E-signature solution is most commonly associated with legal documents. However, it can also be used in eCommerce and delivery and logistics, public petitions, and many other areas.
Even small- and medium-sized businesses use e-signature software heavily today, and this number is expected to increase by 30% over the next five years.
Many organizations still use traditional ink-based signatures, despite the advancement of digital signature software.
What is an electronic signature? And why are more companies using it?
What is an electronic signature?
An electronic signature (also known as an "e-signature") is a legally admissible, unique signature that's generated by the software.
An e-signature can be used digitally to sign documents and can be re-used repeatedly by the person who created it. It is similar to traditional paper signatures and shows that the signer understands the terms of the document.
To use e-signature software you just need to click on the field of a document and then choose your signature. You can have the technology generate your signature based on your name, but you may also be able to use a stylus or your mouse to create your signature process.
Digital signature solutions are a well-known technology that has been in existence for more than two decades. They were legalized in the United States in 2000 and accepted by many countries as a valid way to sign electronic documents.
What are the advantages of e-signature software?
Many e-signature companies now offer the technology to digitally sign and securely generate documents. But if you're happy with pen and ink for signatures, why not invest in this technology? Here are five reasons you should consider e-signature software to help your company.
Speed
The best thing about e-signature software? It allows you to quickly collect signatures on your documents. In the past, to get a signature from a customer for your company, you had to send it to them and wait for them to sign it.
This could take several days.
The best electronic signature solution allows customers and business owners to receive any type of document via email, sign it electronically, and then send it back to them.
You can then quickly and easily finalize contracts.
More secure
Another advantage of eSignature software is the ability to create and store digital certificate copies without the risk of fraud.
Relying on handwritten signatures and paper can expose organizations to many risks.
All of these dangers can be avoided with the best electronic signature software. Your documents, contents, and online signatures can all be encrypted when they are sent to and from your customer.
They can also be encrypted once they are stored in secure digital signature technology places. This greatly reduces the chance of security breaches.
Less time to onboard and a better experience
Customers and employees can make a lasting impression with your onboarding process. Traditional methods of collecting signatures for documents like NDAs, contracts, or agreements are often slow and cumbersome.
Electronic signature provider, on the other hand, makes it much easier to collect physical signatures for things like NDAs, contracts, or agreements. This leaves a better impression.
Eliminates paper
You can instantly reduce the amount of paper your company uses to collect signatures by using electronic signature technology.
This not only saves money on printing and postage, which is especially important for businesses that have high volumes of signed paper documents but also lowers costs associated with document storage and filing. Companies can save enormous amounts of space and reduce rental costs by using e-signature software. They also have the option to repurpose spaces that were once used for filing.
The best solution for a post-pandemic world
It is becoming more difficult to follow traditional paper-based business processes with more employees working remotely.
Employees who don't have access to paper, envelopes, or a printer at home can send digital documents to customers only when they are at work. This will decrease their productivity.
The electronic signature software solution allows your teams to quickly and easily send documents to be signed, regardless of where they are located.
This technology is perfectly suited for our post-pandemic world.
Software for electronic signatures
It's a leading workflow automation E-signature platform, allowing the business plans to quickly map key processes, create contracts and collect signatures.
You can automate collecting electronic signature services and save time with e-signature software. It is also secure and compliant.
