Partnership brings completely digital contracting for high-volume transactions in regulated industries
NEW YORK CITY, NY and MONTREAL – June 2016 – Ecteon, the industry’s premier contract management software provider has partnered with eSignLive, the e-signature choice for business, to offer enterprise clients the added value of secure signatures anytime, anywhere within their contract lifecycle management software, Contraxx.
“Our partnership with eSignLive allows us to better meet our customer’s needs for both simple and complex contract signing processes,” said Richard Eckerstrom, chief executive officer of Ecteon. “In today’s dynamic and digital business world, it is imperative we provide our clients with the most advanced technology partnerships possible so we can continuously innovate Contraxx and anticipate our clients’ business needs.”
Research from Aberdeen shows sales organizations that have adopted e-signatures are 50 percent more likely to realize year over year improvements in customer renewal rates. They are also 41 percent more likely to reduce proposal error rates and 18 percent more likely to shorten their sales cycles. Beyond the direct benefits to the sales organization, however, electronic signatures deliver value by saving the customer time, accelerating the delivery of goods and services, closing more business faster by reducing delays and decreasing paper use.
For e-contracting in particular, e-signatures provide a controlled workflow that allows contracts to be viewed and signed in the proper order, in one session, while capturing all data and signatures without error. And because the process stays digital from end-to-end, all document handling costs are reduced because documents are automatically indexed, stored and retrieved.
Ecteon’s clients will benefit from functionality eSignLive brings, including:
- Enhanced protection: An active audit trail that captures and proves what was presented, agreed to and signed, enhancing clients’ legal protection and demonstrating compliance;
- Flexible deployment options: eSignLive is available both on-premises and in the cloud for maximum scalability;
- High adoption: Seamless integration into Ecteon’s Contraxx software using eSignLive’s open API and white-labelling, enhancing ease-of-use and trust for the end-user.
“E-contracting can be complicated in regulated markets considering the sheer volume of documents and multiple stakeholders,” said eSignLive President, Tommy Petrogiannis. “eSignLive’s integration will enable Ecteon’s clients to speed up the contracting process and stay compliant, all while enabling anytime, anywhere, any device secure signing.”
With eSignLive’s integration, Contraxx can help businesses easily and securely create, capture, manage and analyze all types of agreements.
For more information about e-signatures for e-contracting, visit www.esignlive.com/resource-center/e-contracting-success-stories-top-reasons-to-e-sign-contracts.
About Ecteon, Inc.
Celebrating 30 years in business, headquartered in New York City, Ecteon recognizes that contract management is a complex function for most organizations, large or small. Ecteon provides a full range of contract management services, including business planning, implementation, training and support. The company has extensive expertise and knowledge across multiple industries and offers consulting services to help clients optimize their contract management systems. Ecteon’s experience provides unique insights that enable customers to effectively and reliably manage their entire contract lifecycle. The company works with notable financial, entertainment and corporate businesses in the US and around the globe. For more information, visit www.ecteon.com.
About eSignLive™ by VASCO®
eSignLive ™ is the electronic signature solution behind some of the world’s most trusted brands. Regulated industries and top analyst firms recognize eSignLive’s products and services for their ability to balance the highest levels of security and compliance with ease-of-use while automating any process – from the simplest, internal signing workflow to the most complex, customer-facing transactions. Available in the cloud and on-premises, the eSignLive solution offers a scalable platform to support an organization’s digital transformation strategy across the enterprise – today and tomorrow. eSignLive is the trade name of Silanis Technology Inc., a VASCO group company. VASCO Data Security International Inc., a global leader in authentication, electronic signatures and identity management, enables more than 10,000 customers in 100 countries to secure access, manage identities, verify transactions and protect assets across financial, enterprise, e-commerce, government and healthcare markets. Learn more at www.esignlive.com.