Business and IT Glossary > Advanced Digital Transaction Management (DTM)
Advanced Digital Transaction Management (DTM)
Advanced digital transaction management goes beyond basic eSignature capabilities of digital transaction management and involves complex document processes, including, but not limited to, document assembly, routing, integration with other applications, and workflow both upstream and downstream from the decision, approval, or signature. Advanced DTM is what Aragon refers to as workflow and content automation (WCA).
Enterprises have many legacy applications in place that can be converted to DTM if the document-related part of the process could be made electronic. Integrating eSignature capabilities into legacy applications is made easier with providers that have open APIs (application programming interfaces) and SDKs (software development kits).
An example of an advanced DTM application is automated mortgages.
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DTM is all about moving away from paper-based document processes and toward fully digital document processes. With new technologies coming online such as blockchain and workflow and content automation, DTM will continue to grow into a multi-billion-dollar market.
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DTM and Blockchain: 3 Key Areas to Focus On
DTM is one of the easiest ways for enterprises to move toward digital transformation. This on-demand webinar overviews three key use cases of blockchain in DTM and the ways enterprises can prepare for digital transformation by leveraging these technologies.