Tag Archives: ESIGN

The Advantages of E Signatures for your business

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Esignature pen

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.

E-signatures are becoming more popular

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In today’s world, individuals can ask a question of a colleague half a world away and receive an answer in just minutes. Paperwork that once took days and even weeks to transfer from one party to another can now be sent in the time it takes to hit a download button. Technology has made everything more convenient, including business and the way business processes are handled. E-signatures are one method businesses use to streamline processes and speed up productivity. They’re a wonderful way to save time and money, and they make doing business a lot more convenient.

What is an E-Signature?

An E-signature is a type of signature that individuals can give electronically, to prevent the need to have their actual physical signature. There are different sorts of E-signatures, from unique codes that are inserted to signify “signing,” to the simple act of typing one’s name. There are typically some measures used to ensure that the individual signing is actually the person they say they are. E-signatures allow individuals to quickly perform tasks that they might normally need to wait days or weeks for, such as signing a contract.

What are the Benefits of E-Signatures?

Businesses can especially benefit from using E-signatures in a number of ways. First and foremost, they save a lot of time, allowing businesses to get things done more quickly than through the traditional method of obtaining signatures. E-signatures are also a great way to cut costs in a business. Normally, important papers must be printed out or scanned, copied, and mailed out to the recipients. Considering the huge amount of paperwork most companies are burdened with, the cost of moving it around in this manner is relatively expensive. When using electronic forms and e-signatures, costs are cut significantly.

Green Companies

E-signatures are also very beneficial for companies who are going green, or who have made the effort to eliminate paper waste throughout their company. Approximately 30 billion paper documents are either printed or copied by companies in the United States each year. Every company that goes green and utilizes e-signatures on digital documents rather than printed copies reduces that number significantly. This goes a long way toward building a better future and reducing the amount of paper waste generated by businesses in the US.

Are E-Signatures Legal?

E-signatures are legal and can be used for all types of businesses requiring valid signatures. The Electronic Signatures in Global and National Commerce Act (ESIGN) ensures that electronically-signed documents and contracts are just as legally binding as a traditional paper-based contract. This law was passed in 2000, so by no means are E-signatures a brand new idea. However, the popularity is spreading and more and more companies are realizing the immense benefits of using E-signatures in everyday business process.

Overall, E-signatures are a type of technology that benefits both the businesses that utilize them and the customers that work with those businesses. From the added convenience to quicker processing and increased productivity, E-signatures are a solution that all businesses should consider.