According to recent statistics, e-signature apps and software save businesses between 55% and 78.62% in total operational costs. If your business deals with a large number of physical documents daily, you should consider adopting paperless solutions, such as electronic signatures. This will not only improve your workflow’s efficiency, it will also enhance productivity, reduce stress, and save time.
An electronic signature, also known as e-signature, refers to a means of assenting on electronic documents. Continue reading to discover more way that using electronic signatures will help your business:
Convenience and Ease of Use
Businesses today are not restricted by geographical location. This is why you’ll find businesses with clients and team members in different cities, states, and countries. Electronic signatures facilitate collaboration and communication among the different parties in a business transaction. It also promotes remote authentication, which is more efficient than the paper alternative of mailing, printing, and scanning.
Increased Level of Security
E-signatures are generally safer and more secure than traditional paper documents. This is because they contain a signature, as well as information about who signed the document, when it was signed, and where it was signed. In essence, online signatures provide a stronger and more enforceable system of conducting transactions than the traditional paper-based system.
Saves Time and Energy
Managing business papers and documents is not an easy task as it demands a lot of time and energy that would be better spent elsewhere. In addition, using paperwork also requires a lot of storage space as you need to keep a bulk of these documents for future references. However, using electronic signatures eliminates the need for paperwork and paper storage space. This reduces the amount of time and energy you spend sorting through the bulk of papers and documents.
Huge Cost Savings
Although the financial decisions you make in your business are necessary for its progress, they may sometimes overburden you. Fortunately, you can reduce the amount you spend on running your business – and still maintain progress – by investing in new technologies like electronic signatures. Adopting e-signatures will help you save cost, and consequently, bring additional benefits to your business. You can create a signature free using bonsai.
Increased Client Satisfaction
Perhaps the most important duty of every business is to keep its clients happy and satisfied. Electronic signature enables you to achieve this more easily, as it facilitates communication with your clients. With the use of e-signatures, you will be able to easily get in touch with your clients and have them sign documents within minutes and at no extra cost.
Environment-Friendly
As is widely known, paper is produced from trees and water, and the increased production of paper is dangerous to the environment. Fortunately, e-signatures are an environment-friendly solution that reduces the use of paper, thereby saving trees.
Endnote
An e-signature is a technological advancement designed to make life simpler and easier for businesses. Using e-signature can offer your business improved convenience, save time, energy, and cost, avoid delays, and ensure that you are able to sign documents anytime and anywhere. Its benefits are numerous, so be sure to adopt it for your business.