Saved from obsolescence by cloud computing, on Tuesday Adobe redoubled its commitment to software-as-a-service with the introduction of Adobe Document Cloud, a subscription-based document management offering.
Document Cloud represents Adobe's third cloud-based software business, the others being Creative Cloud and Marketing Cloud.
Five years ago, Adobe's ambition to make Flash the dominant cross-platform technology for mobile was thwarted by then Apple CEO Steve Jobs, who refused to allow Flash apps on iOS devices. Jobs advised Adobe to "focus more on creating great HTML5 tools for the future."
Adobe did so, but it had already recognized that it wouldn't be able to sell expensive boxes of software forever. Following up on the acquisition of analytics company Omniture in 2009, Adobe went on to buy content management company Day Software in 2010 and other companies in the years that followed, in order to facilitate its reinvention as a cloud-based business. In 2013, Adobe said it would no longer release new versions its Creative Suite software in boxes. The transition was complete.
Today, Adobe's stock price is about three times higher than it was when CEO Shantanu Narayen jousted with Jobs over the dubious merits of Flash. Adobe now has about 4 million Creative Cloud subscribers, having added over half a million in Q1 of this year.
The cloud may have saved Adobe, but it's the persistence of paper at many companies that represents the company's next opportunity. In a phone interview, Mark Grilli, VP of document services at Adobe, cited IDC findings that 80% of document processes remain at least partially dependent on paper.
"We know people are spending more and more time on things that don't necessarily add value," said Grilli, pointing to IDC data indicating that 61% of survey respondents would change jobs if doing so would reduce administrative tasks. Pushing paper, it seems, is soul-crushing.
Anyone who has filled out the same doctor's form or the same school permission form, over and over, has some sense of the pain companies feel when they rely on paper-based business processes.
Adobe means to address that by making it easier to convert paper documents to digital ones. Adobe Document Cloud relies on a new touch- and mobile-focused version of the company's Acrobat software that can digitize paper documents, called Acrobat DC. Acrobat DC relies on Photoshop technology to convert photos of paper documents into editable digital forms. It employs optical character recognition, corrects image artifacts and orientation issues, and mimics the paper document's fonts to let you do things you could with installed fonts, like resize them.
Adobe has included e-signing capabilities, from what used to be Adobe EchoSign, so document approval and distribution can remain in the digital realm. E-signing can be integrated with corporate systems like Apttus, Ariba, Microsoft Dynamics, Office 365, and Salesforce.com. Document Cloud is also integrated to some extent with Creative Cloud and Marketing Cloud.
Adobe Document Cloud includes Document Management & Control Services, to track and control document distribution and access. Adobe expects to release Document Cloud and Acrobat DC within 30 days. Subscriptions cost $15 per month. Creative Cloud subscribers get access at no extra charge. Acrobat DC will also be sold with a perpetual license.
Adobe isn't promising the long foretold paperless office, but it does offer a path toward an office with less paper.
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