Ever-increasing technological innovations have made business a whole lot more convenient. From online conference calls to online faxes, technology makes business easier, and it saves time and money. One of those technological innovations making a big splash is e-signatures. There are a lot of benefits to using e-signatures for business, and understanding those benefits can help you determine whether they’re right for you or not.

Saving Time

One of the biggest benefits to businesses who utilize e-signatures is time saved. Rather than having to print and mail forms to clients, businesses can have them “sign” it in just a few minutes. This allows the customer and the business to move on to more important things. Because of the time saved, e-signatures can also help increase productivity and in turn, profits. In some companies, this can even eliminate an entire day’s worth of work, allowing them to utilize workers’ talents elsewhere.

Saving Money

E-signatures save money for companies in a number of different ways. Companies can spend from thousands to tens of thousands of dollars each year on paper, printing, and mailing forms for customers to sign. With e-signatures, all of that money is saved, which means it can be put back into another aspect of the company or transferred over to profits. It could even eliminate the need for companies to use a third party to print, organize and mail forms that need to be signed.

Going Green

Companies who are becoming more aware of their responsibility to “green” practices will benefit from e-signatures. Billions of pounds of paper waste are generated each year by companies – both small and large. Not only do e-signatures reduce paper waste, but it allows those companies to advertise as a “green” business. This, in combination with other green practices can help earn the respect of customers and potentially gain new customers who are looking for companies with a green initiative.

Convenience

Offering the option of e-signatures allows companies to offer their customers something more: convenience. In a world where everything is becoming more convenient, customers have come to expect things to be extremely easy. From paying for gas at the gas pump to having groceries delivered straight to the house, convenience is without a doubt a market. Chances are, if they’re considering two companies, they’re going to go with the one that is more convenient. Offering e-signatures allows companies to provide that convenience and be a step ahead of the competition.

Overall, e-signatures are a wonderful and positive business change. It doesn’t take a lot of time or money to integrate e-signatures into a company’s every day processes, and the end result is a whole lot better than the traditional print, mail, and sign method. They provide companies with the opportunity to save money, lots of time, and to operate as a business that is environmentally-friendly. Customers appreciate the convenience of e-signatures and companies can truly benefit from them. It’s a win-win situation.