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2025-04-16 12:00:00| Fast Company

For about 20 years, Docusign has been known as a tool for collecting digital signatureshelping 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 theyve 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. “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 operationsfrom 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 somewhereyou cannot interrogate the contract.” Docusign’s IAM platform aims to solve that by giving customers a centralized space to store and track contractsincluding those housed in other cloud systemsreducing 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] 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. Launching at this weeks Docusign Momentum conference, a new AI engine called Docusign Iris will leverage the companys deep contract experience to apply the most suitable AI models for various tasks. “We get to benefit from our deep understanding of how agreements are structured,” Thygesen says. “There’s sort of an inherent meta-structure to agreements, and therefore an ability to develop better models for extraction.” New virtual workspaces will enable collaboration on complex, multistep agreements. A feature called Obligation Management will automatically extract and highlight what each party is required to deliver and whenensuring deadlines arent missed. This data can also be integrated into other software, like procurement management tools, eliminating the need for manual data entry, Krakovsky explains. [Image: Docusign] By next month, Docusign plans to release a beta version of a new feature called Agreement Deska ticketing system that helps companies organize and manage contract-related tasks, similar to developer or help desk systems. Its designed for use across departmentsnot just legalsupporting teams like sales, HR, and procurement. Agreement Desk offers visibility into task statuses and required actions. New contract prep tools will also make it easier to populate templates with data from across a companys systems. Later this year, Docusign expects to roll out more advanced AI agents that can further automate contract processes. These tools will recommend next steps, highlight contracts up for renewal, flag potential issues, and even generate draft communications. Enhanced AI review features will identify contract terms that conflict with company policies, which can be written in natural language. Users can continue editing contracts in familiar tools like Microsoft Word or Google Docs, where AI-suggested redline changes will also appear, says Thygesen. Thats important for a solution meant to enhancerather than replaceexisting workflows. “Trying to get people to move out of the tools that they like to work inemail, Wordhas not ended well for anyone,” he says. No matter the tools or workflows, Docusign’s management and AI features are designed to help customers avoid missed opportunities caused by delays or overlooked deadlines. [Image: Docusign] Some customers are already seeing the benefits. Kelly Park Capital, which connects independent financial advisers and their clients with investment opportunities like hedge funds and private equity, uses Docusign’s systems to digitize and manage complex investment subscription documents. “These documents are hundreds of pages long, typically, and they are filled with dense, archaic, legalistic, regulatory-driven language,” says Dean Rubino, managing partner at Kelly Park Capital. “So if you’re not used to that, and you’re trying to do it in mass, it’s almost impossible.” Using Docusign technology, the company collects preliminary datalike client info and investment typesvia web forms, which Maestro then automatically adds to the correct digital template. This saves around 70% of the time previously spent manually filling contracts and reduces the risk of transcription errors, Rubino says. Docusign’s upcoming workspace feature will also help Kelly Park Capital collaborate more effectively on documents. Meanwhile, AI tools may soon enable automatic updates to templatesuseful for applying regulatory changes across similar agreements. While other tools exist for managing legal documents and using AI to analyze them, Docusign leaders believe their long history with contractsand the trust of nearly 1.7 million customersgives them an edge. “It’s still really early days,” says Hansen. “But the results are exceeding our expectations, and we’re fortunate to have a really large customer base and a customer base that trusts us.”


Category: E-Commerce

 

LATEST NEWS

2025-04-16 11:45:40| Fast Company

Design industry leaders trust artificial intelligence less than they did a year ago, and many see the world as an increasingly uncertain place. These are a few of the most striking takeaways from the 2025 State of Design & Make report from the design and engineering software maker Autodesk. This third annual design industry outlook is based on surveys and interviews with 5,594 industry leaders, futurists, and experts across industries including architecture, engineering, construction, and operations, design and manufacturing, and media and entertainment. Leaders from what Autodesk calls the design and make industries were asked to report on a wide range of topics, including adoption of digital technologies, sustainability efforts, supply chain challenges, and the growth of AI. [Image: Autodesk] AI is a recurring topic in the report, but one of the most striking results is just how skeptical industry leaders are becoming about AI and its use in their businesses. Only 65% of architecture, engineering, and construction professionals say they trust AI, down from 76% last year. That may not change its impact on the business, however, as 68% of firm leaders believe AI will ultimately enhance their industry, compared with 48% who think it will be a force of destabilization. “Its not surprising to see trust in AI dip as the architecture industry moves from experimentation to implementation. Architects are navigating real-world challenges, including global economic uncertainty and tight budgets, complex stakeholder needs, and increasing pressure to deliver sustainable outcomes. That creates healthy skepticism about any new technology,” says Racel Amour, head of generative AI, architecture, engineering and construction at Autodesk. “While AI excels at pattern recognition, users often struggle with trusting its decisions due to a lack of transparency and understanding of the reasoning behind the decisions. This is especially true for architects, who need to be able to validate their designs and ensure constructability.” But while AI is still an open question for many design industry leaders, there are some ways it has been largely embraced. According to the report, 39% of industry leaders say they are using AI to be more sustainable in their business practices, up from 34% in 2024 and 26% in 2023. [Image: Autodesk] The global economy is another overarching theme in the report, with many industries expressing concern and uncertainty. The architecture industry stands out, with leaders from the field predicting dark times ahead. Last year, 74% of architecture leaders reported that they were well prepared for unforeseen future changes in the global economy. This year that number has dropped to 46%, the steepest decline among all industries surveyed. The number of architecture leaders who see the global landscape as more uncertain than three years ago has risen from 35% to 57%. Just 55% of leaders in the architecture sector say they will increase investments in the next three years, a 28% decline from 2024. This design industry outlook may feel a bit like a knee-jerk reaction to the tumultuous economic conditions that have emerged in the early months of the Trump administration, but industry leaders were seeing these clouds on the horizon long before. The quantitative data that the report is based on was collected between May and August of last year. “The uncertainty in the industry is real, but so is the opportunity for architects to shape a future thats more efficient, sustainable, and human centered. And AI is the tool to help us get there,” Amour says.


Category: E-Commerce

 

2025-04-16 11:19:00| Fast Company

I was taught that hard work would get me ahead, would ultimately pay off, and would get me promoted.  But several years ago, when I was passed up for yet another promotion, I was angry and devastated because I was convinced that I had deserved that promotion. How could I not have been promoted after all the hard work I had been doing? A mentor I reached out to finally confided this to me, Yes, you are working hard. But you are working on the wrong things. You need to be working on things that get you visibility. I was doing lots of work, but with little visibility. I didnt realize that only focusing on working hard was the quickest way to not get promoted. Even if I thought I was performing exceptionally, others didnt have that perception of me. They didnt see me in action on the things that mattered to them. It wasnt clear or evident to them that I was capable and should be promoted. So if you arent getting promoted, its not that you didnt deserve a promotion, or that you arent capable, or that you havent earned it. Heres what you might not recognize: You arent visible to the leaders who are behind closed doors making decisions about your career.  So if you want to get promoted, start with focusing on the following three things: Prioritize whats important to your organization Especially in this current market, companies are having to make hard choices across the board. They are faced with executing layoffs, changing direction in strategy, cancelling initiatives, and more. Companies are prioritizing, reprioritizing, and reprioritizing again, assessing whats the most important thing for them to achieve at this moment. And you need to make sure you have a clear understanding of what those changing priorities are. Review your project list and your goals for the year. What percentage of items are still relevant to your companys changing priorities? All of it? Some of it? Or none of it? If you are quietly working on projects that are no longer a priority for the company, or have been put on the back burner, your work has become invisible. All that hard work has been forgotten or is just no longer important at this moment.  Check in with your boss on what you are currently working on. They may have forgotten that you are still working on something thats no longer relevant. When meeting with them, share with them what you have heard the companys priorities are. Make sure you are raising your hand to take on work thats important to leadership and helps you get the visibility you need. Every job will include non promotable or administrative work. And if you are working hard on invisible work only, you need to adjust quickly to ensure your work is getting on the radar of those making decisions about your career. Make sure you are visible to other leaders One of the biggest mistakes I made was to tie all my career fortunes to my boss. At one point in my career, I became exceptional at managing up to this one boss. She knew what I was working on; she had me leading a lot of visible work with very little non promotable or administrative tasks. She advocated for me in rooms I wasnt in. She coached and guided me on what I needed to do to get promoted. Unfortunately for me, she got a great external opportunity and left the company. And then I was left all alone, trying to navigate my career. I had lost my only career champion at the company. Make sure you arent just visible to your boss, but also to other leaders. If your company encourages skip level meetings, get a meeting with your bosss boss and whoever is running your division. And if they dont, you can certainly schedule this or ask your boss ahead of time, so they dont think you are going behind their back. It can be a short meeting to ask them questions about their career, but also to give them the highlights of what you are working on.  You can send them quick updates once a month on progress, or share articles or books you have been reading that are pertinent to the challenges and opportunities your company is currently facing. Also, build relationships with your bosss peers. When my boss left, one of her peers took over our team. I wish I had built a relationship with her sooner so she knew what I was working on and how I was adding value. Remember, you want to be visible not just to your boss, but to anyone who has a say in whether or not you get promoted. Be ready to present in big and small moments I thought my hard work would speak for itself. Even if I was working on the right things, I kept my head down and worked hard, and worked some more. I didnt think I needed to promote what I was doing; that quite frankly seemed like a waste of time. I needed to be focused on the work, and not talk about the work. Now, I think about so many missed opportunities in my career to share what I was working on and be visible. All those missed opportunities cost me a number of key promotions along the way. So be ready to present, share, and be visible in those small and big moments. If they are looking for nominations to present projects at the next town hall, say yes. If they are looking for someone to ask the CEO a question about the shifting priorities, raise your hand. If they want someone to kick off a team meeting with a highlight on their project, volunteer to do it. Any opportunity to be visible and showcase what you are working on, take it. I shifted my mindset to realize this: It wasnt about me bragging about what I was doing. It was me sharing the value I was adding to the company, and a great opportunity to hear questions and get inputs along the way to make my work stronger.  Instead of just working hard heads down, becoming more visible also meant I could get more coaching from other leaders. If you are disappointed that you arent getting promoted, all is not lost. Shifting from working really hard under the radar to working on the right things and being visible might just be what you need to get on the path for the promotion you deserve.


Category: E-Commerce

 

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