Paperwork is time-consuming, and no part of it is as repetitive as the task of signing your name. Customers’ time and money are taken up by the need to print and rescan paperwork to get a signature. However, like many other aspects of life, technology offers a solution to this problem: e-signatures. Utilizing this tool promises confidence for both parties that signing agreements is near-instant, convenient, and secure.
The use of a digital signature over paper and ink signatures comes with numerous advantages.
Below are the Advantages of Electronic Signatures:
Time-Saving
The process of printing, scanning, and physically or electronically mailing documents for signing often takes several days, causing project delays. E-signatures take a few seconds for the signer. E-signatures prevent anxiety around safe document arrival. Generally, programs also offer reminders so that users do not find themselves forgetting their contracts.
The electronic signature technology allows both B2B and B2C companies to prepare documentation, email it off to their customers, and have it signed and returned literally within minutes.
By using Foxit eSign, you can streamline the workflow. This software requires 30% fewer clicks to prepare a document you have uploaded for eSigning, and the number of clicks is decrease by half when sending a document created from a template.
Money-Saving
Traditionally signed documents incur a cost at almost every stage. The cost of printing each page both in paper and ink expenses and in the price of shipping. All of these costs get larger as documents cover more pages. According to research conducted by Ombud, the average savings for a document electronically signed is around $20, while the expected ROI over the next five years can go as high as $50 million
E-signatures have none of these charges: electronic signing is instant, paper-and-ink-free, and unlimited in length.
Security
Unlike traditional signatures, it isn’t easy to forge an e-signature. The systems save, so attempts at hacking will alert the owner of the document. These measures ensure secure and private accounts remain safe and out of view of anyone who does not have the right access permissions.
Legal Aspects
Upon its original inception, many doubted the validity of eSign in legal documents as compared to their physical counterparts. However, judicial and governmental departments increasingly use e-signatures for in-house contracts and hold them on equal status to traditionally signed documents.
Efficiency
As well as saving time on the transport of documents as mentioned above, e-signatures allow businesses to get to work quickly and efficiently. They also allow quick transfers of materials between parties, preventing any delays in processes. That might take days or weeks through traditional methods.
Also, sending paper contracts is not environmentally sustainable. Did you know that over just to make a sheet of paper over 3 Gallons of water is used, or that 50% of business waste is constituted of paper?
Foxit eSign is Environmentally Friendly, and it helps in saving paper and trees, reducing greenhouse gas emissions. Also diminishing the burden on the environment.
The benefits of e-signing make it very clear that traditional signatures are out of date and unnecessary in the technological era we live in. Fast, efficient, secure, and cost-effective, e-signatures are the best way forward for both clients and companies.
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