DocuSign Targets Latin America

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

3 minutes read

Bitcoin - “The Saviour” of El Salvador?

In 2015, the small state of El Salvador took headlines as the most dangerous country outside a warzone. It was a “country ruled by gangs” - one so dangerous that even police were forced to flee.

bitcoin

3 minutes read

The evolution of data centers in Cambridge

Cambridge, much like its namesake city in Massachusetts, has long been at the forefront of innovation. From the reflecting telescope to the rules of soccer, webcams to IVF.

United Kingdom

3 minutes read

Unpacking the prime residential market in Manila

In the public imagination, the Philippines is both familiar and distant. Known for crystalline waters and paradisiacal seascapes, it has also suffered negative publicity during the controversial tenure of Rodrigo Duterte.

Philippines