As a small business, there is no doubt that the transition towards electronic signature technology will help you forget about office stuff, like printer, paper, and ink.
Whether you are operating in real estate, legal or insurance, eSignatures have become the bare necessity for efficiency and simplicity of the digital era. You no longer have to worry if a contract or agreement was delivered to the right hands.
Going digital allows you to easily keep track of a document status without ever getting a chance to lose even a single “paper”. Esignature technology is a feasible solution that will help you become more successful and efficient, something that your customers and clients will appreciate about you.
What Is an Electronic Signature?
An electronic signature refers to a data in electronic form, which is logically associated with other data also in e-form and which is used by the signatory to sign. These types of signatures provide the same legal standing as signatures signed in ink-on-paper in almost every county in the world.
The Uniform Electronic Transactions Act (UETA) 1999 and the Electronic Signatures in Global and National Commerce Act (ESIGN) 2000 admit the validity and enforceability of electronic signature in the US.
The eIDAS regulation lay out the legal framework for electronic signatures in the European Union.
Electronic Signature Trends
The electronic signature solution brings convenience and coherence to document processes for small business, whether that’s processing employee applications, closing contracts, or filing taxes.
Global e-signature market is predicted to grow, reaching USD 12.1 billion by 2024. With the acceptance of electronic signatures as legally binding, the number of small businesses who are adopting these solutions for their online transactions is increasing too.
The following factors drive the market growth: enhanced user experience, businesses need to ensure document accuracy and remain budget-friendly, as well as improved operational efficiency.
Cut Costs for Small Businesses
Small businesses have a tight budget, but implementing an electronic signature technology can help your company reduce costs of several daily production expenses. You will avoid situations of changing customers’ mind when too much time passes between selling a customer and officially signing them.
The smaller wait time is only one of the many ways eSignatures can expedite the sales process. Some of the others worth mentioning are the apparent lower printing, copying, and delivering costs due to the reduction in paper use, as well as the cloud storage.
Using the cloud as a storage system saves cost on computer hardware, which is a more expensive option than saving your documents on the Internet.
Electronic Signature Solution
DigiSigner is explicitly designed to address the distinct needs of small businesses.
Your documents are easily saved to the cloud, and signatures are encrypted for safety and security. The software embeds its own process into any document, which means copies can be emailed to clients, which in turn can be signed on their touch-screen devices and sent back within seconds.
It is perfect for busy professionals who don’t always have time to meet face-to-face to sign documents.