NA energy retailer switches to OneSpan, saves 75%

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 the 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, the company's head of technology found Docusign difficult to engage. For three months, he 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, the head of technology 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.

Solution: In a field of 10 potential vendors, OneSpan stands out

The 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.”

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 the head of technology. “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 the head of technology.

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,” the head of technology 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.”

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