So, what was the driving force behind our partners incorporating e-signatures into their offerings? It can vary from partner to partner.
Some of our partners sought to increase their revenue and diversify their products, while others aimed to offer e-signatures at a low cost to retain their customers.
There were also those who simply wanted to stay ahead of the competition and meet market standards.
Regardless of the reason, the goal was to provide more value to their customers and that's exactly what e-signatures deliver. Just think about it, allowing clients to sign legal documents in minutes is a huge advantage, no matter the industry or department.
And let's be honest, which of your clients wouldn't appreciate saving time and effort?
Want to know more about why e-signatures are such a big deal?
In this fast-paced world, businesses need to keep up with the latest technology to stay ahead of their competition. And e-signatures are one such area that's seen a lot of growth lately. In fact, the global e-signature market is expected to reach $5.7 billion by 2023, growing at a CAGR of 20.6% from 2018 to 2023.
That's a pretty impressive growth rate, don't you think?
That's because e-signatures not only make the signing process smoother, but they also provide better security, efficiency, and convenience. They're a must-have tool for businesses, regardless of their size or industry.
So in our opinion, if you're a software company, incorporating e-signatures into your offerings is a no-brainer.
Creating a new high-quality product from scratch can be overwhelming. That's where a trustworthy third-party API comes into play.
We all know that adding a new product can be a daunting task.
Creating a new product takes a lot of time, effort, and resources - product development, UX/UI, technical specifications, testing, and certification. And to make it all worthwhile, the e-signature solution has to be legally valid and comply with eIDAS regulations, which can take months to pass audits.
So, if you don't want to make e-signatures your core business, what do you do?
You integrate a third-party API into your product or offering.
That's where we come in.
This is how our real estate partner provided more value
We work with several industries and will now illustrate a real estate case study.
Our partner is a under 20 employee SaaS company that helps real estate agencies improve their workflow by offering up-to-date contract templates. These templates can be easily modified and used by the agency, saving them time and effort.
They were previously offering a subscription-based business model, providing updated templates on a monthly or annual basis.
Although they were successful, they feared that competitors could quickly catch up and offer similar services.
During a stakeholder meeting, they realized they could add more value by offering document creation in addition to templates. This led them to the realization: they needed e-signature!
Their CTO searched for many e-signature providers but struggled to find a solution that was easy to integrate. That's when they found Yousign.
Finding a European solution was crucial for our partner, who needed a solution compliant with the GDPR and eIDAS regulation. They sought a smart, responsive, user-friendly, and robust product.
After contacting Yousign and conducting a compliance and security audit, they decided to integrate the Yousign API into their offering. This integration allowed them to expand their offer to clients by enabling document creation AND signing.
We provided a 40-day free sandbox and support to assist with the implementation. The company's technical team was impressed by the clear API documentation and ease of integration. And the project manager? He definitely appreciated the responsiveness of our support team and felt confident throughout the process.
Only last year, our partner was able to offer to their customer more than 200k signature experiences per month so the result of our integration was just impressive.
The company's offer is much more competitive in the market and they can raise their prices due to the added value of e-signatures. And their clients are now less likely to switch to competitors due to the added value provided by the e-signature solution.
The results speak for themselves
The results are clear - our clients have seen immediate benefits. We have many use cases like the one mentioned before across various industries and departments.
We are working with over 14000 customers and process more than 4 million documents a month.
Thanks to our clear pricing model, some of our partners are able to generate additional revenue with great gross margins. Others are able to catch up with the competition and increase their market share.
Our partners' clients now have the ability to complete the whole documentation cycle in just hours, not days.
On average, the signed documents come back within 30 minutes, and a signature certificate is created with each document to ensure its legal validity.
So, in conclusion, if you are interested in increasing and diversifying your revenue stream, adding more value, or simplifying your customer experience, our e-signature API could be the solution for you without the need to create a product from scratch.