Which E-Signature Company Is the Better Buy?
The pandemic has accelerated the transition to performing routine tasks digitally. For example, 46% more people use online grocery delivery now than before the pandemic began, according to Supermarket News. Another area impacted is digital document signatures. Spending hours in an office signing mortgage papers is a thing of the past; now it's all done online with a few clicks. Leading the way are two companies: DocuSign (NASDAQ: DOCU) and Adobe (NASDAQ: ADBE). Both have significant interest in the e-signature movement, but which stock is the better buy for investors?
With more than 1 million paying customers worldwide, DocuSign has a strong e-signature market foothold. It also has other services like contract lifecycle management, document generation, and contract analytics. Through its agreement cloud, DocuSign streamlines and manages many time-consuming tasks when it comes to binding contracts. Additionally, DocuSign's process has saved 38 billion sheets of paper and 4 million trees, making it a potential environmental, social, and governance (ESG) investment.
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Source Fool.com
