![]() ![]() In turn, that reflects well on your business. If the process of reviewing and signing documents is easier and quicker, that can only be a good thing for customer experience. Improve customer experienceĪ faster and more efficient system does not just benefit your employees, it also makes things run more smoothly for your customers. With the right solution, you can be sure that your signed document is valid wherever you and your clients. But you can find a provider such as Signhost from Evidos that is flexible enough to adhere to the many different local laws. Rules for implementing electronic signatures vary around the world. An automated system that requires an electronic signature is far more cost-effective. You have the paper and ink costs, printing costs, envelopes, postal charges and the time of the employees charged with seeing through that process and then receiving the replies back. Sending out numerous paper documents can cost a great deal of money. You know who signed the document, when they signed it and where they signed it, which is far more reliable than with a wet signature. Securityīecause every signatory must undergo electronic identification, you can be sure that each transaction is completely genuine. You can prove the electronic authentication of every transaction that you enter into. CompliantĮach signature raises a transaction receipt to provide an audit trail for your processes. This helps you increase productivity in your workplace. It all takes place online in a clean and effective process. There are no multiple faxes or email scans to print, sign, rescan and send. You don’t have to waste time waiting for physical documents to travel back and forth through the mail. You can get documents signed within minutes, even if your clients are on the other side of the world. They just open the document and click to sign. There is no need for them to download software. Then clients can simply sign using a PC, tablet or smartphone quickly and without fuss. It is easy to send signature requests through your document system or CRM. Here are some of the reasons to choose an e-signature system for your business: Simple and convenient to use There are numerous benefits of using electronic signatures over handwritten signatures. Plus, you will find an example of an e-signature to give you an insight into how it works in day-to-day business life.ġ1 References and Further Reading Benefits of Using Electronic Signatures ![]() This article will explain what an electronic signature is, what it isn’t and what you need to know before you utilise this technology for your organisation. With business consultancy Forrester finding that companies saved up to 22,000 hours annually by adopting electronic signature technology and Forbes reporting that businesses can achieve efficiency savings of between 70 and 80% compared with relying exclusively on physical signatures, it is time to see how electronic signatures can work for you. Experts say that “with the expansion of e-signature use in the current climate, such practices will likely continue to be used once life gets back to normal and offices reopen”. There is no doubt that the need for social distancing caused by the coronavirus pandemic is accelerating this trend. ![]() Another study by Markets And Markets predicts that the European market will experience the highest growth because “the awareness related to digital signature is being widely addressed in Europe and is further emphasized by strong government regulations”. Allied Market Research reports that the global electronic signature market was worth US$517 million in 2015 and will rise to US$3.4 billion by 2022. The electronic signature is on the rise as we move more of our lives online. What Is An Electronic Signature + Example (And What It’s Not) ![]()
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