Which is the best e-signature solution for startups?
Gone are the days of physical contracts and notaries. Electronic signature software has developed leaps and bounds in the last 5 years. While you can find a variety of options on the market, we're here to help you choose the best one for your startup.
What should an early-stage founder look for in an e-signature solution?
Before we get into comparing Hellosign and Docusign, let’s first look at what an early-stage founder should look for in an e-signature solution (in no specific order):
E-signature functionality - Given we are comparing e-signature solutions, the solution should enable you to send and receive legally binding signatures with the ability to include multiple stakeholders as well as send reminders. These features are table stakes.
Intelligent document storage and data platform - The fields you input into your documents shouldn’t get buried and lost in PDFs. Rather, this information should be structured and available for use in your other contracts.
Automatic document classification - You want an intelligent system that’s able to recognize the document you store and automatically tag and classify it with minimal effort on your side.
Pre-filled fields - As a founder, you want to be as efficient as possible. You want your e-signature solution to pull out key information from your HR, finance, and legal tech stack without you having to enter each product and copy-paste data into templates.
Integration with HR, Legal, and Finance tools - As a founder, time is a scarce resource. Manually updating data across tools like Carta, Gusto, and Ramp is tedious and time-consuming.
Powerful search - This is a game-changer. You want robust, fast searchability that scans through the text within these documents and helps you find what you’re looking for within seconds.
Flexible permissions - Contracts and agreements often require multiple stakeholders’ signatures or inputs. You want to be able to collaborate on and share these documents with specific people (e.g. your lawyers, hiring managers, cofounder, etc.) whilst controlling access.
Compliance advisory - Relevant guidance on critical but infrequent processes, from seasoned operators, not google or your friends.
Ease of Use - No founder wants to spend time going through a complicated series of steps just to send out a simple hiring contract or an NDA.
Hellosign vs. DocuSign vs. AbstractOps
Let's see how these e-signature solutions fare across our key criteria defined above. While each solution is best suited to a certain use case, AbstractOps was created to solve contracts for founders and is a better fit for startups over Hellosign and DocuSign.
Legally Binding Signatures
Signature Reminders
Outstanding Signatures Dashboard
Automatic Document Tagging
Data Extraction from Agreements
Pre Filled Data Fields
HR, Legal & Finance tool Integration
File Vault
Global search across all files
Manage Permissions
Compliance Advisory
Automated Workflows
Mobile Application
AbstractOps
Best for startups looking for a holistic e-signature and contract management solution
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Hellosign
Best for businesses of all size looking for fast and intuitive e-signature solutions
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DocuSign
Best for larger businesses looking for e-signature and contract management solutions
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Streamline your documents with AbstractOps
Contract management for founders, not lawyers
Your legal documents contain critical operating information, yet they are scattered across drives and email, and all of the data is lost.
AbstractOps integrates with your tech stack
Unify data and workflows across Hiring, Payroll, Finance, Legal & Compliance... in a single platform
Pre-filled data fields
Gone are the days of having to copy and paste every data field multiple times before sending a contract for signatures
Organized file storage
Data used to create a contract is then immediately available for use in different workflows and organized systematically for easy access
Proactive compliance
AbstractOp's rule engine allows you to automate your startup by setting "if this then that" rules
Intelligent guidance
Tap into a knowledge base built by hundreds of experienced operators. Get guidance on critical but infrequent processes like getting a 409A
Permissions & control
Collaborate on and share your documents with specific people (lawyers, managers, cofounders, etc.) whilst controlling access
Powerful search
All your company documents are neatly classified, organized, and most importantly: Searchable
AbstractOps is starting to become a source of truth, the first place we go to check for documentation about Maven
Gagan Biyani
Founder @ Maven
Dealing with state and local compliance is my last priority. Thanks to AbstractOps, notices from States are automatically captured and turned into action items
Ryan Delk
CEO @ Primer
Learn how AbstractOps can streamline your ops
Founders who use AbstractOps save 400+ hours every year.