Modernizing Document Execution: SignDesk & NeSL Join Forces to Elevate India's Business Landscape
Digital partnership between SignDesk and NeSL initiates e-Stamping service rollout
In a game-changing move, SignDesk - a trailblazing digital contract and workflow automation platform in India - has teamed up with NeSL (National E-Governance Services Ltd.) to revolutionize the document execution process for corporations and financial institutions across India's 29 states and union territories.
This strategic partnership represents a considerable stride in digitizing the cumbersome and paper-heavy document execution process, simplifying operations for businesses and financial institutions alike.
"This partnership with NeSL signals a significant milestone in our mission to usher in a paperless revolution," said Krupesh Bhat, CEO and Co-founder of SignDesk. "The horrendously inefficient paper-based stamping has plagued the sector for years. With NeSL, we've conceived an innovative, secure, and scalable paperless solution that will redefine document execution in India," he added.
This Digital Document Execution is set to revolutionize the industry, offering myriad benefits to banks, NBFCs, fintechs, and enterprises. Major advantages include reduced turnaround times, operational costs, and fraud risks while fostering a simplified business landscape in India. Furthermore, it provides a centralized, regulator-compliant infrastructure in line with RBI and IBBI mandates, advancing India's digital financial infrastructure goals.
Debajyoti Ray Chaudhuri, MD & CEO of National E-Governance Services Limited stated, "NeSL is dedicated to enhancing trust and efficiency in India's financial systems through technology. NeSL's DDE has already cultivated a reputation for digital and paperless documentation in the banking and securities sectors as well as among corporates for their operational contracts. With SignDesk, we look forward to reaching more users who will reap the benefits of digital and paperless e-stamping, which is legally enforceable in its digital form."
This venture aims to arm stakeholders within the financial realm, from banks to businesses, with the tools to adopt digital execution as the new benchmark, making paper-based stamping an antiquated practice.
About SignDesk:
SignDesk leads the digital contract automation and workflow segment, empowering businesses to digitize, sign, and manage contracts effortlessly. Recognized as a trusted partner for India's top banks, NBFCs, fintechs, and enterprises, SignDesk is a pioneer in creating intelligent, compliant, and scalable digital workflows.
About NeSL:
NeSL (National E-Governance Services Limited) is India's premier Information Utility overseen by the Insolvency and Bankruptcy Board of India (IBBI) under the Insolvency and Bankruptcy Code, 2016 (IBC). NeSL functions as a repository for financial documentation, granting parties an opportunity to authenticate the information submitted.
- The partnership between SignDesk and NeSL, aimed at modernizing document execution, promises to redefine business landscape in India, offering benefits such as reduced turnaround times, operational costs, and fraud risks, all while fostering a simplified and regulator-compliant infrastructure.
- SignDesk, a trailblazing digital contract and workflow automation platform, is poised to make paper-based stamping an antiquated practice in India, providing stakeholders within the financial realm with the tools to adopt digital execution as the new benchmark.
- NeSL, a premier Information Utility in India, is committed to enhancing trust and efficiency in the country's financial systems through technology, and with SignDesk, they aim to extend the reach of their digital and paperless documentation solutions to more users, inculcating the benefits of digital and paperless e-stamping that is legally enforceable in its digital form.
