123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Technology,-Gadget-and-Science >> View Article

How Esignatures Can Accelerate Growth For Enterprises | Drysign By Exela

Profile Picture
By Author: DrySign Author
Total Articles: 140
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Enterprises have always relied on paper documents for conducting daily business. However, procuring business documents can be a tricky affair. It includes checking for any errors or misspellings. Not to mention the printing and posting costs that increase the overhead costs for a company of any size. This is where modern automation technology like electronic signatures can be a game changer. Electronic signatures or eSignatures can digitize the entire signing process.

Electronic signatures can simplify operations and provide advanced security against online risks. With various countries backing the technology by making it a law, businesses adopting it will be at the forefront of the competition. An electronic signature solution will allow companies to digitize all documents and attain signatures from all stakeholders from any location or device.

Businesses using eSignatures have experienced a reduction in turnaround time (TAT) by 80%.

Electronic signatures bring convenience and ease of use to any process, and are a valuable asset for organizations of any size. The bigger the size, the more pivotal it becomes ...
... to have documentation in order. It has many use cases, including the online signing of purchase orders, hiring papers, contracts, invoices, and other related documents.

The Road to Digital Transformation

Organizations, irrespective of size, need digital technologies to leapfrog ahead of the competition. As a matter of fact, today, digitization is required just to stay in the game. This was proved during the COVID-19 pandemic, as many organizations decided to let go of legacy processes and implement digital strategies to facilitate remote working.

Electronic signatures benefit organizations looking to save on business time and reduce the turnaround time for approval. In addition, with companies looking to assess and evaluate the pros and cons of technologies, e-signatures are a good fit and start for any firm looking to attain good returns from their investments in established technology.

Also Read: E-Signatures: The Impact on Workplace Productivity

How Government Policies Encourage eSignature Adoption

Electronic signatures have had legal recognition in many countries since as early as the 2000s, for example, in the USA, the Philippines, India, etc. But many governments have been slow in recognizing its importance. Many countries, for example, Indonesia, have only recently understood its benefits and established laws to make esignatures viable as late as 2016.

Government regulations such as the Uniform Electronic Transactions Act (UETA) and the U.S. ESIGN Act have encouraged eSignatures to replace wet ink signatures. In addition, the laws recognize them as legally valid, holding the same legal value as a handwritten signature.

Electronic signatures are legally valid if all stakeholders sign them with the same intent. Therefore, businesses agreeing to an electronic agreement must willingly and knowingly consent to sign electronically. This also helps enterprises optimize their signature and documentation process by making it more customer-friendly and convenient.

Over 90% of the U.S. represent small and midsized enterprises

How eSignatures Help Small and Midsized Enterprises
Small and midsized enterprises (SMEs) are responsible for creating the majority of jobs in the USA. In addition, they contribute to innovation in processes and technologies. However, the pandemic threw everything in the air and caused uncertainty for many SMEs. This is evident by the impact of the COVID-19 pandemic on them. But digital technologies like eSignatures can help them adapt to the changing business environment. Here are some ways:

Hiring – Human resource processes can be paper-intensive. These processes involve filling up numerous forms such as social media policy, a non-disclosure agreement (NDA), an offer letter, and so on. Electronic signatures can automate the entire process and save on printing costs and TATs.
Agreements – Small and midsized firms can now negotiate with vendors and distributors via an electronic contract. Trusted eSignature solutions like DrySign help firms sign sensitive agreements and contracts safely and instantly.
Sales – Sales are an SME's central revenue-generating unit and bloodline. But what do you do if your sales team is always busy filling up clients' paperwork rather than chasing leads? Electronic signatures have been beneficial in converting leads easily and simplifying paperwork such as proposals, quotes, invoices, and other agreements.
Source link to learn more about “How eSignatures can Accelerate Growth for Enterprises”:


Or Talk to our experts to discuss your unique business requirements and get started with a plan accordingly. Start DrySigning now! https://bit.ly/3wzWylf

Total Views: 132Word Count: 694See All articles From Author

Add Comment

Technology, Gadget and Science Articles

1. From Vision To Reality: The Powerhouse Partnership - Product Design Engineering Companies
Author: Nisha Chauhan

2. What Is The Difference Between Base Updates And Broad Base Updates?
Author: goodcoders

3. The Future Of Business: Embracing Cloud Erp Solutions
Author: nagaraj

4. How To Scrape Aliexpress Review Data With Python?
Author: datazivot

5. Smart Agriculture market Growth Statistics Model, Forecast By Size And Share, Supply-demand Scenario 2024-2030
Author: Puja

6. 9 Ways To Integrate Ai In Devops For Enhanced Efficiency
Author: Sparity

7. Why Data Verification Matters In The Job Market In 2024
Author: Paul Henry

8. What Makes A Good Seo Program?
Author: goodcoders

9. Mind Matters: Advocating Mental Health Awareness In May
Author: Dinesh

10. How Can I Find The Best Taxi App In The Uk?
Author: adrianevans

11. Which Institute Is Best For Java Course?
Author: Shankar Singh

12. Dual Axis Solar Tracker: Enhancing Solar Panel Efficiency With Dual Axis Tracking Technologyc
Author: Ben

13. Transparent Tv Growth Outlook, New Trends 2024-2032
Author: Radha Bhandari

14. How Does Kroger Data Scraping Help In Identifying Product Trends?
Author: Productdatascrape

15. How To Use Chatgpt For Events
Author: stellan

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: