SEATTLE, WA - DocuSign, provider of the most trusted electronic signature platform, today announced that Equity Residential (NYSE:EQR), a leading owner and operator of apartment properties, has selected the DocuSign eSignature platform to manage new leases and renewals online. Equity Residential, with more than 490 properties in 23 states and the District of Columbia, chose DocuSign to streamline the leasing process, enhance renter convenience and eliminate the need for 120,000 paper-based contracts consisting of approximately six million sheets of paper annually.
"Equity Residential looked into hosting our own solution, but after thorough due diligence, we found DocuSign offered the most advanced and reliable eSignature platform," said David Santee, executive vice president of operations at Equity Residential. "We are using DocuSign as a competitive differentiator as the service is available anytime, from anywhere. The DocuSign platform, seamlessly integrated with our Resident Portal, makes it easier and more convenient for new and existing residents to sign lease agreements."
By integrating DocuSign within Equity Residential's Resident Portal, the company will no longer need to sign more than 200,000 times on two sets of printed contracts consisting of 25 pages each. DocuSign will be directly responsible for eliminating millions of sheets of paper from Equity Residential's leasing process. Equity Residential has received accolades from residents for the new online signing process and will be making the DocuSign service available to all properties within the next few weeks.
"Equity Residential is leveraging the DocuSign service to provide residents a fast, safe and convenient method to complete leasing agreements online," said Steve King, president and CEO of DocuSign. "DocuSign is pleased to be working with Equity Residential to streamline business processes, increase productivity and reduce costs."
Equity Residential (NYSE:EQR) is an S&P 500 company focused on the acquisition, development and management of high quality apartment properties in top US growth markets. Equity Residential owns more than 490 apartment properties totally 137,000 units with 250,000 residents and 4,500 employees in 23 states and the District of Columbia. For more information on Equity Residential, visit www.equityapartments.com.
DocuSign, Inc. is the provider of the most trusted electronic signature platform. DocuSign empowers individuals, small businesses and global enterprises to operate faster and more efficiently, with greater profitability, enhanced security and compliance. DocuSign is the only Web-based service to securely automate and control the entire electronic document signing process. DocuSign employs the SaaS eSign industry's only enterprise class SAS-70, fully redundant data center delivering 99.993% uptime for customers over the last 32 months. To date, more than 78 million signature events have been executed using DocuSign. In addition, DocuSign is the official and exclusive provider of e-signature services for the National Association of REALTORS® 1.1 million members, under the REALTOR Benefits® Program.