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Copyright 2019© FactSet Research Systems Inc. Fundamental company data and analyst estimates provided by FactSet. International stock quotes are delayed as per exchange requirements. stock quotes reflect trades reported through Nasdaq only comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. Sheena Ferrari, Head of Global Legal Operations at Snap Inc.Stocks: Real-time U.S. And our legal team is saving dozens of hours a month not having to field questions or do anything with these lower value agreements-they can focus on the more important deals. Time to acceptance is down a ton, so our reps are happy. Instead of getting a PDF in their inbox, they go right to the table of deliverables and can accept it right there.

The eCSA is automatically generated by a rep through the Salesforce-Ironclad integration, and it’s a completely different counterparty experience.

The legal team at Snap decided to use clickwrap for their high-volume, low-value CSAs-what they now call an eCSA-allowing them to still use eSign for larger deals where legal was involved on both sides.

This was causing a lot of friction with advertisers needing escalations and internal legal approvals for these high-volume, transactional agreements.

A single ad account could have dozens of work orders a year, and although the overall campaign would be high value, the CSAs themselves would be relatively low dollar values.

Since Snap was one of the first platforms to use 100% vertical video, they needed an easy way for advertisers to adopt this new format.

It’s like an internal creative agency that develops and reformats video ads as well as filters and augmented reality Lenses to advertisers.

The Creative Services Agreement is pretty unique to Snapchat.