Will DocuSign Continue to Thrive After the Pandemic?
In this video I'm going to discuss why DocuSign (NASDAQ: DOCU) will continue to see success even after the pandemic is over because let's face it, e-signature and digital contracts are the future.
When most people think DocuSign, they just think about e-signature. How big can that be, right? Well, the CEO says the signing business is as big as $25 billion, and DocuSign has the largest market share at close to 900,000 customers. Which is not a lot in the grand scheme of things. So there's a lot of growth ahead on that front, but the company does so much more.
First, there's DocuSign Agreement Cloud and CLM, where you can manage agreements. Companies will need to store, manage, and keep track of all these agreements, and that's where DocuSign's suite comes into play. Last year DocuSign acquired a company called Seal, which brings AI and analytical software to the mix. Its goal is to make any agreement between two parties or more digital. Instead of wasting time rewriting agreements, or having duplicates, forgetting a renewal, etc., you can use DocuSign's suite of products for all of it.
Source Fool.com
