DocuSign's CEO, Allan Thygesen, recently spoke with Yahoo Finance's Brian Sozzi about the company's latest offering, Intelligent Agreement Management. Thygesen highlighted that the new platform aims to assist companies throughout the entire agreement process, specifically targeting the issue of "agreement trap" and the resulting value loss due to inefficiencies. Working with Deloitte, DocuSign discovered that the annual cost of the "agreement trap" amounts to $2 trillion. The new platform leverages AI technology to analyze agreements and extract the most crucial terms. This ensures that key negotiation points don't get overlooked or forgotten once a document is signed.

Thygesen explained that while AI was already incorporated into DocuSign's signature product, this addition enables the company to fully participate in the "AI moment, " which he sees as a landmark comparable to the advent of the internet. Intelligent Agreement Management doesn't handle contract negotiation on behalf of companies, but it assists in comprehending agreements received from other parties. It highlights any discrepancies from a company's usual terms and proposes modifications. Reflecting on his time as CEO, Thygesen emphasized the rejuvenation of DocuSign's innovation culture. He stated that the company is now embarking on a path to introduce its innovative solutions to the market. This article was written by Gabriel Roy and provides insight into DocuSign's new product and Thygesen's perspective.