People must adjust and shift their daily routines with new technology. Paper-based procedures are no longer dependable, efficient, or secure when making purchases or adding clients to the network. Additional technologies are emerging due to digital transaction management.
A concern that has emerged with the expansion in eCommerce and online transactions is the security issue. However, many businesses have adopted systems that make it simple for customers to sign contracts or record payments. Signeasy’s eSignature solutions for banks and financial firms might be a game changer regarding security and effectiveness.
The development of digital transaction management
Any business solution that uses cloud-based software and services to digitally manage a variety of document-centric workflows involving people, documents, data, and transactions within and beyond the firewall is referred to as Digital Transaction Management (DTM) by Aragon.
Along with managing electronic transactions and the documents that go along with them, it also encompasses eSignatures, verification, document transfer, validation, secure archiving that extends beyond records management, and several meta-processes.
As businesses are forced to use digital documents in place of papers, the entire document lifecycle is automated, improving speed, efficiency, security, and accountability.
Aragon’s digital transaction management globe 2022
Digital transaction management (DTM), “a market that has enabled paperless transactions during the COVID era,” is a specialty independent research and advising firm, Aragon Research.
The DTM industry is constantly changing, and firms have increasingly switched from manual to automated or digital procedures in 2021. This 2022 Aragon Research Globe assesses 20 significant vendors who are having an impact on the market for digital transaction management.
The use cases for digital transaction management that typically have the most significant effects on companies are:
- Processes that involve interacting with customers, such as sales agreements, supplier agreements, NDAs, partner onboarding, and offline purchases
- Employee-centric procedures include offer letters, employment applications, nondisclosure agreements, stock options, salary agreements, and privacy notices.
Leading with Signeasy
According to Aragon, a player is considered a leader if their comprehensive plans and product offerings match market trends and industry trends and if they successfully execute against a given strategic environment. The Globe executives assist in leading the DTM market and have a distinct vision.
Signeasy has been recognized as a leader by Aragon in recognition of Signeay’s market presence, supporting 40,000 organizations internationally and the widespread use of the mobile apps available through the Play Store and the App Store.
Aragon also acknowledged Signeasy’s ongoing efforts to fortify the alliances to better serve the clients in the Salesforce, Microsoft, and Google Workspace ecosystems.
As part of their team and business plan, Signeasy delivers a centralized dashboard for user administration, is available in 24 languages, and supports all standard document types. To save and archive documents, Signeasy also uses Box, Google Drive, Dropbox, and Microsoft OneDrive.
According to the report, this year’s rollout of use reports completely changed their admin experience. In keeping with its plan to become more upscale, Signeasy has made considerable investments in security and compliance to become SOC2 Type II and HIPAA compliant.
Signeasy is a user-friendly, cutting-edge eSignature and DTM solution for companies wishing to digitize and expedite their document-based operations. Offering a Web app, a mobile app, and an API platform enables companies to grow at their speed with open and adaptable pricing.
Aragon digital transaction management globe report
According to Aragon, the demand for digital transactions will continue to climb in 2021 due to COVID, remote work, and the fact that many businesses will be unable to continue conducting business using paper, among other factors. These elements contributed to the market expanding a little more quickly than it did before COVID. Business executives can no longer ignore this problem and are already noticing the advantages of migrating from paper to digital signing.
According to the survey, businesses “intend to invest in more tools to assist them in automating all of their company activities. It is not simple to automate the drafting of documents and contracts, but the category’s expansion indicates that this transformative transition is well underway.
The companies implementing DTM continue to do better than their rivals by providing a streamlined customer journey that makes subscribing to a service or creating a new purchase entirely digital.
Companies are approaching a new era in which business will be performed using applications that enable speedier business operations because everything will be digital at all times.
One of the first categories of business applications gaining ground in digital transaction management. The use of technology in business is not dependent on permission, and they are searching for business applications that produce better and quicker results since that is what they desire.