eSignature as a space has been heating up for a while now. Look at Dropbox’s $230 million acquisition of HelloSign in 2019 or PandaDoc’s recent unicorn status for evidence of the growth in interest in the sector. The high valuations reflect the fact that signatures are involved in some of the most pivotal moments in the lives of businesses and consumers: financings, home loans, sales deals, and hiring employees. Who wouldn’t shell out money to make a critical process more convenient and more secure?
In an effort to stand out in this competitive market, the major players have all released API versions of their product. For API customers, the value proposition is that they can request legally binding signatures without requiring customers to leave their platforms. For example, loanDepot, a DocuSign customer can have a mortgage applicant sign something without ever sending the customer away from the loanDepot website. For e-signature companies, having an API builds defensibility and drives usage, among other advantages that we discuss at greater length elsewhere.
How’s a developer to choose among these great API products? The product teams would all have you believe they’re the easiest to get started with, but at Usabl, we believe the proof is in the pudding. So we paid developers to spend 30 minutes on a task that seems deceptively simple, at first: sign up for an eSignature API and email this sample document to yourself. Developers quickly realized that this was a challenging task requiring navigating some combination of the graphical UI, Postman collections, APIs to exchange auth keys for tokens, and API reference documentation. And only one of these four eSignature companies stood out. Let’s take a deeper look.
For each API, we paid 2 or 3 developers to do roughly the same steps:
These were unmoderated tests, meaning that the developers were alone in a Zoom meeting while completing the task. We did, however, use Usabl’s built-in support for timed steps to prompt testers with the correct answer if they spent more than 5 minutes on steps 1, 2, and 4, or more than 10 minutes on step 3.
Founded in 2003, and having gone public in 2018, DocuSign has a $25 billion market capitalization, almost 3x that of HelloSign parent company Dropbox. This is the company businesses and consumers think of when they think of e-signatures. So, how usable was their API?
Founded in 2012 and still privately held, PandaDoc is the youngest of the companies we looked at. It also appears to have the newest API, with this announcement coming in September 2021.
Overall grade: B
Founded in 2011 and acquired by Dropbox in 2019, HelloSign has the nimbleness of a startup with the backing of a publicly-traded tech company.
Overall grade: D
Founded in 2011 and acquired twice, once by Barracuda Networks in 2013, then by airSlate, signNow has more of a checkered past than its competitors. It looks like the API is a way to drive usage of airSlate’s broader no-code document management portfolio.
While none of these 4 eSignature APIs was completely without friction, the one that clearly stood out was HelloSign. All of the other ones made developers jump through convoluted hoops without clear guidance, including:
Despite the storied pedigrees of the companies in this space, almost all seem to have significant work to do to improve the experience of developers working with their APIs. This space seems ripe for disruption for a company that is willing to invest in improving the usability of a developer-first eSignature experience.
Usabl helps technology companies get video feedback from developers. Our goal is to save companies time, money, and guess work by turning these videos into actionable takeaways you can share with your team. In doing so, we help software engineers build more, faster. Contact us to chat about how we can help your business get feedback as well.
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