Northteq LLC has released a new white paper that features insights from Docusign along with leaders from Finova Capital and Corporate Fleeting Leasing. The white paper, "99 Problems but Automated Docs Ain't One," is a practical, step-by-step guide to automating contract generation in equipment finance, and what's standing in the way for most lenders.
Documentation is still one of the biggest friction points in the industry. Some 40% of the contract lifecycle is manual before a single signature is collected, and teams relying on one internal expert who knows which templates go where are one vacation or retirement away from a real problem.
The paper covers Docusign's layered approach to identity and signature verification, a phased implementation roadmap and how lenders are using other tools (like Middesk) to get contracts out in hours instead of days.
The paper can be found here.