Box launches native e-signature functionality for businesses, According to VentureBeat Cloud storage and content collaboration company Box has officially expanded into e-signatures with the launch of Box Sign.
The launch comes six months after Box acquired Dutch e-signature startup SignRequest during a deal worth $55 million. Up so far, Box had offered e-signature functionality via third-party integrations like DocuSign and HelloSign, but taking SignRequest under its wing signaled the company’s intentions to supply native support directly inside Box. that’s what’s launching today.
Sign of the days
Remote work appears here to remain for many people, and digital transformation has been the key phase of 2021, creating fertile ground for cloud-based technologies to flourish. After all, why fax or mail documents or travel halfway around the world to sign a contract once you can roll in the hay all entirely online in an instant?
This shift has been mirrored across industries, with digital biometric identification spend skyrocketing as companies embrace remote onboarding. And notarizing, which needs qualified personnel to witness signatures involving high-stakes legal documents, has also had to transition to the virtual sphere, with leading provider Notarize recently securing $130 million in funding from big names that include Alphabet’s CapitalG.
Today’s rollout from Box also plays into a broader shift toward a very paperless office, one that has been decades within the making.
“Every day, more transactions are moving from paper-based manual workflows to the cloud, and that we will only see this trend accelerate as companies shift to a hybrid work environment,” Box chief product officer Diego Dugatkin said during a handout.
Box Sign is often wont to send a vast number of documents from within the Box web app, with the power to request signatures from anyone — albeit they don’t use Box. It supports four standard fields: date, checkbox, text, and therefore the signature itself.
Above: Box Sign
Other notable features include templates for common processes like NDAs; email reminders and deadline notifications; serial and parallel document routing so multiple users can e-sign a document simultaneously or sequentially; and real-time e-signature tracking for company admins.
Box Sign is out there from today at no additional cost for a “subset” of consumers on the company’s premium business and enterprise plans, and it’ll be rolling out more widely later this year.
It’s worth noting that subscribers on the Enterprise plan will have access to additional features, including the power to incorporate attachments for signers or senders to review and bulk actions — that’s, sending individual signature requests to a bigger group of recipients. Box also today launched a replacement Enterprise Plus plan, which can include “extra” features, including all the main add-ons that haven’t been available as a part of a monthly subscription thus far, like its automated malware detection tool Box Shield. In terms of e-signatures, the Enterprise Plus plan will include the power to send documents for signatures directly from Salesforce, which Box has had a deep integration with for several years now. Box Sign also will eventually be made available to those on the paid Starter plan too, though with limited features.
Put differently, e-signature functionality could help Box lure paying customers onto higher-value plans.