What Benefits can eSignatures Bring to Your Business?

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There is a ton of paperwork involved in the corporate world. Nearly every contract, form, and even simple agreement has to be signed. Going paperless sounds more and more inviting. That’s why electronic signatures are becoming the new norm for organizations. They help ditch the traditional signing process and reduce the amount of monotonous and tiresome work.

4 Proven eSignature Benefits for your business growth 

If you’ve been debating whether or not it’s worth switching to digital alternatives, then keep reading. Here are some of the best benefits that eSignatures bring to your business.

  1. Cost-Efficiency

Have you ever counted how much you spend on paper? And we’re not only talking about paper costs but also all the charges for printing, copying, scanning, delivering, and storing. According to research by Ombud, corporations that switched to eSignatures have registered average savings of $20 per document and an increase of expected ROI of $50 million in the next five years.

Yes, you use paper on different documents, and some of them don’t even require a signature. But you can achieve significant savings if you switch to digital alternatives.

  1. Additional Security 

Most of the time, electronic signatures are more secure than handwritten ones. Delivering official documents is quite stressful: you don’t want them to reach the wrong hands or be stolen and changed by any chance. When you develop an eCommerce website, for example, you can add this option for any business transactions. 

eSignatures, on the other hand, can be easily verified. They are protected by passcodes and biometric authentication methods. This means that documents can be accessed only by those who have the eSignature credentials handed by the provider. When you switch to electronic alternatives, you lessen the unnecessary exchange between parties.

  1. Time-Saving

The time we spend on signing documents is truly terrifying. It’s strange, that in the ever-evolving digital world we avoided reducing this time for so long. It’s a tiresome process of printing, signing, scanning, and faxing, or sometimes even delivering these documents, And if you have multiple partners or documents that require multiple signatures, this process takes even longer. 

On the other hand, eSignature saves the time of the signing process by:

  • Reducing repetitive actions
  • Using security authentication and critical problem monitoring to speed up negotiations
  • Regardless of geographic location, eliminating any delays in contract update or execution.
  1. Eco-friendly

Every credible corporation has a mission to reduce ill human impact on the environment and be more eco-friendly. Newsflash: papers are made from trees and water and this causes an inevitable effect on the ecosystem. Over 10 liters of water is required for one single sheet of A4. Every day, the effort and consciousness to protect the environment by adopting eco-friendly alternatives grows. This creates a genuine and legitimate need to reduce paperwork at work. 

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Electronic signatures contribute to the conservation protection of paper and trees, the reduction of greenhouse gas emissions, and the reduction of environmental impact. Switching to eSignatures is merely one more step in the right direction. Going paperless would not only assist to create a healthy environment, but it would also save your company money and time.

Conclusion

eSignatures are one of the technology innovations you want to adapt to your corporate lifestyle. Not only is it extremely important for the environment, but it also is more time and cost-efficient. Many electronic signature alternatives are easy to use and integrate into your company culture. They work with most business tools and make the eSigning process smooth and effective. Every organization will find immediate business benefits when switching to digital alternatives.

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