What does the "Expiration Policy" feature in DocuSign do?

The "Expiration Policy" feature in DocuSign automates the management of envelopes and their expiration. This feature is crucial for ensuring that documents do not remain pending indefinitely, which can happen if recipients do not sign the documents within a certain timeframe. By setting an expiration policy, users can specify a timeframe during which the document must be signed; if the document is not signed by that point, the envelope is automatically voided. This helps maintain efficient workflow management, reduces clutter of old or unneeded envelopes, and ensures that the signing process adheres to a structured timeline.

The other options do not accurately capture the functionality of the expiration policy. While managing the signing process is part of a broader context in DocuSign, it does not specifically relate to expiration. Storing documents securely is a fundamental aspect of DocuSign's security measures but is not linked to the concept of expiration. Lastly, allowing editing of documents after sending contradicts signing and security protocols, as once a document is sent for signing, it is typically expected to remain unchanged to preserve its integrity.