K2, Docusign and Sakal GB set standard for Nigeria mobile eSignature

Three tech giants K2, Docusign and Sakal GB have introduced a market driven product called the eSignature through business application, designed to empower companies in Africa largest economy to engage people and transact business from any mobile device.    

This means the days of paper works that causes superfluous are gradually giving way to a more prolific technology that maximize costs and maximize the value of a firm.

Chief executives, managers and heads of departments of companies in Nigeria can work from homes, on the road and abroad with the help of the eSignature. The era of delay in approving documents are waning. 

“At K2 we empower you to run business application and data that will span across all business, said Freddy Jonker K2’s Regional Director for Africa & Middle East, in a welcome address at the stakeholder’s meeting in Lagos.

“We want to empower the non technical people to use our product. The product is user friendly so that non technical person can use it. We put our focus on reporting preposition. You can identify bottlenecks,” said Jonker.

Freddy gave a breakdown of how the application can seamlessly integrate with various platforms or existing structures in any organizations and how easy it can be to build a process in minutes using a drag-and-drop design tools. He gave example of top Fortune 500 companies like Shell, Kimberly Clark, PPG, and Microsoft who are using K2 worldwide and how they have been able to raise over $100 Million to Accelerate Growth.

Festus Olaifa, Head of Business Process Management Skye Bank Plc, says the use of K2 have helped the tier 2 lender save running costs and increased efficiency as operations are coming paperless, thanks to  eSignature.

“All memos are done electronically. K2 takes memo from one desk to another, you can know where documents are at any particular time,” said Olaifa.

“As a result of the use of K2, Skye bank is enjoying speed of transaction as memo approval has dropped to 3 hours, from 10 days. Personal loans have reduced to 1 hour from 5 days. The new technology has saved the lender N213 million in manpower and N27.6 million on dispatch cost to head office.”

BusinessDay calculations shows each of 14 lenders in Africa largest oil producer will have saved N2.98 billion annually on manpower if they are were using the eSignature.

“Our bank no longer goes through the rigorous process of filing and retrieval of documents. Our error rate has dropped by 70 percent,” said Olaifa

DocuSign is a complete end-to-end DTM solution that readily integrates with existing digital systems (including CRM, HRM, and ERP) and is easy enough for anyone to use. It’s also mobile-enabled, securely encrypted, and legally accepted around the world.

“DocuSign’s DTM Platform enables preparation, execution, and management of transactions in an all-digital environment,” said Avi Rose who is Regional Sales Manager Africa for ARX Inche while introducing the Digital Signature Application DocuSign a product from his company.

“Users prepare for transactions by setting the order in which things are to be completed and the roles associated with each step,” said Rose “Transactions are executed with enterprise level security and advanced authentication methods to validate signer identity. The resulting eSignatures are considered more legally enforceable than pen and paper”