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OakNorth chooses DocuSign Agreement Cloud

Source: DocuSign

OakNorth—one of Europe’s fastest-growing financial technology companies—has selected the DocuSign Agreement Cloud to transform the systems it uses to prepare, sign, act-on and manage agreements.

The DocuSign Agreement Cloud includes more than a dozen applications and more than 350 integrations that enables business to be done faster with less risk, lower costs, and better experiences for customers, partners, and employees. Announced in April this year, it defines a new category of cloud software potentially worth more than $50 billion globally.*

By deploying DocuSign eSignature, the SpringCM contract lifecycle management solution, and the DocuSign for Salesforce integration, OakNorth will be able to streamline the preparation of agreements, automate and accelerate approvals, and reduce the contracting cycle. In addition, given that every loan OakNorth provides requires a legal contract and that reporting on agreements is a fundamental process, the SpringCM deployment will boost efficiency, whilst offering deeper visibility into those agreements, ensuring they are stored and made searchable to help meet compliance requirements.

Amir Nooriala, Chief Operating Officer at OakNorth, said: “All of these factors combined will allow us to further increase the speed at which we’re able to execute client transactions. This latest agreement is another example of how we’re continuing to push the enveople on what is possible for our borrowers.”

“OakNorth has recently been recognised as one of Europe’s most valuable FinTech companies with its rising profits and funding to date setting it apart from its competitors,” said Ronan Copeland, vice-president of Commercial Sales EMEA at DocuSign. “We are excited to provide OakNorth with a scalable solution in the DocuSign Agreement Cloud to help increase efficiency and maintain full visibility over its agreements as it moves forward as a business. ”  

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