What a great opportunity for some of our block leaders to bid the right way when concerning the 777......................

December 10, 2008 09:30 AM Eastern Time
Express Shipping Expenses Slated to Increase by a Record 40+% in 2009; Businesses to Save Millions with DocuSign
Fortune 1000 Companies Slash Overnight and Express Mailing Expenses 80% or more by Automating Their Contract Execution Processes Online with DocuSign

SEATTLE--(BUSINESS WIRE)--DocuSign, Inc., the industry-leading provider of cloud-computing software services for electronic signature and contract execution, announced today expense relief for Fortune 1000 companies facing the dramatic 2009 increase in FedEx (NYSE:FDX) and UPS (NYSE:UPS) express shipping rates and surcharge fees. Available today, DocuSign is announcing its “When Overnight is Absolutely Positively Far Too Expensive and Not Nearly Fast Enough” program, which empowers companies to eliminate the expensive use of traditional mailing and express shipping services.

Within the last 60 days, both FedEx and UPS issued press releases announcing plans to increase shipping rates and service and surcharge fees beginning January 5, 2009, reflecting the highest rate increase ever instituted by either company. For U.S. businesses, this record increase means millions of dollars in additional operational costs in an economy in which companies are aggressively seeking to slash operating expenses.

For example, the cost to mail an envelope from Seattle to New York via FedEx Standard Overnight Delivery starts at $23 with an additional $8.75 added for the fuel surcharge, making the total cost about $32 to ship one-way. UPS, meanwhile, will charge approximately $43 for Next Day Air with a fuel surcharge of $15. In this example, the average cost of a one-way express-delivered envelope will be about $37.50. Therefore, for every 5,000 express envelopes a U.S. business sends per month, they should expect to spend approximately $2.35M in 2009 express shipping expenses.

Through DocuSign’s “When Overnight is Absolutely Positively Far Too Expensive and Not Nearly Fast Enough” program, businesses who send their signature documents over DocuSign’s electronic signature and contract execution service will reduce their express shipping costs an average of 80%, representing millions of dollars in immediate cost savings. In fact, more than 4,000 companies have executed over 17 million signature events using DocuSign and are already enjoying these dramatic cost savings.

According to Ric Kimbell, VP and GM of Everest University Online, “As an innovative and leading-edge educational institution, we’re continuously assessing ways to improve the way we operate, and because DocuSign is an on-demand business process improvement solution, we’ve realized immediate cost savings. With DocuSign we’ve saved approximately 80% in overnight and express shipments.”

"Record price increases for overnight and express shipments is, or should be, a key concern for every chief financial officer – especially in today’s economy,” said Matthew J. Schiltz, President and CEO, DocuSign, Inc. “DocuSign is proud to announce this new cost savings program, where we will deliver an 80% expense savings on documents signed and executed online through DocuSign. In addition, DocuSign allows companies to significantly accelerate revenue generation by reducing the time it takes to fully execute a contract from weeks or days to hours or minutes.”

From now through the end of the January 2009, businesses who sign up for DocuSign’s “When Overnight is Absolutely Positively Far Too Expensive and Not Nearly Fast Enough” program will receive DocuSign envelope signing and sending capabilities for the cost of 20% of their 2008 express shipping bill for those documents. For example, a company that spent $1,000,000 in 2008 for FedEx, UPS or other express shipping services can sign up for the “When Overnight is Absolutely Positively Far Too Expensive and Not Nearly Fast Enough” program for an annual rate of $200,000. Additionally, DocuSign will provide every new customer with a no-charge operating-cost-elimination analysis. To learn more, visit DocuSign Contact for Salesforce. Contact Us, email [email protected] or call DocuSign at

I think I saw that manager guy on TV. He was whispering something into the ear of the GM exec answering questions at the "Auto Bailout" Senate hearings, last week.

Ouch baby, very ouch. That document service may have some teeth...

Corrupt file my @ss. This isn't the first time management has tried to use the "It's not our fault, it was the computer" excuse.

My first job out of college was as a supervisor for a swimming pool management company. The girls that worked in the office were nice girls but they weren't the "brightest" bunch. One day when I called the office, the "bookkeeper" said she had gotten the deposit to the bank late and LOTS of peoples checks were bouncing. They were calling in to the office, understandably upset. She said, "Mayday, what should I do?" I told her to blame it on a computer error. She liked that idea.

Moral of the story? Maybe we need some brighter office help?

Just have Fred whip out the checkbook and buy 'em.

I think we only buy unprofitable companies; it makes it easier to hide Fedex Express revenues.

It would be sad if they found out about the bid "glitch" by reading APC!