a significant boost to the Zycus suite, enhancing the already comprehensive Contract Lifecycle Management (CLM) solution to enable business organizations of all sizes to efficiently author, manage, monitor and sign contracts 100% digitally – with an unprecedented ease of integration with their existing business processes.
Zycus users will benefit from the features and functionality of DocuSign’s DTM platform and eSignature solution to make each contract signing process fast, easy and secure. Contract authors will have the flexibility to:
- Customize signature blocks at both company and user level
- Sequence signers for individual contracts
- Provide custom placement of the signature block, initials, signature, full name etc. inside the contract on every page
- Replicate entire signature blocks anywhere in a contract with just a click
Such process automation has notable benefits, as per research carried out by DocuSign, including:
Faster speed to results: Accelerate contract signings with 84% of transactions completed within 1 day, 62% within 1 hour
Lower Costs: Remove the need to print, fax, scan and overnight paper documents to transact business, saving companies, on average $36.44 per document
This is also applicable in case the company is using a supplier template as custom signature blocks can be adapted to external templates as well.
“A streamlined contract management process is critical in today’s dynamic business ecosystem”, says Kanishka Ghosh, Director, Product Management, Zycus. “Documents shared between organizations need to be authenticated in the system and supporting electronic signatures is the way to provide a reliable, real-time, automated solution. Our partnership with eSignature and Digital Transaction Management leader DocuSign will provide greater flexibility within the Zycus iContract platform to our customers, putting them at the cutting edge of innovative processes.”
Zycus is a leading global provider of source-to-pay software suite that includes Spend Analysis, eSourcing, Contract Management, Supplier Management, Financial Savings Management, Project Management, Request management and Procure-to-Pay. We currently cater to 300+ customers in 20 countries across diverse industries.