Author: Jim Lundy Date: April 24, 2015
Topic: Digital Transaction Management Research Note Number: 2015-12
Issue: What trends will affect the evolution of DTM?
Summary: Digital assets need to be managed at a granular level within DTM, and require additional functionality to achieve their full value, particularly financial assets. DTM of digital assets goes further than records management to accomplish this.
Digital transaction management (DTM) is one of the easiest on-ramps to digital transformation. It consists of managing document-based transactions in a completely electronic manner.
More importantly, however, DTM is about streamlining business processes—by keeping document processes fully digital, including, but not limited to, the electronic signature. We advise our clients to embrace DTM for three reasons: business automation, faster time to revenue, and overall cost reduction, and help them address the following questions:
- How can I implement a DTM strategy into my sales process?
- What are the key trends in DTM and how should I get started with advanced DTM?
- Who are the DTM providers I should be evaluating, based on my industry security standards?