It remains unclear whether the idea of a completely paperless office will ever come to form, but it sure looks increasingly real by the day. Maybe not this year or the next, but definitely, electronic signatures have become one of the latest manifestations of an impending reality. If you’re considering adopting electronic signatures in your business, here are the five benefits you can expect: Ease of Use The main benefit of electronic signatures is ease of use. E-signatures let you do a variety of online tasks online, from declaring signers and recipients to delivering secure links and more. The recipient signs the document and that’s it.
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Transaction finished. Security You may find this hard to believe, but yes, electronic signatures can actually be much safer and than traditional signatures. That’s because they’re not only signatures but they also come with information that can actually be traced - for example, who the signatory is, when they signed the document, where they signed it, and so on. Surely, that’s more solid and enforceable than any traditionally signed transaction. Convenience The world of business has never been more geographically diverse. Nowadays, even small local businesses deal with large suppliers and partners all over the world.
E-signatures make remote authentication possible, which is undeniably more convenient than the old-fashioned alternative of printing, scanning or mailing documents. Quicker Turnaround Because of the convenience offered by e-signature technology, turnaround has also become much faster. Rather than passing around a document from one party to another for signatures, everyone can sign off in a few seconds all at once. Faster turnaround gives businesses a lot more versatility, especially for transactions where time is of the essence. Cost-Effectiveness Lastly, electronic signatures are definitely cost less than the usual pen and paper method. You save on paper, postage fees, mailing supplies and most of all, time.
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In business, time is money. What may seem like a small cost today will add up and make a huge difference when the time comes. There’s no reason to worry if you’re still using the old method of signing documents, but you may actually want to consider making the switch as soon as you can, given that you are ready, of course. Electronic signatures have become so common these days, so don’t think people will doubt this method when you give them a document that asks for their digital signatures. In fact, if you’re still doing it old-style, maybe they will squint their eyebrows and start questioning.
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