GSG Financial announced the launch of an electronic documentation platform via an integrated Digital Transaction Management Solution from DocuSign and eOriginal as an alternative to paper-based processing. This innovation is part of a company-wide effort to go paperless and improve transaction efficiency. The project, broadly titled “Automate 2020,” begins with the documentation process and will touch all aspects of GSG’s business to improve communications with our partners while speeding up the funding process.
The platform delivers live contracts via DocuSign’s online portal, where signers verify their identity and execute where prompted with an official electronic mark. Customers have the flexibility to review documents on their schedule and sign via computer, smartphone, or tablet.
“The adoption of DocuSign’s platform is yet another move by GSG to put our customers first,” said VP, Operations Jessica Geltzeiler. “Automatization alleviates the delays inherent in a paper-based system and allows our team to keep a finger on the pulse of each transaction in real time.”
This summer, GSG began rolling out documents for electronic signature on small ticket deals and master lease programs. The company anticipates an aggressive push to move all transactions toward digital signature given the simplicity and user-friendliness of the solution.
“DocuSign is incredibly intuitive, making the transition an easy one for our customers and our operations team,” said Geltzeiler. “We’ve enjoyed a dramatic improvement in turnaround time and near elimination of routine signing errors.”
GSG will leverage the security of eOriginal’s paperless vaulting system to store, validate and maintain fully executed documents as fully enforceable chattel paper.
“The cost savings, and document security alone make this a smart business decision. Closing deals faster improves the service experience for our vendors and simplifies doing business with us,” said Vice President of Sales JP Nicoletta. “GSG finances industrial and technology equipment, so offering electronic documents in this arena just makes sense.”
GSG Financial LLC is an independent equipment lessor and financial solutions provider based in New York City.