DocuSign Targets Latin America & Opening Up in Mexico

Patrick Chambers
1 min read

DocuSign is an American company, headquartered in San Francisco, which enables users to manage electronic agreements. It offers a program called eSignature which allows electronic signatures from a variety of devices. The company has been growing at a steady pace since the mid-2000s when it used mock trials to underline the admissible nature of DocuSign contracts in court, rooted in the fact that the document contains an encrypted log of the edits made.

When a document is created on DocuSign, it is encrypted and a unique hash is generated. When you check a signed document at a later date if the document has been changed since this is clearly visible since the hash will be different to the one stored by DocuSign at the date of signing. 

Mexico City. Image: shutterstock.com 

DocuSign has announced that it is opening up a shop in Mexico. This move is part of the company’s strategy to promote the use of its DocuSign Agreement Cloud, a collection of applications that facilitate the management, preparation, and execution of agreements by real estate firms.

DocuSign Agreement Cloud is envisioned as a vital cog in the digital transformation of Latin America’s real estate market. Digitisation will add value in terms of a homebuyer’s security, time, and money. Indeed, Gustavo Brant, DocuSign’s Vice President for Latin America stated recently:

“When an organization uses DocuSign eSignature, it saves an average of $36 pesos in resources for each contract made compared to paper agreements. Furthermore, 80% of all successful transactions on our platform are completed in less than 24 hours and 44% in 15 minutes.”

Mexico’s real estate market, like many parts of the world, historically has suffered from a lack of transparency. Whilst DocuSign does not solve the issue of a lack of security of real estate-related records, this move away from paper agreements is promising. Increased digitisation will provide the region with lower costs, time saved, and increased trust in the system as a whole.

Leave a Comment
Recent Articles
Subscribe


Sign up to receive the Propeterra's newsletter and exclusive property news and updates. You can unsubscribe at any time by clicking on the unsubscribe links in our emails.

 

 

posts by tag

See all

Market Cover_Emerging Markets-1

 

Market Cover_Frontier Markets-1

 

Market Cover_Special Situations-1-1

 

Market Cover_Developed Markets-1

 

Recent Articles

4 minutes read

Going for Gold in Mongolia

What Mongolia’s expanding gold industry means for growth

Mongolia

3 minutes read

Evergrande - Three Effects You Weren't Expecting

One of the biggest property news stories of the last couple of months has been the troubles of Chinese megadeveloper the Evergrande Group, whose spiralling debts have caused turmoil in the markets and widespread unrest among suppliers and buyers throughout China.

United Kingdom

2 minutes read

No Development Site? No Problem!

Homes England’s Land Hub is the new way to find the perfect plot for your investment project

United Kingdom