Outside of the United States, laws concerning electronic signatures vary by country and region. So it can be hard to keep up with what is and isn’t compliant. This is why it’s essential to partner with an established electronic signature software vendor who can ensure you never fall foul of regulatory standards.
Chances are your team will already be familiar with electronic signatures from working with other organizations and individuals in their personal and professional lives. So with minimal training, they’ll be able to start using e-signature technology, giving your business a rapid return on investment.
To demonstrate just how easy the user experience is, here are the exact steps users take to send and sign.
Various teams can use electronic signatures for a wide variety of documents. Below are some typical use cases.
Overall, it doesn’t matter which department uses electronic signatures and for what documents; digitizing the signing process saves employees time and frustration. It removes manual, repetitive, menial tasks, allowing employees to focus on more critical business matters.
The most forward-thinking companies are adopting electronic signatures because of their numerous benefits. Here are a few reasons:
Electronic signatures are faster and more efficient than wet-ink signatures but have the same legal standing in most countries and jurisdictions. They reduce the administrative burden on teams, letting them focus on higher-value activities.
With electronic signatures, documents can be completed and signed in seconds and returned quickly and easily online. This can be especially beneficial for time-sensitive documents and agreements, such as contracts and legal documents, where every minute counts.
The encryption technology used in electronic signatures ensures the authenticity of signatures and documents. Unlike traditional signatures, they’re practically impossible to forge and provide a high level of non-repudiation. Both the sender and the recipient are provided with evidence, the sender with proof of delivery, and the recipient with proof of the sender’s identity, ensuring that neither party can later deny having received or sent the information.
Electronic signatures reduce the need for paper, ink, and stamps, as well as the time and resources needed to process paper documents. Companies that switch from physical to electronic documents can eliminate 90% of their filing cabinets, reducing storage costs.
Reducing the use of paper, ink, and the transportation of documents is a more environmentally friendly way of doing business. It helps lower your carbon emissions, contributing to a more sustainable future.
Electronic signatures allow for the signing of documents to be done digitally on any device, which eliminates the need for in-person meetings. They’re the ideal solution for remote-first businesses (where working off-site is the de facto option for employees) and remote-friendly organizations (hybrid environments, where employees are primarily office-based but are only required to go in on certain days.)
Signing documents electronically couldn’t be easier. On-screen instructions and an intuitive user interface guide users through the process, ensuring the final document is complete and compliant. Inconsistencies and missing information are flagged in real-time, making errors impossible. You’ll never again wait weeks for a document to be signed, only for it to arrive with a mistake.
Electronic signatures provide a clear and verifiable record of who signed a document, when, and from where (using the IP address of the signer). This creates accountability and a valuable audit trail, which is helpful for compliance, record-keeping purposes, and in case of any disputes or legal challenges.
With the right tools in place, management can get a clear, real-time overview of how documents flow through the organization. From creation to signing to archival, they can pinpoint where delays are happening and optimize processes to make them run smoother. This means that decisions can be made faster and more confidently, leading to increased productivity, cost savings, and better client relationships. It’s like having a crystal ball for document workflows.
Electronic signatures enable multiple parties to sign on the dotted line simultaneously and in real time without needing antiquated physical document exchange. Senders can keep a close eye on opens, views, comments, and other customer behavior to keep everyone aligned and ensure the flow is seamless.
You can drive automation, streamline workflows, and transfer documents without manual data entry by integrating electronic signature functionality into your existing systems (content management, contract management, CRM, HR, AP software, e-commerce platform, customer portal, etc.) The best thing is that you don’t have to rip and replace the systems you use already, which helps drive adoption and reduces costs.
Electronic signatures provide convenience and efficiency for your business and customers. Allowing customers to sign and complete documents quickly and easily without the risk of errors or delays leads to increased satisfaction and loyalty.
Additionally, electronic signatures signal to customers that your business can innovate and adapt to new technologies, enhancing your brand’s perceived value. A reputation as a cutting-edge business attracts new partners and top talent.
Robust electronic signature software ensures that documents are saved automatically, eliminating the risk of losing progress. Senders and signers can easily access the document, check its status, set reminders and notifications, download, and print as needed. Accessibility eliminates the need for time-consuming back-and-forth communication.
With documents stored in a centralized repository, everyone can easily access the right document at the right time. No more sifting through old emails and folders, digital documents and signatures are searchable and can be compiled to produce reports that return data-driven insights.
