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Docusign expands beyond signatures with new AI-powered contract management tools

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For about 20 years, Docusign has been known as a tool for collecting digital signatures—helping businesses replace paper forms with electronic versions that are just as secure and legally binding. Just over a year ago, the company announced its development of an “intelligent agreement management,” or IAM, platform. This platform uses AI not only to gather signatures but also to assist with creating new agreements and organizing contracts after they’ve been signed. These features contributed to strong earnings in Docusign’s most recent quarter, beating analyst expectations and helping customers transform contracts from hard-to-manage text files and paper printouts into actionable data.

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“It’s literally a revolution in how agreements are managed inside of companies,” says Allan Thygesen, Docusign’s CEO.

Traditionally, even digitally signed documents are still stored as word processing files or PDFs, often scattered across company servers and cloud systems. Although critical to company operations—from hiring to product sales—”Businesses really run on agreements,” says Docusign Chief Revenue Officer Paula Hansen. Yet these documents are often difficult to scan and analyze systematically. That makes it challenging to answer even basic questions, such as which agreements are up for renewal next month, without time-consuming human review.

“It really should be structured data that’s managed by software,” says Dmitri Krakovsky, Docusign’s chief product officer. “But in fact, it usually sits in text somewhere—you cannot interrogate the contract.”

Docusign’s IAM platform aims to solve that by giving customers a centralized space to store and track contracts—including those housed in other cloud systems—reducing the need to hunt down relevant files. Its AI tools can automatically ingest, analyze, and search contracts. Meanwhile, an automation platform called Maestro helps companies build workflows around agreements, such as collecting customer data via webforms, gathering signatures, and verifying signer identities. Once signed, contracts can be saved automatically, and Maestro can log relevant data to third-party systems like Salesforce.

[Image: Docusign]
[Image: Docusign]

Now, Docusign is unveiling a suite of new features to make it easier for users to collaborate on contracts, track compliance, review them with AI, and verify the identity of signers.