e-Signatures: Technology has reshaped how businesses function, especially over the past decade. Now, if you want to be successful, you need to implement technology solutions into your strategy – it’s that simple. From automated marketing to digital customer service, the options at your disposal are endless. As a business owner, you should be very excited.
At the top of your tech to-do list should be electronic signatures. If you aren’t sure what an electronic signature is, it’s simple.
What is an electronic signature?
An electronic signature (also known as an e-signature) is the digital version of a handwritten signature. In the current age, electronic signature software is becoming essential and is no longer a luxury for businesses. Now, businesses of all sizes – from start-up firms to established companies – are dealing with electronic signatures. This means that they can now send and receive all kinds of documents using the internet; including sales contracts, confirmation letters, and offer letters. Even schools have started to use electronic signatures to get consent from parents without having to see them in person.
So, what are the benefits of electronic signatures for businesses and entrepreneurs? Let’s take a look.
#1 Less paper to deal with
As a business owner, you’re probably feeling some pressure on your shoulders regarding the environment. Now, whenever you turn on the TV, world leaders and environmentalists are warning businesses to cut down on their emissions and ultimately adopt an eco-friendly approach to their daily operations. One of the best ways you can achieve this is by reducing your paper usage.
If you’re a law firm, for example, you probably have mountains of contracts and other client paperwork that you have to handle on a daily basis. Instead of doing this, you should go the digital route – which means sending and receiving your documents over the internet. This way, you can still get clients and partners to sign contracts (and other important documents) and ultimately protect the environment during the process.
To get started, you’ll need electronic signature software. Take a look at some of the best DocuSign competitors for all the assistance you need.
#2 Faster payments and signings
E-signatures mean faster payments and signings. This is because you no longer have to post or hand-deliver documents to your business partners and customers. Instead, you can send them via email and receive your signed document back the very same day (or at least faster than you would if it was a paper document). Plus, you can even set notifications for when your documents are signed and received, which is great for your management team.
#3 Improved efficiency
Modern business is all about efficiency. To be efficient, you need everything to be managed properly, and electronic signatures allow this to happen. After all, managing documents digitally is significantly easier than managing them physically.
#4 An improved experience for your customers and clients
There’s a high expectation for businesses to deliver an excellent customer experience. If you don’t, your reputation will take a hit. Therefore, by providing your customers and clients with a digital experience that allows them to sign documents using their phones or computers, you’ll ensure that they are impressed.
#5 Save money
There’s no active business that doesn’t want to save money – it’s a universal goal. By dealing in electronic signatures, you can save a ton of money due to the elimination of paper, printing, and shipping costs. The money you save can then be reinvested into other important parts of your business, such as marketing or sales.