Formstack’s acquired eSignature product, InsureSign, was recently named a Hot Vendor in Digital Transaction Management by Aragon Research. You’ve probably heard us talk about building our workplace productivity platform, and the addition of the InsureSign eSignature offering was big. With InsureSign, businesses of all sizes can securely collect electronic signatures on important documents from anywhere on any device. Within minutes, a client can open an email or text on their computer, tablet, or mobile phone; access the necessary document; sign electronically; and submit to complete the process.
We’re excited to be recognized in the category of digital transaction management (DTM). To understand why, you must first understand what DTM is and how it affects businesses.
What is digital transaction management?
Digital transaction management is the process of managing document-based transactions through electronic means. According to Aragon Research, “DTM is about streamlining business processes—by keeping document processes fully digital, including, but not limited to, the electronic signature.”
Customers increasingly want and expect experiences to be 100% digital when it comes to data collection, documents, signatures, etc. DTM is the easiest way for a business to achieve that digital transformation.
What industries are in need of DTM?
Digital transaction management is becoming an important factor for most industries, but the ones with document-heavy processes stand to benefit most from going digital. Unfortunately, the industries that need DTM most are usually the slowest to adopt technological changes because of cost, time constraints, and security concerns.
Here’s how industries with the biggest need can take advantage of DTM solutions:
- Healthcare, to better manage a massive amount of patient files and collect consent
- Insurance, to compile applications, policy endorsements, no-loss statements, and other important documents quickly and securely
- Real estate, to streamline creation and signing of rental applications or purchase agreements
- Banking, to improve customer experience and eliminate paperwork errors on critical financial documents
- Education, to expedite enrollment and provide a more positive student experience.
- Government, to quickly move forms through approval processes and reduce turnaround times
How can Formstack help with DTM needs?
We’ve been hanging out in the digital age for nearly 50 years now, but not everyone has kept up with technology’s rapid evolution. For some businesses, making a full digital transformation requires a little push.
The good news is that Formstack can help. We offer multiple workplace productivity products to help you transform the way you collect information and put it to work. From data collection with online forms and surveys to automated document generation to electronic signatures, we offer a full suite of digital transaction management solutions.
Learn More: Discover how to use Formstack, WebMerge, and InsureSign for advanced digital transaction management.
InsureSign was identified by Aragon Research as a Hot Vendor in DTM because they believe it can help your organization take DTM to the next level. When you use InsureSign as part of Formstack’s workplace productivity platform, you unlock some transformative process automation capabilities. Use Formstack to collect data from your clients, send that data to Formstack Documents to populate your documents, and finish by directing your completed file to InsureSign to collect a signature. Formstack offers an integrated experience so you can collect data and sign documents faster.