Executive Summary
Business Objectives
- Lower the cost of e-signature by switching vendors
- DocuSign attempted to raise rates by 600%. The energy retailer settled on 300% for a 1-year renewal, then began looking for an alternative provider
The Solution
- OneSpan Enterprise Plan
- Integrated with the energy retailer’s mobile app
- Switch to OneSpan opened the door to white labeling, “something no one else really provided”
Results
- Saved 75% compared to original rate increase
- Implemented OneSpan ~50% faster than planned
- Rolled out to reps 75% faster – 1 week instead of 4
- Problem-free roll-out: Greater levels of service and customer support
Challenge: 600% fee hike inspires quest for new e-signature provider
This energy retailer depends on its e-signature capabilities to fulfill door-to-door sales in 13 states plus the District of Columbia. Given that this sales channel is the retailer’s largest B2C revenue generator with over 240,000 contracts a year, the ability to gather signatures via its mobile app is vital to its success. Without the power to collect signatures on the spot, says Ken Long, head of technology for consumer sales, “We’d have to go back to manual [paper] mode and that’s where I risk losing sales.”
The company’s relationship with its e-signature provider, DocuSign, had been going reasonably well. But as the contract renewal period approached, Long found DocuSign difficult to engage. For three months, Long tried to arrive at an agreement with DocuSign, yet “They didn’t come to me until a week before my contract was expiring.”
Then came the bombshell: “They said they were going to raise my rates by 600%.”
With so much at stake, Long scrambled to find a solution. He negotiated a temporary renewal with “only” a 300% rate increase, then initiated a search for a better e-signature value.
One of the main factors why I decided to go with OneSpan was their willingness to work with us, the attention we received, and the ability for us to ask questions and get accurate and true responses that showed they understood what we were trying to do.
Ken Long, Head of technology for consumer sales
Solution: In a Field of 10 Potential Vendors, OneSpan Stands Out
Long and his team looked at 10 different providers to find one that could meet their requirements: document encryption, branding opportunities, and ability to integrate with critical sales applications. After a period of research, they narrowed the field to two providers: OneSpan and HelloSign.
“We did a full feature capability cost comparison across the 10, and the 10 included DocuSign. And although OneSpan Sign was not the cheapest, the less expensive solutions just didn’t have near the functionality that we required.”
OneSpan Sign’s white-labeling brought a new opportunity to the table. “We weren’t white-labeling before; it was something no one else really provided.”
But integrating e-signing and document workflow capabilities directly into their mobile app trumped all other considerations. “We have an iOS app that the agents use for their sales journey. So that was the most critical for us.”
WORKFLOW DIAGRAM
For years, the energy retailer's sales reps had reported customer dissatisfaction with the small size of DocuSign’s signature box. Despite repeated requests, DocuSign failed to offer a larger box. OneSpan did so immediately.
Result: OneSpan Sign Implemented in Almost Half the Time
After a six-week proof-of-concept (POC) test period, OneSpan won the contract. “We built in a 90-day window for the integration and go-live,” says Long. “We got full implementation in 48 days, exceeding my expectations.”
The roll-out to reps was even faster. “We originally planned to roll-out the OneSpan Sign integration to our 350 field reps gradually over a four-week period. We ended up doing it in one week. We didn’t experience a single problem. I anticipated an influx of calls. Not a one. No bugs, no latencies, no problems.”
Result: Energy Retailer Saves 75%
By moving to OneSpan Sign, the energy retailer “saved 75% of what we would have paid for DocuSign’s original renewal price,” says Long.
Yet the satisfaction and performance returns are even greater. “We have not had any outages – we’re at 100% so far, which is great. And the response from the tech team and dev team has always been good.”
Most importantly, the people on the ground, the sales reps responsible for meeting their ambitious sales targets, have been very pleased. “There were definitely some immediate positives that we got,” Long says. “I didn’t hear any negatives, and they just felt that the signature process was simpler and cleaner, and easier for them and the customer.”
We’re very satisfied with OneSpan support. If we can’t get them on the phone when we call, they call us back quickly. That’s a big differentiator from DocuSign. With DocuSign, I had to escalate support requests extremely high. That happened on multiple occasions.
Additional Resources
