Sponsored Article

Unraveling the World of Procurement: Rapid Ways to Transform the Industry Now

This sponsored Viewpoint article has been provided by DocuSign
The content below does not express the views or opinions of Spend Matters.
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Spend Matters welcomes this sponsored article from Susan Zhou, demand gen marketing manager at DocuSign.

At DocuSign’s recent MOMENTUM’16 user conference, a packed room of procurement innovators enjoyed a special session aimed at their top needs for 2016. Titled “Keeping Pace with Procurement Leaders,” the breakout featured real-life stories from users of e-signature technology, how they embedded it within current systems and, more importantly, promoted wide adoption.

See how these procurement leaders brought about impressive change.

Below are some of the key highlights and success stories from Intercontinental Exchange, Restaurant Services Inc. and Nevada Department of Transformation to reflect upon as you continue to digitize your business:

  1. Get Contracts Signed in 24 Hours. Period. Peggy Sullivan, director of strategic analysis and market data at Intercontinental Exchange, and her team partners with more than 900 vendors and completes about 150 agreements per month. With hundreds of contracts to sign in a limited time, her team turned to DocuSign to streamline their contract workflow system. Right after implementing this solution, NYSE’s document turnaround time went from four to seven days to less than 24 hours just by sending and signing high-level agreements in the cloud.  
  2. Docs Lost In the Pile? It Won’t Happen Again. Kevin Keller, director of systems development at Restaurant Services Inc., is responsible for supply chain management for more than 7,000 Burger King restaurants. With vast amounts of vendors and suppliers, his team had a difficult time tracking contracts and correcting errors. To resolve this, Kevin and his team decided to integrate SharePoint, Nintex Workflow and DocuSign with their supply chain system to improve the contract management processes. With these integrations, he can track all contracts in the cloud and have it transition seamlessly across teams without missing a beat.
  3. Prevent Project Delays By Streamlining Your Budget Processes. Teresa Schlaffer, business process analyst at the Nevada Department of Transportation, wanted to transform the state on a grand scale by spending less and accomplishing more of its goals, which included creating a new IT implementation model and upgrading the contract execution processes. Right after integrating DocuSign into its systems, the budget approval window shrank from 50 days to just 4 days, allowing Teresa’s team to complete projects promptly without delay. 

Want to Read More?

Visit DocuSign’s website to explore electronic and digital signature technology. Try a demo, sign up for a free trial or see various use cases and ways to implement this in your organization. And to learn more about how DocuSign’s technology can help get procurement and finance team aligned for the digital age, check out the upcoming Spend Matters webinar on Wednesday, May 25, at 10:30 a.m. CDT.

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