Let Electronic Signature Solutions Drive Your ROI Toward Success
Electronic signatures are online versions of handwritten signatures. You can use them to sign every document electronically without always being present at the office. Electronic signatures are legally binding in several countries and are becoming increasingly popular as businesses move to digital platforms from traditional ones.
Esignatures present you with various advantages over traditional pen & paper ones. It offers you the ability to track the whereabouts of a signed document. You can also verify the identity of the signatory. Apart from these, we use esignatures to sign documents, such as PDFs and Word files electronically. The esigning process makes our current workplaces more productive & efficient and reduces any sort of security risks.
So, in this blog, VeriDoc Sign presents you with the reasons why electronic signatures drive ROI toward success:
Reduces the cost
Esignatures are nothing other than a digital way of signing documents. This process offers several advantages over the traditional paper-based method. Most importantly, esignatures reduce the costs associated with handling documents significantly. If you calculate on average, each document will cost you around USD 25 for printing, mailing, storing, and locating. However, these costs are eliminated with electronic signature solutions.
To understand further, esignatures reduce the hidden costs associated with human error and out-of-order documents. If you want to fix these errors, it can cost up to four times the amount spent if you submit them correctly the first time.
Accelerates your revenue towards greater profits
Esignature is increasingly popular in the business world for its many advantages over traditional wet signatures. It eliminates any data entry errors and other frustrating manual experiences that slow down sales. This automatically results in an exponential increase in revenue. When you use electronic signatures, you can complete up to 82% of contracts in less than a day, and 50% would take less than 15 minutes.
Trusty esign solutions save valuable time and allow you to recognize the income sooner. In addition, the return on investment (ROI) is higher for electronic signatures than for paper-based signatures. The numbers stand for an average revenue acceleration of around 7.5%.
Boosts your productivity
An electronic signature is mathematically related to the signed document. It guarantees that your document is not tampered with since it was signed and identified by the signer. This makes electronic signatures legally binding in most jurisdictions and an increasingly attractive method for many businesses.
There is a significant amount of time and cost that we can save using electronic signatures. For example, automating the process of sending documents over for signature through mail can reduce the total time spent on documentation while also reducing the risk of errors. Also, real-time tracking information can help avoid delays caused by chasing up late signatories. As a result, our work becomes more productive in way less time than ever before.
Electronic signatures can offer a valuable return on investment for businesses of all sizes and in any sector. So, it is important to understand how electronic signatures can benefit your business and how they can manage your work better. When it is about a positive investment, you should not wait anymore. Try VeriDoc Sign’s 10-day free trial today and I bet you will not regret this decision ever!
