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BW Businessworld

A Paperless Documentation Process

Signdesk offers workflow automation and documentation to help businesses digitize and automate their documentation process

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SignDesk is a legal technology startup that provides a streamlined and paperless documentation process. It helps digitize various workplace documentation solutions such as digital stamping and digital signatures, to provide an efficient, quick and sustainable solution to today’s business. SignDesk offers a complete AI-powered document automation suite, including Digital Onboarding, Digital Evidence Creation, Digital Stamping, Automated Recurring Payments and Smart CLM.

The company’s vision is to create world-class category-defining technology products by building a friendly work environment that nurtures innovation throughout the organisation and builds a comprehensive documentation platform that provides seamless onboarding and a paperless experience by harnessing the power of AI.

Looking Ahead 

While most businesses across sectors and in the BFSI sector in particular, create vast amounts of documentation on a daily basis, this documentation is usually created using manual and paper-based methods. This process is subject to workflows that are time-consuming and inefficient and are subject to numerous compliance requirements. This operational model is outdated, inefficient and vastly expensive. Automation is the obvious solution to these problems. 

Artificial intelligence-powered and cost-effective automation, is now emerging as an industry benchmark. The digital documentation market is currently worth $122 billion and is riding on recent digitization trends. All these factors combined, illustrate the lucrative market opportunities in digital documentation. 

Vision and Mission 

Signdesk, which began its journey six years ago, aims to provide every business with the ability to go paperless. It started out with a small clientele base and has now become a comfortable sized enterprise. It also aims to move away from the army sector to provide solutions to those who require it. “We want to build a big business that rivals other major conglomerates such as TCS and Infosys and to grow big enough to give back to the community to help create a positive future for the country,” says Signdesk Co-founder Ashok Kadsur.

The company has infrastructure, in terms of technology and market fit, to scale up its operations and expand internationally. There will be increased focus on branding domestically and internationally, following which manpower will be deployed to keep track of the progress. Thereafter, once a customer base is established, work can continue towards the future of the company and in building scale. 

Signdesk is trying to create a better ecosystem and hopes to help many businesses go paperless. It aims to create positive value for its customers to help build a better future. Its solutions allow customers to sail smoothly through the onboarding and signing process with no friction and can be easily customized. “SignDesk holds a leg up to its competitors through a strong legal understanding and use of AI allows us to build products that ensure complete compliance with regulations in real-time,” says Kadsur. The product uses industry grade data security techniques to protect client data and ML-enabled filters to prevent identity fraud.