OneSpan™ (NASDAQ: OSPN), the security company for digital agreements, today announced a new enterprise pricing model that will transform the way businesses plan, manage and adopt advanced technologies and services designed to be customer-centric and Secure revenue-generating business processes. OneSpan’s new pricing structure offers unprecedented flexibility, helping customers achieve business outcomes without over-purchasing licenses and transactions and under-consuming. This model eliminates the unpredictability typically associated with per-signature or per-envelope transaction pricing and provides a new level of versatility while also reducing end-user licensing complexity. OneSpan is the first in the industry to deliver a cloud-based digital agreement platform that achieves true economies of scale, passes cost savings on to customers, and offers the best value for money compared to traditional e-signature solutions providers.
Representing the next phase of the Internet, Web3 is built on the premise of open platforms that allow users to consume software and services whenever and wherever they want through shared infrastructure and automation. This major shift is fundamentally changing the way digital businesses operate and will force organizations to update their business strategies. OneSpan’s new approach empowers organizations to build operational efficiencies and focus resources on driving growth, mitigating risk, and maximizing business outcomes. Built on the OneSpan Transaction Cloud platform, the company’s portfolio streamlines the entire digital transaction lifecycle by seamlessly weaving together identity verification, authentication, highly secure collaboration on agreements, e-signature, and secure storage of transaction records. Organizations looking to protect the integrity of their business processes without compromising the customer experience rely on OneSpan’s platform to rethink how trust is created, secured, and maintained to thrive in our digital world.
“The established solutions for digital agreements with usage-based subscription licensing models are broken and simply don’t translate to a modern customer experience for Web3,” said Matthew Moynahan, President and CEO of OneSpan. “In today’s economy, we must challenge the status quo by eliminating excessive cost and complexity. This is exactly what OneSpan does. Our disruptive approach drives adoption and digitization while providing clients with a flexible, simplified, and predictable model that will save organizations millions of dollars. Businesses no longer have to choose between fueling growth, operational efficiencies, or reducing cyber security risks. Our transactional cloud platform was designed to deliver all three to ensure we secure the potential of tomorrow for our customers.”
“Today’s announcement solidifies our platform approach as an organizing principle around our diverse services to create new innovative solutions,” said Sameer Hajarnis, Chief Product Officer at OneSpan. “We have built a platform for companies to use unique solutions in a ‘have it your way’ model. This is the vision behind our platform – designed to provide a suite of e-signature, identity verification, authentication, and secure storage solutions to simplify and secure customer-centric and revenue-generating business processes.”
One of the biggest challenges in all forecasting is estimating changes to potential future business, especially for companies that span multiple lines of business and hundreds of applications. Customers now have the ability to buy into the OneSpan Transaction Cloud platform and choose consumption tiers, including unlimited enterprise-wide transaction and user models, increasing operational predictability and eliminating high overage fees. With this new model, OneSpan helps customers meet the needs of today while maintaining the flexibility to adapt and optimize for the evolving needs of tomorrow.
