Singtel and DocuSign launch e-signature solution on SaaS portal
Singtel and DocuSign have partnered to launch a cloud solution that allows for faster document authorization and more effective tracking, with the use of electronic signatures in secure ways.
The solution is aimed at businesses undergoing digital transformation that need to upgrade their workflows and approval processes and keep digital records of them.
The DocuSign solution will be available via Singtel’s Software-as-a-Service portal. It aims to offer organizations the convenience of approving documents within minutes. Electronic documents and signatures can be electronically tracked from signatory to signatory, and protected against tampering. The solution also attaches to each document an electronic Certification of Completion seal that is admissible in court as it captures the audit trail of the signatories’ Internet Protocol addresses, time stamps and sequence of ownership.
The passing of the Electronics Transaction Act 2010 in Singapore supports the adoption of e-documents and e-signatures.
As the exclusive retailer reseller of DocuSign in Singapore, Singtel provides a single, dedicated local point of support to help organizations deploy the solution, with no software or hardware solution required.
Small and medium-sized enterprises that deploy the DocuSign solution are eligible to receive tax deductions under the Government’s Productivity and Innovation Credit scheme.
The United World College of South East Asia (UWCSEA), an international school in Singapore, has started using DocuSign to improve its staff hiring and student admission processes.
Ben Morgan, UWCSEA’s IT Director, said, “UWCSEA is constantly exploring ways to deliver better value to families, and attracting the very best teachers from around the world. Shifting from paper-based to digital documents will reduce the time taken to complete some tasks by weeks, reduce the costs and environmental impact, as well as significantly reduce administrative workloads.”
Industry analyst Statista estimated that the global digital transaction management market is expected to grow from US$13.93 billion in 2017 to US$30.66 billion in 2020.