Every modern company should always be looking for ways to improve by upgrading its technological resources as technology advances. E-signatures are an innovation that is being adopted by businesses and companies all across the globe. Let’s look at how e-signatures can help a company change its vision and why the uptake of this technology is something to look forward to.
What Is An E-Signature Exactly?
If you’re not already familiar with an e-signature, we’ll go over a concise explanation of what it is and how it works.
Like everything in the online tech world, the “E” represents “electronic”. So an e-signature is simply an electronic form of signature instead of physically putting pen to paper; which in the fast-paced world of the internet is pretty much old school.
With transactions taking place globally and in real-time, having to wait on a physical signature just isn’t practical these days, so electronic signatures are the solution to speeding up the process.
With e-signatures, the signatory signs a digital document, which can then be emailed (or texted) back to the sender. E-signatures are safe, secure, encrypted and lightning-fast.
They are the way of the future and very soon most businesses will be using e-signatures at least some of the time.
Companies Can Envision a Speedier Process
We live in a “now” generation. Everything is expected to be delivered at a faster and faster pace, particularly if the internet is involved. Many business documents these days are electronic already, so it only makes sense that there should be a valid and secure way to sign them electronically as well.
Being able to send an electronic document instantly to the recipient is one thing, but if you then have to wait for that person to print the document, sign it with a pen, scan the document and then either email or fax it back takes time.
An e-signature is so much faster, more practical and streamlined. Recipients can even sign on their mobile phone and return the signed document almost immediately.
This expediency enables your business to run more efficiently and deliver results and outcomes at a much faster pace.
Improve Your Interactions With Customers/Clients
Any way that your interactions and relationships with your valued customers can be improved is always a step in the right direction. Not only does it help to cement customer retention, but it can also lead to your customers recommending others to your business.
E-signatures is one very current and modern way to improve your dealings with your clientele. Remember, whatever saves you and your business time also does the same for your customers. They don’t want to waste time printing documents, signing them, scanning them and so on. As convenient as you can make the process, the better it is for everyone involved.
Adopting e-signatures will lead to your company being recognised as a high tech business operating on the cutting edge. You’ll become known for fast and efficient services, and this will very likely attract new business to your doorstep.
Saving Time Saves Money
Simply switching from handwritten signatures to e-signatures might sound like a relatively small thing, but it will actually save you a lot of time in the long run, and we all know that time is money.
The less time your staff have to spend on getting documents signed is more time they can put to good use elsewhere in your business.
While it’s great having electronic documents in place within your business system, the advantages of this process are hampered if you still have to attain physical signatures from people. E-Signatures complete the digital document cycle and should really be adopted by all businesses going forward.
E-Signatures Are Versatile
They can be used for the signing of practically any type of document – such as contracts, forms, agreements – and they have a place in all industries. This includes the legal field, finance, healthcare, as well as government departments.
In the medical profession, e-signatures can even help save lives, by speeding up the consent process for emergency surgery procedures and similar scenarios.
Whichever way you look at it, e-signatures can only prove to be a positive asset to any business that decides to adopt them.