SIGNDESK
A Global Platform Transforming The Regtech Realm With Saas-Based Solutions
“You cannot discover new oceans unless you have the courage to lose sight of the shore.” Innovation always demands boldness and a spirit to do something different and out-of-the-box. Giving a tribute to all the ventures out there in the business world which are adding extra value in the IT realm, we are back with our brand new edition of the month, The Rise of Innovative Companies.
Our editorial team had an interesting and joyful session with the leadership panel of SignDesk. The Founder and CEO of the company, Krupesh Bhat, and Abhishek Saseendran shared numerous unknown facts about the company and their overall entrepreneurial journey so far. We truly hope and desire that this fascinating read will add some extra value to the lives of our readers and will encourage them to chase their dreams.
COMPANY PREFACE
Giving a detailed introduction of the company and its overall service panel, Abhishek says, “SignDesk is a seasoned global RegTech company, helping businesses achieve their digital transformation goals and go paperless using award-winning SaaS-based digital onboarding and documentation solutions. SignDesk offers an exclusive end-to-end automated product suite, consisting of six pillars, for businesses to completely automate their documentation.
This suite enables-AI-powered digital onboarding, digital document creation, digital stamping, e-Signatures, smart contract lifecycle management, and eNACH-based recurring payments. Moreover, our solutions are leveraged by 400+ clients across various industry segments & average upwards of 25 million annual transactions. SignDesk was founded in 2016 by Krupesh Bhat & Ashok Kadsur, has won 15+ industry awards & presently has offices in 8 major cities in India and the UAE.”
The company is heading forward with the mission to build a comprehensive documentation platform that provides seamless on boarding & a paperless experience by harnessing the power of AI. The prime vision of the company is to create world-class category-defining technology products by building a friendly work environment that nurtures innovation throughout the organization.
ACCUMULATION WITH INNOVATION
“At SignDesk, innovation is all about coming up with new ways to solve big problems. Due to the fast-paced nature of the regulatory sector, we’re always on our toes and trying to come up with fresh perspectives for new challenges. Innovation is also everywhere at SignDesk and is not just limited to our products.
We foster innovation in the way we market, customize, sell, and operate. We believe also that innovation is not just something that individuals bring to the organization, but something that needs to be intrinsic to the fabric of an organization’s culture. However, while innovation is a core tenet of ours, we know the importance of directing the drive for innovation towards solving real problems and making a difference to people & businesses,” says Ashok Kadsur.
THE SERVICE PANEL
- A proprietary video-based evidence creation (VBEC) solution that offers a low-tech alternative to regular e Signatures or digital signatures. With VBEC, the terms of a contract or agreement are read out using AI algorithms and a video recording of the client consenting to these terms is recorded. This recording is later verified using facial and audio recognition technology.
- Its contract management solution extensively uses AIpowered contract analytics to track contract performance and obligations to estimate the total time for a contract to be executed and the risk involved.
- Its digital onboarding solution leverages AI, ML & OCR to offer a completely digital onboarding experience with robust fraud detection and AML checks.
- All the solutions can be integrated to create an end-to-end document automation solution for businesses to take all their documentation online. The team also enables bulk document functions for all the products to expedite business processes.
THE LEADERSHIP PANEL
- Krupesh Bhat brings an indomitable spirit of innovation and ownership to the table and has a soft approach to leadership. Krupesh specializes in gathering people together, getting the ideas flowing, and then collating these ideas into actionable plans for the business. His primary interest is in the technological aspect of RegTech, and his leadership style is ultimately informed by a need to solve problems and make a positive impact.
- Ashok Kadsur fashions himself as a fair taskmaster and the business’s pre-eminent “Numbers Guy” who doles out equal shares of inspiration, business know-how, and tough love. Ashok directs business expansion, strategy, and operations with a firm hand and a keen eye for new avenues to grow. His leadership fosters loyalty and a desire for perpetual improvement among his employees.
- Abhishek Sassendran, formerly associated with Walt Disney & Byte Dance, has a flexible style of leadership that involves both a strong long-term vision and a personalized touch wherever required. Abhishek comfortably moves from being the company’s figurehead to being a “cheerleader” of sorts, always looking to motivate employees and offering advice. On a regular day, he can be found walking between workspaces, patting employees on the back, sharing a laugh, and reminding employees of the importance of their work to the well-being of the organization.
WHAT THE FUTURE HOLDS
SignDesk is poised to take the global compliance market by storm. In the next 10 years, the company is likely to emerge as a market leader in the UAE and US markets. “Our efforts to capture the UAE document automation space are well underway with our onboarding lifecycle management solution being launched and plans for our regional HQ in Abu Dhabi. In the US, we plan to bring our contract automation solution to market by targeting small to medium-sized businesses. In India, we’re already the dominant force in RegTech but we plan on cementing our position by capturing individual industry segments, upselling features, and integrations, and creating customizations by demand, “ asserts Mr. Krupesh.
Before signing off, the CEO of the company shares some words of wisdom with the budding entrepreneurs out there by saying, “Failure is the elephant in a room full of entrepreneurs. As many seasoned entrepreneurs will say-failure is just the beginning, and SignDesk’s leadership echoes this sentiment. The spirit of entrepreneurship must be tended to and maintained by any aspiring entrepreneur, even in the face of inevitable failure. This is the lesson we’ve learned while building SignDesk and we believe it’s important for anyone to learn because this spirit is a precursor to success.”
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