Telstra makes investment in transaction management company DocuSign

Telstra has made a strategic investment in eSignature and digital transaction management (DTM) provider DocuSign, a move it says will help it accelerate paper-based processes for its enterprise customers.

The companies did not reveal the amount of the investment. 

Initially, the service provider will use the DocuSign platform internally to accelerate manual, paper-based processes and then it will later use the technology to develop a product it can offer to its business and enterprise customers later this year. 

By using DocuSign's platform, a customer can upload a document, add the names and email addresses of the signers, place tags in the document where the signature, initials and dates are required, and then hit send. These activities can be done in what DocuSign says is a secure online environment.

Being a cloud-based platform, businesses can collect and send business information and sign documents on any compatible mobile or fixed computing device.

What's compelling about DocuSign is it that it's an established brand with over 40 million users in 188 countries, and 775,000 documents containing more than 3.5 million pages are being DocuSigned every day.

When it eventually offers the DocuSign platform to its business customers, particularly large global multinationals, Telstra will be able to potentially process orders faster for a segment that's continually looking for ways to save time and be more efficient.  

"Telstra's investment in DocuSign demonstrates our commitment to giving customers best-in-class technologies that can help them find new efficiencies, improve productivity, reduce costs and enhance customer service," said Mark Sherman, Telstra Ventures managing director, in a release.

This latest pact with DocuSign is just one of many new relationships that the service provider has been adding as it looks to deepen its presence as a cloud-based provider. Telstra has been working with other third parties that have specialized capabilities such as Whispir and traditional telecom infrastructure providers like Cisco and Ericsson (NASDAQ: ERIC).  

For more:
- see the release

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