In a technology-oriented age, the success of most businesses and organizations hinges on their ability to keep up with technological advancements. The emergence of electronic signature has allowed people to encode electronic signatures on their documents. Before the invention of electronic signature, the passing of documents and contracts from one person to another required a lot of processes like faxing or scanning which were often expensive, time-consuming and was avoided most of the time, however, electronic signature has gotten rid of all those inconveniences. Electronic signature is making life easy for most people through the ways discussed below.
Electronic signature saves you time by eliminating the complex and time-consuming process of sharing documents through scanning. With the electronic signature, there is low time consumption as the document can be signed online instantly regardless of where the person is. As technology continues to evolve, privacy is becoming an increasing concern among many people using it, however, electronic signature ensures that the electronic records are authentic and legitimated.
Buying paper and ink are some of the regular expenses that different firms incur, however, since electronic signature requires no paper for transfer of documents, you don’t have to allocate funding for it. Electronic signature saves travel expenses since it does not demand the physical presence of the signers, unlike wet signatures. Using electronic signature allows remote access and improved user convenience since signatory sign can be availed regardless of where one is. Electronic signature provides convenience as an ideal gateway for small towns and rural populations.
The ability of the electronic signature to verify every signature from a signatory significantly reduces the chances of fraud, which is usually very common with wet signatures. The time saved when you use electronic signature can be invested in the job which results in increased productivity. You can dispatch a paper document and received back with some signatures missing, however, electronic signature eliminates these risks. It is easy to collect documents with electronic signature since al can be signed at the same time.
Customer satisfaction is an important factor to influencing your business success and by incorporating electronic signature, you will improve your customer experience while also saving them time and money. The current generation of the workforce was born and raised around technology, and they particularly appreciate the use of technology as an electronic signature to facilitate procedures. Going completely paperless will take a lot of time, however, it will save you money and make your company eco-friendly. Given the benefits of using electronic signatures mentioned above, you should try it.