OpenText and DocuSign Transform Electronic Signature Process for Enterprise Content
Enterprise Information Management and Digital Transaction Management Leaders Enable Organizations to Digitally Transform with New Electronic Signing Capabilities
WATERLOO, Ontario, Nov. 12, 2015 /CNW/ -- OpenText™ (NASDAQ: OTEX, TSX: OTC), a global leader in Enterprise Information Management (EIM), and DocuSign, Inc. (DocuSign®), The Global Standard for Digital Transaction Management® (DTM), today announced new integrations to help OpenText enterprise customers securely create and route documents for electronic signature. With the DocuSign integration, OpenText users will have a court-admissible audit trail to help comply with information governance needs.
In the digital world, organizations still face considerable challenges manually obtaining signatures to validate documents. By breaking the digital workflow, organizations risk losing visibility into the status of the document throughout the process and correctly determining where to store or archive the document.
As part of The DocuSign Global Trust Network, OpenText will provide customers access to Digital Transaction Management (DTM) solutions that enable organizations to quickly get up and running with secure, managed and legally compliant electronic signatures, eliminating the need to print, fax, scan and overnight documents. In addition, customers benefit from pre-configured document templates which can be easily added to existing workflows and adapted for specific requirements.
"By integrating DocuSign into our content and process management solutions, enterprise customers can send, sign and manage documents anytime, anywhere, and from any device," said Adam Howatson, chief marketing officer for OpenText. "This is another great example of how OpenText and its partners support organizations' digital transformations."
Using the OpenText Content Suite Platform with DocuSign, users can quickly and securely route communications through to signature and easily store the signed document back into the repository. DocuSign reduces the time and burden that employees associate with paper signature processes while helping to ensure enterprises meet compliance and information governance standards through its complete, easy-to-monitor audit trail, capturing all activities associated with the document, time stamps and the location of where the document was signed. DocuSign will also be available as part of OpenText Customer Communications Management to create documents requiring signatures, and can add electronic signatures capabilities to OpenText Contract Center for automated contract processing.
"DocuSign helps organizations of every size, industry, and geography eliminate the hassles, costs, and lack of security inherent in paper-based processes to transact business 100% digitally," said Brad Brooks, the chief marketing officer at DocuSign. "Our partnership with OpenText brings together their information management leadership with the power of DocuSign's Digital Transaction Management platform. Together, this will help our joint customers achieve dramatic ROI, increased security and compliance, and better transaction experiences."
The new signing capability is an enhancement to the OpenText Content Suite, OpenText Extended ECM for SAP Solutions, comprehensive Enterprise Content Management (ECM) systems designed to manage the flow of information from capture through to archiving and disposition, and now including the signature process. The electronic signing is also enhancing OpenText Process Suite by integrating with OpenText Contract Center, as well as with OpenText PowerDocs, which is part of OpenText Customer Experience Management strategy.
OpenText Enterprise Content Management, Business Process Management, and Customer Experience management are among the key components of the OpenText Enterprise Information Management (EIM) strategy, enabling organizations to discover and manage information to spur growth and innovation and decrease time to competitive advantage. The platform consists of comprehensive and integrated product suites including Content Suite, Process Suite, Experience Suite, Discovery Suite, Information Exchange, and Analytics.
About OpenText
OpenText enables the digital world, creating a better way for organizations to work with information, on premises or in the cloud. For more information about OpenText (NASDAQ: OTEX, TSX: OTC) visit opentext.com.
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Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText's assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Copyright ©2015 Open Text Corporation. OpenText is a trademark or registered trademark of Open Text SA and/or Open Text ULC. The list of trademarks is not exhaustive of other trademarks, registered trademarks, product names, company names, brands and service names mentioned herein are property of Open Text SA or other respective owners. All rights reserved. For more information, visit: http://www.opentext.com/who-we-are/copyright-information.
About DocuSign, Inc.
DocuSign® is changing how business gets done by empowering more than 100,000 companies and more than 50 million users in 188 countries to sign, send and manage documents anytime, anywhere, on any device with confidence. DocuSign replaces printing, faxing, scanning and overnighting documents with the easiest, fastest, most trusted way to make every approval and decision digital. Organizations of all sizes and industries are accelerating contracts, approvals and workflows with DocuSign's Digital Transaction Management (DTM) platform and eSignature solution. DocuSign keeps life and business moving forward.
For more information, visit www.docusign.com, call +1-877-720-2040, or follow us on Twitter, LinkedIn and Facebook.
Copyright 2003-2015. DocuSign, Inc. is the owner of DOCUSIGN® and all of its other marks (www.docusign.com/IP). All other marks appearing herein are the property of their respective owners.
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SOURCE Open Text Corporation
Julie Millard, OpenText, 519-888-7111 x3454, [email protected]; Sonya Mehan, Investor Relations, OpenText, 519-888-7111 x2446, [email protected]; Katie Carbone, Weber Shandwick, 1 617-520-7135, [email protected], http://www.OpenText.com
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