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DocuSign Enters into a Partnership Relation with iPipeline

By Deepika Mala
TMCnet Contributor

A strategic partnership has been announced by DocuSign, the premier provider of on-demand electronic signature solutions, with iPipeline, the premier provider of on-demand sales distribution software for the insurance and financial services markets.

iPipeline, under the agreement, will incorporate DocuSign eSignature technology into its e-Policy Solution. On July 1, 2010, the project is set to launch in beta version. More than a dozen insurance carriers are contracted to begin using this innovative iPipeline e-Policy Solution.

"iPipeline streamlined the policy delivery process to eliminate errors and automate sales distribution. DocuSign provides a fast, safe and secure e-signing tool to complete the final stretch of the e-Policy process," said Timothy Wallace, CEO of iPipeline. "Adding DocuSign to our interactive e-Policy Solution offers carriers, distributors and producers a rich, easy-to-use tool that will simplify the workflow process and allow the consumer to easily sign electronically. We view DocuSign eSignature technology as a vehicle for increasing success in a highly-competitive environment and look forward to working with the DocuSign team."

Carriers, distributors and producers can streamline the final leg of the insurance policy sales cycle with a cost-efficient, fast and secure online eSignature process, by using iPipeline's Network and e-Policy solution with DocuSign.

iPipeline's iGO e-AppTM, an intelligent fillable forms solution that safely and securely manages the online insurance application process, have already been deployed by twenty-five insurance carriers.

Once iGO e-App is 100 percent in "good order," the carrier begins the underwriting process and issues an e-Policy for signature.

The carriers can easily access DocuSign's eSignature service, drag and drop familiar yellow Sign Here tabs and data fields within the policy, and send it electronically with the help of iPipeline's Network.

The agent sends an email notification to the consumer announcing that the e-Policy is ready for e-Signature. The consumer is authenticated, adopts an eSignature, e-signs and completes the policy. Agent and carrier receive an email notification with a link to the signed executed policy once completed.

"In this economic environment, employing next-generation technology is the most cost-effective method to grow a business. This partnership leverages the best technology- iPipeline's Network and DocuSign's electronic signature service-to fulfill policies faster, safer and more efficiently," Steve King, president and CEO of DocuSign, said. "We look forward to working with iPipeline to further streamline business processes, reduce costs and ensure the continued success of its customers."

In related news, iPipeline&trade has announced that it has been selected by AlwaysOn as one of the OnDemand Top 100 winners.