Today, technology offers a plethora of options to choose from for organizations looking to be profitable while minimizing risks. Decision-makers from these organizations have the onus of making the best use of resources. However, despite the best intentions and resources at their disposal, many forays into digital ways of working fail to take off successfully. The reason is failure to truly understand a business case and how a certain technology or solution can benefit your organization and help it grow.

A business case is a project management tool that provides justification for undertaking a new project, solution, or technology. It evaluates the benefit, costs, and risks of alternative options, their impact on organizations, and their capability to deliver outcomes while also providing a rationale for the preferred solution. A business case should contain a clear vision, a solution for current challenges, a demonstration of tangible outcomes, and use cases for stakeholders to be convinced. A yay or nay can decide if the project is worth consideration in the organization’s growth goals.

Making a case for E-signatures

Electronic or e-signatures help users sign online securely using an online signature tool. Esignatures are the simplest first step to breaking out of traditional processes and embracing digital transformation. With technological advances and changing customer needs, electronic signatures can successfully help businesses ride the wave of change. Here is a Business Case for eSignatures that is bound to convince you of the monetary benefits of e-signatures and how it can help you scale, grow faster, and be more profitable.

Project Name:

Adopting eSignature solutions in an organization.

Problem Statement:

Lengthy, risky, and time-consuming manual documentation processes that affect productivity and efficiency.

Manual document processes are neither pocket-friendly nor environment-friendly.

Several factors must be taken into account when considering the actual cost of paper-based documentation. These factors include not only the paper purchase but also printing/photocopying, distributing, storage, scanning, and disposal costs.

Companies in the US typically print 1.5 trillion pages per year — that is a 95,000-mile-high stack of paper or the equivalent of nearly 20 million trees!

Beyond the tangible costs, there are many other hidden costs associated with manual processes. For example, the loss of time, the risk of fraud and forgery, document loss or damage, and backup costs culminate into an extremely obsolete process.

Solution with Best Practices

It is evident that an online signature tool, like, DrySign, helps users sign, share, store, and access important documents in a matter of minutes, which is the solution to this problem. However, for an informed and well-thought-of decision, here are some best practices that must be followed:

• Examination of the Current Signing Process

  The current signing process needs to be thoroughly examined. The number of documents signed month on month and an annual average, the internal processes requiring signatures, stakeholders involved, chances of errors, time spent on storage and printing costs, and bureaucratic hurdles. All of these factors must be taken into consideration to ensure that you pick the right eSignature solution and take advantage of the various plans in the market that suit businesses of different sizes.

• Impact of e-signature use on Business Goals

  An ideal e-signature solution should lower costs, mitigate risks, reduce errors, improve TATs, accelerate internal processes, and elevate the customer experience.

  Additionally, solutions that effortlessly integrate with existing workflows are a sought-after feature in today’s world. Therefore, an ideal digital solution should be easy-to-understand, easy to integrate, and require no downtime – due to technology or intensive training.

• Measurement of cost-effectiveness

  A comparison must be drawn specifically on the cost of manual processes vs. digital ones. Calculate every expense, from the cost of postage stamps to the cost of missing files, when doing a this-versus-that process analysis.

• Encourage collaboration

  Invite core decision-makers and stakeholders to bounce off suggestions and look at all the possible market players to ensure that you get the best online signature solution for your business.

A strong business case can help agencies stay on track – McKinsey

Now that we have briefly seen a business case for e-signatures and how we can implement them in our daily workflows, let us focus on e-signature solutions and what they bring to the table.

Also Read: Why E-signatures are Essential to Succeeding in Business

What do e-signatures bring to the table?

E-signatures help businesses looking to focus on efficiency and ready to adopt solutions that will propel them forward in a competitive environment. Here are a few reasons eSignature solutions are considered a necessity in modern businesses:

• Efficiency

  For years, businesses have faced the back-and-forth between departments to get signature approvals. E-signatures attain secure online signatures from clients and suppliers in minutes. These solutions improve operational efficiency and employee productivity by leaps. Users can eSign documents, get signatures from other parties, send, store, and access them seamlessly without bottlenecks

• Cost-saving

  E-signatures help organizations to curtail their overhead expenses. Firstly, it helps cut paper buying, printing, and handling costs. It saves on the labor costs of printing, scanning, signing, tracking, and distributing documents. Secondly, documents are stored virtually in the cloud lowering costs for storage and infrastructure.

• Ease of Use

  Most e-signature solutions are easy to use and easy to navigate. For example, DrySign is a highly user-friendly platform with a dashboard that provides a bird’s eye view of all documents pending signatures, documents that need to be sent, etc. Solutions like DrySign are also super easy to adopt in existing systems and workflows without requiring staff to undergo hours of grueling training.

• Advanced Security

  E-signatures protect the identity of the signee and receiver through Public Key Infrastructure (PKI) and digital certificates. Both signing parties need to authenticate their identities to access documents. Furthermore, electronic signatures can add an extra layer of security in preventing forgeries and fraud of vital documents. Most e-signature platforms also offer an audit trail of signed documents, preventing data leaks.

• Legally Valid

  E-signatures are legally valid and provide a robust security measure for authentication. Moreover, e-signature laws worldwide give online signatures the same legal status as hand-written signatures.

The DrySign Edge

DrySign is a digital signature solution that helps the user upload, sign, send and save contracts and other documents digitally, thereby eliminating workflow bottlenecks within an organization. It smoothens processes between departments and improves efficiency by removing the hurdle of creating, maintaining, and storing physical documents. DrySign works on all devices and operating systems making it convenient for customers or clients. With more and more enterprises looking to transform their processes to gain customers, e-signature solutions are the right step toward customer success.

Conclusion

E-signatures can optimize internal processes by reducing errors, saving money and time, and helping companies conduct transactions faster. As a result, online signatures make a solid business case for companies looking to invest in digital solutions to operate efficiently and maximize their ROIs.

Trust DrySign to refine internal processes and help employees work smarter.

Sources: google.com | mckinsey.com

DISCLAIMER: The information on this site is for general information purposes only and is not intended to serve as legal advice. Laws governing the subject matter may change quickly, and Exela cannot guarantee that all the information on this site is current or correct. Should you have specific legal questions about any of the information on this site, you should consult with a licensed attorney in your area.

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Signatures have been used in executing binding contracts for decades. Traditionally, handwritten signatures signify the written acceptance of contracts and agreements. They bind parties to certain rules or laws specified in a document. It is tangible proof of parties conveying their commitment to a transaction. However, in today’s world, ink signatures aren’t the only option for authorizing documents. Over the last few decades, technology has reinvented how we execute our document signing workflows, giving rise to modern-day electronic signatures, making this tech a natural choice for industries looking to transform their business processes.

Electronic signatures or E-signatures allow parties to submit their consent virtually from remote locations while offering the same integrity and trust as traditional, handwritten signatures. Moreover, e-signature laws in major countries worldwide have made it possible to accept electronic signatures on pertinent documents, covering everything from rental agreements to employee contracts to sales contracts.

Unlike wet signatures, there are different ways to sign a digital transaction, depending on the level of assurance needed. Here’s a quick glimpse into the three different types of electronic signatures:

• Standard Electronic Signatures (SES) – Standard eSignatures are the most basic form of electronic signature and contain only the signature of the signee. It is the responsibility of the receiver to verify the sender’s identity. A standard e-mail signature or an image of a handwritten signature are perfect examples of SES. The most common use cases of SES include contracts, purchase orders, or simple business transactions.
• Advanced Electronic Signatures (AES) – These offer a higher level of assurance as compared to SES and require the verification of the signee. They contain a certificate proving their authenticity attached to the digital document to give it validity.
• Qualified Electronic Signatures (QES) – Qualified electronic signatures (QES) contain a qualified digital certificate stored and managed by a licensed Certifying Authority.

How E-signatures Benefit Industries

Industries undergoing digital transformation are focusing on solutions that can improve internal processes. E-signatures help industries in automating workflows and standardize processing between departments. As a result, industries can expedite daily production and help workers collaborate on projects. Some of the benefits of e-signatures are:

• Customization – E-signature solutions enable users to create and save templates of frequently used digital documents to reuse in the future. Industries can create and customize templates based on their line of work and add extra fields for signatures in the document.
• Security – E-signature solutions offer robust security features, including multi-factor authentication and password-protected documents to verify user identities. This helps eliminate the risk of fraud or forgery, usually prevalent in paper-based documentation and signatures.
• Transparency – E-signature solutions offer transparency in signing processes, requiring both parties to verify their identity. Moreover, digital signatures adhere to major e-signature laws worldwide, driving transparency in online transactions. In addition, digital signatures also offer a real-time trail allowing users to track and monitor modifications or alterations to the document.
• Convenience – Electronic signatures are highly convenient to be used by industries. They offer the ease of signing from anywhere, anytime, from any internet-enabled device, simplifying a plethora of processes, from signing deals to onboarding employees remotely to signing sales contracts or vendor agreements.

Also Read: How High Tech Industries can Benefit from E-signatures

Industries that must use E-signatures

Enterprises on the verge of digital transformation are influenced by their peers’ decisions and the customers’ needs. Digital transformation provides flexibility and convenience to employees while streamlining processes. With enterprises automating various processes to become more agile, adapting new technologies such as e-signatures become a top priority to enhance efficiency and productivity.

• Human Resources

Human resources can speed up their operations and work smoothly with the help of e-signatures. Onboarding and exit of employees can be conducted with ease, and HR documents like non-disclosure agreements, appraisal forms, and employee benefit forms can be signed quickly and efficiently with the privacy of all signers intact.

• Sales

Sales professionals can manage their teams and meet their targets by deploying esignatures. E-signatures can help sales teams achieve faster turnaround times, be it getting documents signed by clients, making quick amendments to documents, expediting invoicing, staying compliant with legal regulations, improving profit margins, and more.

• E-commerce

The e-commerce industry allows distributors and sellers to conduct transactions quickly, securely and seamlessly using esignatures. Electronic signatures make contract signing an effortless process and help enhance the consumer experience. Businesses can also improve customer retention rates and facilitate legitimate and secure transactions between all parties involved using electronic signatures.

• Real Estate

The real estate industry can tremendously benefit from electronic signatures. From developers to agents, brokers, and sellers, e-signatures can be leveraged to conduct transactions on the go without the process being long-drawn and monotonous.

• Financial Services

The financial services industry is skeptical when it comes to embracing new technologies. With digital lending and neo-banking emerging to capture the attention of digitally native customers, e-signatures are a surefire way to onboard them with the least hurdles.

• Education

Education institutions and students alike require a decent share of paperwork to be filled in and processed, which can be a long, tedious process. Likewise, getting forms filled, signed, and scanned can be cumbersome and require considerable time, effort, and resources. This is where e-signatures can make the signing processes simpler, quicker, seamless, and secure for all parties involved.

• Retail

Employees, vendors, and suppliers can use e-signatures to commit to contracts and agreements. The retail industry can curb expenses and track different departmental processes using electronic signatures. The real-time trail of e-signatures allows all parties to view the complete document workflow accompanied by timestamps.

• Legal

The legal industry can capitalize on e-signatures to get various documents signed with ease. This can save clients frequent trips to the attorney’s office and sign from the convenience of their homes or offices. E-signatures can also help the legal industry to sign electronic documents securely while adhering to data privacy laws. E-signatures can save time and resources for law firms while preserving the integrity and security of documents.

• Healthcare

The healthcare industry is dynamic and fast-paced, where providing the very best care and service is not an option but a necessity! Using e-signatures, healthcare professionals can expedite patient admissions and payments, claims, vendor agreements, etc., and have all documents stored online for easy access while keeping privacy and compliance intact.

• Non-profit Organization

Non-profit organizations can deploy e-signatures in their processes to free up volunteers to focus on their missions and noble causes. From volunteer applications to sponsorship contracts to membership renewals, E-signatures can expedite signing processes and make the processes more secure and efficient for non-profit organizations.

• Information Technology

Major IT sectors such as cybersecurity and SaaS can benefit from e-signatures as a preventive measure against forgeries and security leaks in crucial documentation. Moreover, with electronic signatures, documents can be accessed and signed from any location using any device, making processes highly convenient and efficient.

• Architecture, Engineering, and Construction (AEC)

AEC sectors can take advantage of e-signatures to complete projects under tight deadlines and protect the intellectual property rights of blueprints, drawings, and proposals.

How DrySign Helps

DrySign is an e-signature solution that helps businesses eliminate signing and document workflow bottlenecks within their processes. It smoothens signing workflows between departments and improves efficiency and productivity by removing the hassle of archiving physical documents. In addition, DrySign works on all devices and operating systems making it convenient for customers or clients. With large enterprises looking to transform their processes to gain customers, e-signature solutions are the right step toward customer success.

Conclusion

In this day and age, e-signatures are a highly required solution in digital processes, helping companies conduct business faster, smarter, and with elevated ease. Trust DrySign to refine internal processes and help businesses maximize their ROIs.

Sources: google.com

DISCLAIMER: The information on this site is for general information purposes only and is not intended to serve as legal advice. Laws governing the subject matter may change quickly, and Exela cannot guarantee that all the information on this site is current or correct. Should you have specific legal questions about any of the information on this site, you should consult with a licensed attorney in your area.

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Remote work has become the new reality of the corporate world. Over 97.6% of employees seek remote work opportunities for the rest of their lives. And we can’t complain – what’s better than earning from the comfort of your home? Considering these emerging work scenarios, businesses have started adopting new technologies and platforms to streamline smooth workflows. Microsoft Office seems to be a key player among those platforms, with over 1.2 billion people worldwide using MS Office. From administrative assistants to accountants, from information clerks to business analysts – it has proven to be an essential tool.

Businesses have increasingly been using MS Word for its unique features and functions. From writing business proposals and contracts to drafting emails and newsletters, it has become a must-have for all businesses. MS Word has much to offer and is more than just a word processing tool – it allows one to check spelling or grammar errors and document readability statistics and a lot more. According to a survey, 95% of respondents said that having the right software can make them more productive at work and also allows them additional free time outside the office. In today’s modern era, there is no dearth of such software and technology platforms, making the lives of location-agnostic businesses and employees easier. Electronic signatures, for example.

It is already very well communicated how eSignature technology can help streamline documentation, by enabling users to sign, send, receive, and store documents anywhere, anytime, via any internet-enabled device. To leverage this technology to its maximum potential, it is imperative to know how to use it in coordination with the one of the most used software worldwide – MS Word. If you need to add a signature to your contracts, offer letters, or NDAs, get a solution that allows easy and seamless integration. There are several ways you can add signatures to Word documents. You can incorporate a digital signature or upload your handwritten signature as an image.

Here’s everything you need to know about adding eSignatures in a Word Doc.

Why should you use eSignature in Word documents?

Before getting to adding online signatures in a Word document, we must first understand the “why” behind it. The fact remains that Microsoft Word is one of the easiest software for people to use. Whether you are a veteran laptop user or a newbie entering the world of digitization, no one is a stranger to Word. Everyone, from business owners to individuals across the globe, use Microsoft Word as a universal word-processing software to create documents. And to increase the speed of document processes, businesses are now opting to work with eSignatures instead of the monotonous drill of printing, signing, scanning and emailing/shipping.

In today’s fast-paced and uncertain business world, every business out there is trying to cut costs to maximize revenue and efficiency. When you choose a digital signature solution to save you costs and time, you must also ensure that it is compatible with commonly used software like Microsoft Word.

How to add an electronic signature in a Word document?

How to add an eSignature in a Word document? While there are many ways to add an online signature to your documents, for example: pasting an image or creating a signature online using a randomly searched website, it is important to note that these methods are almost always unsafe. Enter DrySign, an eSignature solution that has made it easier than ever to integrate signatures into not just Word documents but also other essential formats like PDF, Doc, Excel, etc. Follow the below-mentioned steps, and you are all set to thrive in the digital world.

How to DrySign a Word Document?

1. Sign Up and Log In.
2. Select Self Sign on the Dashboard.
3. Upload or Drag & Drop a document.
4. Sign the document with your signature (this could be drawn or uploaded).
5. Voilà, you’re done!

How to get signatures on your Word Document?

1. Sign Up and Log In.
2. Select Group Sign on the Dashboard.
3. Upload or Drag & Drop a document.
4. Sign the document with your signature (this could be drawn or uploaded).
5. Add Fields to the document for your signatories to fill in, like Initials, Signatures, Date, etc.
6. Add emails of your signatories.
7. Voilà, you’re done!

Also Read: 10 Frequently asked Questions about the use of ESignature!

Benefits of DrySign eSignatures

• Time-saving

  Time-saving is one of the most apparent benefits of using an eSignature solution. Sharing links to sign a Word document electronically is much easier than printing documents, arranging in-person signings, or delivering documents back and forth.

• Saves costs

  Saving cost is simply a by-product of using an eSignature solution. Incorporating a digital means of signing saves all the costs associated with wet ink signatures. Moreover, Microsoft Word is easily accessible to everyone, which keeps you from investing in additional software.

• Productivity

  Digital signatures can essentially eliminate all redundant tasks, enabling you to focus on more priority work. As a result, reduced errors, redundant tasks, and costs, in turn, enhanced productivity.

• Security

  Traditional wet signatures incorporate risks and security threats. On the other hand, electronic signatures are end-to-end encrypted, integrating security into your document signing process. Moreover, it saves documents from data loss, theft, or unauthorized access. Any alterations made can easily be noticed and are susceptible to legal actions.

• Convenience

  Electronic signatures are easy to use and don’t need the user to have any technical background. DrySign, one of the leading eSignature platforms, provides a simple interface and easy-to-use features to help users make the best use of it.

• Customer experience (CX)

  The customer experience (CX) is of utmost importance to any business. Incorporating eSignature in Word speeds up the document signing process, accelerating transactions and gaining customer loyalty.

• Legal compliance

  Businesses need to adhere to regulatory compliance requirements. Any legal disputes can lead to fines and legal actions. eSignatures today have the same legal standing as manual or handwritten signatures.

Conclusion

DrySign is the one-stop solution for all your signing needs that not only streamlines the business processes but also enhances the document signing process. Along with Microsoft Word, you can add online signatures on documents in PDF or XLS format too. DrySign has a wide range of features and benefits that will help you quickly navigate your business operations from anywhere and anytime. Start DrySigning now!

DISCLAIMER: The information on this site is for general information purposes only and is not intended to serve as legal advice. Laws governing the subject matter may change quickly, and Exela cannot guarantee that all the information on this site is current or correct. Should you have specific legal questions about any of the information on this site, you should consult with a licensed attorney in your area.

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It’s that time of the year again – Halloween is over, and November has brought the holiday season that everyone’s been waiting for! With wallets strapped and emotions running high, customers are increasingly looking for brands that can provide personalized, convenient solutions to make their lives easier and better – at a discount! Business owners are no different. Gone are the days when discounts meant only clothes, accessories, or cosmetics! With ever-changing consumer expectations and market trends, organizations and business owners are always on the lookout for the latest digital solutions that can help them stay on top of the competition. Solutions like electronic signatures or e-signatures, for that matter!

They asked, and we heard! DrySign celebrates this holiday season with BIG discounts on all plans, starting 21st November 2022!!

DrySign, an end-to-end digital signature solution, allows businesses to leverage confidential, data-driven business operations from anywhere, anytime, from any internet-enabled device. DrySign isn’t just a product; it provides an experience like none other without costing users a fortune.

A part of Exela’s growing suite of home office solutions, DrySign focuses on supporting businesses and individuals to effortlessly and efficiently navigate daily document signing workflows amidst remote work arrangements. If offers an easy-to-use, cost-effective, secure, and legal electronic signature solution that helps businesses transform their documentation processes and operations. Besides being cost-effective, DrySign also helps improve TATs, enhances productivity at the workplace, and supports businesses embracing green, sustainable initiatives.

That being said, here’s how much one of our clients, a leading organization, saved internally over 3 years, using DrySign:

• $4.2M in 3 years
• 4953 hours per team in 3 years
• $115,497 per team in 3 years
• 390 hours per team in printing over 3 years
• $178 per team in printing
• 2439+ docs signed over 3 years

Want to save as much as they did and more? Let’s begin today!

Our exclusive Holiday Offer gives you 50% off on ANY DrySign plan:

For DrySign U.S. (50% off on regular prices)

Annual Plans

Individual Plan: Pay only $3.50!

Professional Plan: Pay only $7!

Monthly Plans

Individual Plan: Pay only $4.50!

Professional Plan: Pay only $8.50!

Top DrySign Features:

• Legally compliant Electronic Signatures

  DrySign complies with major e-signature laws worldwide, such as the Electronic Signatures in Global and National Commerce (ESIGN) Act and the Uniform Electronic Transactions Act (UETA).

• Group Sign

  This easy-to-use feature allows users to invite multiple signatories to sign documents online, regardless of their location, helping expedite the entire document signing cycle.

• Smart Dashboard

  DrySign’s intuitive dashboard gives users a bird’s-eye view of their digital signing history. Users can also explore the document tracking feature that gives them the leverage to track their document signing status and get a complete overview.

• Real-time Mail Trails

  DrySign empowers users to track their documents using security features like real-time mail trails and time stamps to help them stay updated and rest assured their document has not been tampered with.

• Custom Notifications & Reminders

  Users can easily set up reminders to sign documents online and receive and send real-time notifications to ensure there are no delays or hold-ups in the document signing flow.

• Seamless Signature Workflow

  DrySign enables users to easily upload documents in multiple file formats via a user-friendly interface. In addition, users can save their documents as templates to re-use in the future and save time!

Also Read: 10 Frequently asked Questions about the use of ESignature!

Countless benefits your way…

Here’s a start to the never-ending list of DrySign e-signature benefits.

• Big Savings:

  The holiday discounts are an add-on to what DrySign helps users achieve either way – massive savings! DrySign e-signatures essentially help users eliminate costs associated with document handling such as paper, printer, scanners, delivery, ink, courier, and many more, which over a period, can add up to a small fortune!

• Go Green:

  DrySign helps professionals and businesses go green with less investment. Eliminating traveling helps reduce CO2 emissions, reducing paper usage helps reduce toxic paper waste, digitally signing helps reduce the plastic waste associated with document signing, and much more. Help the world breath freely! Trust DrySign with your go-green goals.

• More Flexibility:

  Sign documents on the go! DrySign is a location-agnostic solution that allows users to digitally sign, send, store, and receive documents from anywhere, anytime, on any internet-enabled device.

• Improved TATs:

  Drafting, printing, scanning, and sharing are functions that can take forever. DrySign helps share, sign, and store documents in less than 15 minutes!

• Customer Satisfaction:

  No strategy can beat good customer experience. When you provide prompt responses and communication to stakeholders, clients, customers, and colleagues, overall satisfaction is bound to surge.

It’s a wrap!

To,

The people reading this,

This is your chance to thrive in today’s digital age. Grab excellent holiday discounts on DrySign digital signature solutions and sign up for all the above-listed benefits! Sign up now!

This holiday season, take a break without letting your business suffer!

Get DrySign Now!

Happy Holidays!

DISCLAIMER: The information on this site is for general information purposes only and is not intended to serve as legal advice. Laws governing the subject matter may change quickly, and Exela cannot guarantee that all the information on this site is current or correct. Should you have specific legal questions about any of the information on this site, you should consult with a licensed attorney in your area.

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Modern business moves fast, and only the sectors capable of keeping up with the pace while adapting to the change can eventually survive. The same applies to the real estate industry, which, like other sectors, has its share of ups and downs. The real estate industry banks on agents and brokers to sell properties on time. However, these professionals are often slowed down by tedious paperwork and the endless wait for signatures to be procured and processed, leading to delays in signature workflows. As a result, real estate professionals end up losing out on valuable clients and time. However, new-age tech like digital documentation and electronic signatures have simplified the process considerably, allowing professionals to circumvent time-consuming functions like scanning, printing, and delivering physical documents.

Digital documentation enables real estate agents to send proposals, agreements, and other vital documents to clients, in just a few clicks, from anywhere, anytime. In addition, online storage helps them easily fetch old documents in case of any last-minute hiccups. With digital documentation also came the solution of digital signatures, a modern solution of providing consent on property documents. Thanks to digitization, now owners can sell or buy their properties with the help of a broker from the convenience and safety of their homes.

87% of all buyers purchased their homes through a real estate agent – National Association of Realtors

Expectations from a Real Estate Broker

Buying and selling homes are one of the most significant transactions for clients and need to be done while maintaining prudence. Real estate brokers and agents play a vital role in ensuring the entire process becomes hassle-free and is done efficiently. While choosing the right agent, here are some suggestions that could come in handy:

• Honesty and Transparency – The agent needs to be transparent in his dealings and should be upfront on any charges or extra documentation required in the transaction. Choose an agent with a spotless track record and positive referrals from other customers.
• Constant Communication – The agent must keep the communication flowing with the client and keep him/her abreast of all the developments. The client must be kept in the loop of any inspections or appraisals of the property.
• Technology Savvy – The agent should be comfortable with digital solutions. It helps clients save expenses on unnecessary travel and enables them to sign from anywhere, anytime.
• Availability – The agent should be available to the client and lend a patient ear to their limitless queries. He should be prompt in his replies via text, e-mail, or chat.
• Negotiation Skills – The agent should possess strong negotiation skills to make sure the client gets the best deal possible.
• After-Sales Service – The agent should provide stellar after-sales service to clients, which can help in getting referrals and improve business relations.

A Small Primer on Digital Signatures

Digital signatures are used to verify users' identities and preserve the document's integrity. They adhere to technology like Public Key Infrastructure (PKI), a set of policies and laws to secure data in digital documents. It employs two keys, a public key given by the signee and a private key held by the recipient, to authenticate the user's identity and protect the information from fraud or theft.

Digital signatures are increasingly used in agreements to conduct transactions and deals, helping minimize the risk of fraud and protecting both parties from document tampering. In business workflows, digital signatures expedite efficiency and improve document management. Moreover, digital signature solutions provide a seamless user experience allowing users to store documents and make changes in agreements and forms. A real-time trail also allows users to witness the signing status of documents.

How Digital Signatures Benefit the Real Estate Sector

• Advanced Security

  Real estate brokers can use digital signatures to protect clients from fraud. The document can be accessed only through e-mails, with the signature being requested. The solution also employs multi-factor authentication to protect the document from unauthorized access. In addition, a real-time trail helps identify any modifications or changes in documents.

• Real-time Transparency

  Digital signatures offer document transparency by requiring both parties to verify their identity. Furthermore, electronic signatures adhere to e-signature laws across major countries worldwide, making the signing process legal, secure, and compliant.

• Provide Convenience

  Digital signatures can be conveniently used by real estate brokers to get multiple signs on documents electronically. This is helpful for parties that are geographically distant from each other.

• Gain Trust

  Brokers and agents can gain the trust of clients by letting them access documents securely on a digital signature solution. The final set of documents can be sent to the client for signing after proper verification.

• Curb Expenses

  Agents can save on document expenses and shipping costs by using digital signature solutions. Businesses in the U.S. waste nearly $8 billion on managing paper documents every year. The switch to digital signature solutions provides a convenient and secure way to manage documents and capture signatures.

Also Read: It’s Raining Discounts at DrySign! This Holiday Season, Get 50% off On All DrySign plans!

Use of Digital Signatures in Real Estate Documents

Digital signatures are utilized in various digital documents to improve security and minimize risks in real estate transactions. Agents can get e-signatures on documents in a simple and secure manner. Some of these documents include:

• Buyer Representation Agreement
• Listing Agreement
• Purchase and Sale Agreement
• Non-disclosure Agreements (NDAs)
• Disclosures
• Leasing Contracts
• Inspections
• Agent Onboarding and Licensing
• Appraisals
• Amendments
• Addendums

How DrySign Helps

DrySign is an e-signature solution used by major industry sectors for signing documents securely. It offers digital signature solutions to users looking to conduct business digitally and expedite document workflows. DrySign’s compliance with major e-signature laws like the Global and National Commerce (ESIGN) Act makes it a noteworthy choice for completing online deals. In addition, DrySign allows users to become paperless, improve their time management, and modernize their processes.

Conclusion

Real estate brokers and agents face the hassle of paperwork which can prevent them from gaining clients and closing deals on time. Digital signature solutions like DrySign can assist them in enhancing their processes and improving their bottom-line margins.

Trust DrySign to sign your documents securely.

Source: google.com | nar.realtor

DISCLAIMER: The information on this site is for general information purposes only and is not intended to serve as legal advice. Laws governing the subject matter may change quickly, and Exela cannot guarantee that all the information on this site is current or correct. Should you have specific legal questions about any of the information on this site, you should consult with a licensed attorney in your area.

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The global e-signature market is likely to reach a total worth of $3,410.8 million by 2023.

Modernization of business operations and workflow processes tops the priority list for business owners, and electronic signature solutions have been one of the key factors driving it. The eSignature market growth primarily relies on the value it renders to enterprises worldwide. Apart from the convenience of digital signing, the solution provides an array of advantages. It not only helps eliminate the costs associated with manual signing but also saves time, streamlines workflows, and enhances productivity.

Due to the massive benefits, minimal costs, and increased ROI, businesses are increasingly transitioning to digital signing. The growth of the e-signature market is evident with the rapid growth in e-signature transactions.

In the last 5 years, almost $754 million transactions have happened in the U.S. around eSignature adoption.

It is no secret that digital signatures have proven to be a game-changer for many organizations, and the massive adoption number says it all. Here are a few statistics that will amaze you further:

• Migrating to digital signature solutions can help businesses realize a 55% to 78.62% of increment in total savings.
• Manually signed documents can take up to 5 days to reach the destination. On the other hand, it only takes an average of 37 minutes to receive digitally signed documents!
• E-signatures lead to an average of 80% reduction in turnaround time and errors
• Migration to digital signing helps achieve an average of 80% improvement in productivity and saves $20 on each document
• Some financial institutions have experienced a 92% reduction in scanning errors after incorporating digital signatures.
• By adopting eSignatures, businesses can reduce their processing errors by 90% on average.

Bet these stats are convincing enough to start your e-signing journey today! So if you’re ready to go all digital and adopt an e-signature solution in 2023, here are a few tips that will help.

Tips for small businesses to achieve a smooth eSignature adoption process

• Define the reasons for eSignature adoption

Focus on business areas where most organizations usually tend to make more human errors or spend more unnecessary time. These things are going to slow down your business growth, eventually subsiding the revenue. And no business would ever want that.

Though it is hard to spot the success rate beforehand, you can always have an eye on business cases. E-signature technology has proven to be the game changer for many organizations; adopting eSignatures to streamline your workflows will lead to improved productivity, enhanced security, better performance, smoother stakeholder experience, and faster document TATs. First, however, a smooth eSignature adoption needs you to define what your business needs are and the workflows where you want to integrate the e-signature technology for superior performance.

• Review the security benefits associated with eSignature adoption

Security is of utmost importance to any business! When you decide to integrate new technologies into your existing workflows as a business owner, the first metier on your to-do list is to prioritize security. Check the security adherence and benefits associated with eSignature adoption.

It is well-communicated that eSignatures are more secure than traditional wet signatures. However, it is imperative first to understand your security requirements. If your business deals with sensitive data on a daily basis or has confidential data, you need to choose a solution provider accordingly. DrySign, a leading e-signature solution, provides best-in-class security for your documentation. DrySign eSignatures are 128-bit secured and encrypted and comply with specific e-signature certifications that help prohibit unauthorized access to your confidential documents. Evaluate the security benefits an eSignature solution is bringing to your business to adopt the solution seamlessly.

• Identify your documentation requirements

Documentation isn’t just about printing and signing documents; it involves a comprehensive process that needs a reliable and predictable operations workflow. Different departments have different documentation needs. For instance, the HR department is required to share and sign multiple employment documents on a daily basis. On the other hand, finance and sales departments need to keep their documents on point as any error may cost the business its fortune.

An eSignature solution can help streamline your every business process. With the help of electronic signature software, you can save templates and use them in the future – this will save excessive time and money spent on redundant tasks. Moreover, it is highly impossible for you to make any errors in your business agreements or contracts, as you can automate the processes. Some of the eSignature market leaders, such as DrySign, give you the leverage to have complete control over your documents and track them efficiently so that you can never miss out on important updates.

Also Read: The ways Electronic Signatures are driving ROI

• Define your legal requirements

Legal concerns are the common obstacles small businesses usually face. Whenever any organization decides to go digital with its documentation, the main concern that arises is legitimacy. Nowadays, almost every organization is engrossed in cross-country operations, and operating overseas requires you to have proper knowledge of the laws and rules of the country.

You will probably be relieved to hear that you do not have to be concerned about legitimacy anymore – eSignature solutions do it for you. E-signatures are legal and can be efficiently used for cross-country transactions. With a business spread across geographies, it gets challenging to keep track of every document or verify if it’s legally compliant. However, with the help of digital signing, you can automate your documentation with end-to-end security and legitimacy and track your document progress anytime – helping you worry less and focus more on the actual business. If you are looking to adopt an e-signature solution in 2023, define your legal requirements and find out if the solution provider has signatures complying with the concerned country’s laws.

• Review the compatibility of the integration with existing applications

Adopting the digital way of signing documents isn’t anyone’s decision – it requires everyone to be on the same plate for smooth onboarding of the solution. And the most common concern for business professionals is the integration of eSignatures with existing applications. Business professionals develop their own tech stack according to the requirements. Integration of electronic signatures with your tech stack is the best way to confirm you get the most out of your transition to digital signing.

DrySign is a holistic eSignature solution that brings the best of all worlds in a single user-friendly package. DrySign enables seamless integration with other platforms such as Salesforce, OneDrive, Google Drive, and Dropbox, simplifying file upload. Now, you can sign on the go in just a few minutes.

• Identify business requirements

To embrace the right solution, you must know precisely why you need it. Define the business requirements necessary to reach your goals and how an ideal digital signature solution should be. This will help you find the right solution unique to your business needs. For B2B (Business to Business) organizations, the NDAs and service agreements are a focus. On the other hand, the B2E (Business to employee) strategy requires you to consider all the employment documentation, including hiring and onboarding. For a B2C (Business to Consumer), a solution tailored to service terms, applications, and client accounts would be of interest.

• Determine the spending on manual documentation workflows

The best way to determine if the solution is value for money is to evaluate the changes it is going to bring to your business. The same goes with digital signing – to know if your transition to digital signing is worth it, you must evaluate its success rate. Determine how much you are currently spending on manual documentation to understand how e-signature adoption will be transformative.

While it isn’t any secret, electronic signatures are the most efficient way of signing. It not only saves money and time but accelerates document turnaround.

According to a study, eSignatures can save businesses 22,000 hours yearly.

It only requires a few minutes to sign electronically, which not only benefits your business but also enhances customer experience. Moreover, you wouldn’t need to spend unnecessarily on stationary, paper, scanners, printers, couriers, and fuel. If you want a smooth adoption, determine your current spending and evaluate the success rate.

It’s a wrap!

Electronic signatures have proven to be a great technology that has eased jobs for many. And DrySign has been an active participant in doing so. DrySign has been helping organizations streamline their processes, enhance efficiency, and increase ROI with a wide range of features and countless benefits. If you are still using the age-old traditional wet signing method, this is the time to transform. Talk to our experts to know more about how DrySign can help your business. Get DrySign now!

DISCLAIMER: The information on this site is for general information purposes only and is not intended to serve as legal advice. Laws governing the subject matter may change quickly, and Exela cannot guarantee that all the information on this site is current or correct. Should you have specific legal questions about any of the information on this site, you should consult with a licensed attorney in your area.

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In today's employee-oriented work culture, attracting and retaining top talent is one of the leading factors that influence the success of any organization. And as a result, human resource departments are given more importance than ever, ensuring they're aptly resourced. However, unfortunately, many businesses struggle to find decent staff for the HR department that can help them thrive in the modern business ecosystem. Moreover, most can neither afford a well-staffed HR department. Luckily, there are startups whose mission is to help tackle the toughest corporate challenges – from hiring top talent to managing their sensitive data.

HR staffing firms strive to meet clients’ requirements and onboard the best talent. They often use social platforms like LinkedIn, online advertising, job portals, online conferences, or webinars to connect and land more candidates. In a nutshell, HR staffing firms help organizations meet their ideal workforce requirements. However, the fact remains that most HR processes are still manual and document-driven. As a result, HR professionals waste countless hours on documentation. Automating these paper-based processes, optimizing workflows, streamlining operations, and cutting out waste can help HR professionals spend more time on what they are passionate about – people.

Getting the right tools can help HR staffing agencies develop the agility to respond to market changes while providing best-in-class services. An electronic signature is one such technology that has become a lifesaver for many businesses, including HR staffing firms. As we know, staffing agencies rely on paper-based processes - eSignatures work towards eliminating these outdated, manual documentation processes. Here's how HR staffing firms can leverage e-signatures.

How HR staffing firms leverage electronic signatures

• Recruit top talent

  The global skills shortage is not a secret anymore. The vast majority of companies worldwide, 87%, know they already have a skills gap or are most likely to have one within a few years. So how do you perceive the term "skills gap?" It generally refers to the bridge between the skills companies require and the skills candidates possess. In such a tight labor market, recruiting top talent is a priority no.1 for HR staffing firms. They look into every possible tool that can help them attract, hire, and retain the best candidates.

  With the emergence of remote and hybrid work cultures, meeting the best candidates across diverse geographies has become more critical. Luckily, eSignatures can make things happen, regardless of location or time. For instance, you can automate below HR forms with the help of electronic signatures:

  • Non-disclosure agreements (NDAs)
  • Contractor agreements
  • Master services agreements (MSA)
  • Service level agreements (SLAs
  • Background check consents
  • Employment verifications
  • Job applications
  • Document verification forms
  • Offer letters

• Onboarding new employees

  Hiring and onboarding top talent help you win half the battle. After getting approval from the client and candidate, HR staffing firms seek to onboard the new hire. However, any delay caused in this process can lead to missed opportunities, lost income for candidates, or late project kick-offs for clients. In addition, delayed processes lose candidates' interest, and they might prefer to look for other opportunities. Nevertheless, eSignatures have you covered. E-Signature solutions like DrySign can help you onboard a new employee in minimal time by accelerating the processes associated with:

  • Employment contracts or agreements
  • Tax withholding forms
  • Employee agreements
  • Non-disclosure agreements
  • List of expectations
  • Insurance forms
  • Appointment letter

• Offboarding

  Former employees can impact your organization and its reputation significantly. They can be future advocates, influencing moves for new employees or your future decisions. Thus, HR staffing firms must invest in managing sensitive information securely and reliably. In addition, similar to onboarding, employees must have a satisfying offboarding experience. Just as smooth onboarding is essential for positive employee experiences, a smooth offboarding experience is equally critical. Here are certain offboarding forms that can be effortlessly and efficiently signed using electronic signatures:

  • Exit interview forms
  • Tax documents
  • Retirement plan transfers
  • Retirement forms
  • Employee resignation or termination letters
  • Non-disclosure agreements

Also Read: Tips for businesses embracing eSignature solutions in 2023

5 Benefits observed by staffing firms by automating paper-based processes

• Better employee engagement

  Building a unified, productive, and satisfied workforce starts with the first step – hiring and onboarding. Investing in streamlined hiring and onboarding processes promotes higher employee engagement. And incorporating eSignature technology helps streamline the processes. In addition, automating paperwork can speed up processes and save time, ultimately increasing the pace of hiring, onboarding, payroll, HR administration, etc., and driving better employee engagement.

• Reduced paper usage

  From hiring to onboarding to offboarding, the document checklist for employees is comprehensive. It includes medical forms, tax forms, payroll documentation, disclosures, policies, exit interviews, etc. Managing all of these documents for every single employee can get overwhelming. Electronic signatures lessen this burden and eliminate paper usage by creating a single repository in the cloud with easy, universal access. In addition, going paperless with eSignatures also helps address ever-evolving compliance issues.

• Better communication

  Human resource departments are often overwhelmed with countless tasks coupled with stringent security and compliance requirements. As a result, working with an HR professional is often perceived as a time-consuming and sluggish process. Managing employee data, delivering critical information on time, managing payroll, and taking care of employee engagement programs and benefits - handling all these tasks at once is an intricate job. However, incorporating eSignature technology can ease this burden. You can automate redundant processes and invest more time in acknowledging real issues. Moreover, you can also furnish important information on time and keep concerned persons updated on the real-time progress.

• Enhanced productivity

  Interdepartmental silos can slow down responsiveness and productivity. For instance, onboarding a new employee may impact HR, IT, finance, and other departments differently. On the other hand, automating workflows with the help of an electronic signature solution reduces friction and drives more productivity. Moreover, employees and HR professionals can focus on priority tasks with streamlined processes.

• Reduced manual work

  Most of the HR processes are paper-centric – hiring forms, employment documents, salary slips, employee data, payroll data, employee handbooks, exit forms, etc. Most of these documents include repetitive information, need the signatures of one or more parties, and must be shared back and forth for reviews. With the help of electronic signatures, you can save templates for future references and get documents signed and stored within minutes without worrying about security or compliance – a lifesaver for HR professionals.

The Bottom Line

Employees are the biggest asset of any organization. Human resource teams are responsible for finding these valuable assets, developing them into productive team players, and retaining the best talent for organizational growth. Unfortunately, HR professionals spend most of their time drafting, sharing, and signing paper documents. Keeping track of each of these documents, updating concerned persons, maintaining security and compliance, and avoiding potential legal disputes can be very challenging. This is where eSignatures come into the picture. DrySign, a leading digital signature solution, provides a wide range of features to streamline your HR processes, helping you build, develop, and retain a superior workforce. Get DrySign now for all your signing needs!

DISCLAIMER: The information on this site is for general information purposes only and is not intended to serve as legal advice. Laws governing the subject matter may change quickly, and Exela cannot guarantee that all the information on this site is current or correct. Should you have specific legal questions about any of the information on this site, you should consult with a licensed attorney in your area.

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Today, companies operate in times of unprecedented change. Digital transformation provides them with opportunities, with early adopters taking the lead. However, it is challenging for companies to scale with a relevant approach. Reinventing processes takes considerable time and effort, and digitizing processes means considering customers' needs and security.

Electronic signatures or eSignatures are a modern digital tool used in getting consent via e-signatures on contracts and agreements. It was vital during the COVID-19 pandemic and helped organizations foster and maintain business relationships. However, an obscure understanding of the law and changes in regulations and compliance can prohibit companies from investing long-term in these innovations.

Electronic signatures are an asset to industries looking to optimize internal processes and facilitate great customer experiences. Although regulations deter enterprises from investment, electronic signature laws are easy to comply with due to the effort put in by eSignature solution providers like DrySign. This blog is meant to clear any doubts resource-heavy industries have about electronic signatures and facilitate them in adapting digital processes.

31% of organizations have adopted eSignatures to remain competitive. – Aberdeen

How Industries will Benefit from eSignatures

The use of electronic signatures will streamline the process of electronic documentation for customers and industry professionals. Here are some advantages of its implementation:

• Better Customer Experience :

  Customers need a better experience while signing onto new products and services. Electronic signatures can help companies achieve this. An eSignature solution can be integrated into all document workflows like contracts, consent forms, agreements, and letters allowing customers and employees a seamless, hassle-free experience.

• Improved Speeds in Signing :

  Contracts, forms, and documents can be signed quicker than ever using eSignatures. A client can sign a form at his convenience from any location, any time.

• More Savings :

  Adopting digital signatures will reduce the expenditure on paper, materials such as inks, and maintenance costs of printers and scanners. This will attract digital consumers who care about companies that follow eco-friendly business practices.

• Increased Productivity :

  Electronic signatures can improve the productivity of any industry professional. As a user, you can track all your documents, whether signed or pending, etc., leading to efficient decision-making. In addition, notifications and reminders allow you to fast-track your processes.

Also Read: How Industries are integrating eSignatures into their Arsenal

Industries that Benefit from eSignatures

eSignatures can have several benefits for document-heavy industries that must comply with changing regulations. Here is a brief list of some industries that benefit significantly from the adoption of online signatures:

• Pharmaceuticals – Pharmaceutical industry manufacturers and their partners must maintain rooms full of paper documents, agreements, delivery and processing forms, etc. A real-time mail trail helps record the electronic signatures of all parties involved, the signatory's name, and the time of signing.
• Healthcare – The healthcare industry relies on consent forms, insurance forms, release papers, and other documents. It can switch to eSignatures to adhere to medical regulations to gain their consent electronically. Electronic health records can be integrated with electronic signatures to help patients and doctors sign within hospitals and facilities.
• Legal – Law firms can utilize eSignatures to sign contracts, agreements, and other documents with clients. Electronic signature solutions complying with the ESIGN Act can authenticate signatures electronically. In addition, E-signatures can limit the use of paper documents while maintaining privacy.
• Real Estate – The real estate industry can simplify its workflow and utilize eSignatures. Legally valid electronic signatures can protect against fraud and ensure a hassle-free process.
• Education – Institutions within the education industry can use them to control the paperwork. A transparent process can help the administrative staff to manage documentation effortlessly and ensure smooth functioning. Implementing eSignatures can bring speed, transparency, and reliability to the process.
• Government – Government departments can employ eSignatures to gain approvals on tenders, upcoming projects, etc. Departments can use mail trails to see obstacles and take preventive measures to ensure projects are not deadlocked.
• BFSI – The banking, financial service, and insurance industry can introduce eSignatures in their process to serve as an identification factor of signees. Banks, financial institutions, and insurance firms can process KYC forms efficiently with its help.
• Retail – The retail industry can streamline the contracting process by using eSignatures. Retailers can use them in hiring short-term staff, entering agreements with distributors, invoicing, delivery receipts, etc., and ironing out any bottlenecks in the supply chain.

How DrySign Helps

DrySign is an eSignature solution with a high impact value on internal processes. Some of the benefits are stated below:

• Digitizing Documents

  DrySign helps protect documents from manual risks by digitizing and storing them securely. The platform even allows companies to create templates of forms and agreements for clients and gain approval in just a few clicks.

• Gain Transparency

  The status of documents can be seen in real-time with real-time mail trails displaying any modifications or alterations made to your document. It can save companies hours of productive time on follow-up and resource allocation.

• Improve Workflows

  DrySign helps users improve their workflow and eliminates any unnecessary steps in the process. Electronic signatures can improve productivity and efficiency and act as a substitute for attaining signatures from multiple signatories without them being physically present.

• Document Security

  Documents are protected thanks to inherent standards followed by DrySign to protect their customers from fraud and theft. In addition, sending documents through a trusted electronic signature provider like DrySign is ideal for insurance companies. Stringent encryption standards and additional features such as multi-factor authentication can protect sensitive documents.

• Legally Compliant

  DrySign complies with the ESIGN Act, UETA, and other global electronic signature laws. All documents signed on the platform are legally binding and protected by the law.

• Sustainability

  Implementing an eSignature solution will help companies become sustainable by cutting down on paper use and reducing their waste output. Reducing the carbon footprint will contribute to the environment and limit your business’s impact on the planet.

Conclusion

Companies across various industries must take measures to achieve their goals and provide excellence. Electronic signatures transform entire processes and help industries cater to clients who are increasingly dependent on digital technologies. In addition, they offer a smooth signing experience and eliminate cumbersome barriers.

Change the way you do business by partnering with DrySign.

DISCLAIMER: The information on this site is for general information purposes only and is not intended to serve as legal advice. Laws governing the subject matter may change quickly, and Exela cannot guarantee that all the information on this site is current or correct. Should you have specific legal questions about any of the information on this site, you should consult with a licensed attorney in your area.

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The quest for workplace productivity and efficiency has always been a hot topic. Post-pandemic, this also posed a significant challenge for companies as work became remote and employees stopped coming into offices daily. Given the circumstances, maintaining productivity and efficiency became a challenge for every department head. Without a doubt, it was digitization and the fast adaptation to it that saved many a business.

With the ever-changing market scenarios and snowballing uncertainty, digitization has become the norm. As a result of digitization, many organizations have significantly improved core business functions through innovative technologies and solutions. And one of the core drivers behind these transformations is the desire for a more efficient, productive, and cost-effective workplace.

Out of the numerous ways one can leverage digitization and modern technologies to improve productivity, one of them is to embrace electronic signatures. E-signatures have been a savior for many businesses, streamlining their processes and augmenting the pace of document signing even in remote working environments. In addition, esignatures bring myriad benefits to companies that essentially help reduce the burden of employees and elevate customer experience. In the case of employees, the more satisfied and happy they feel about their work, the more efficient and productive they will be.

DrySign, our comprehensive digital signature solution, can transform businesses from the very second they are integrated into a workflow. Moreover, with competitive plan prices and unbeatable features, DrySign is a choice made by many businesses wanting to tread the digital path. Before we tell you more about DrySign, here are 5 ways e-signatures can help improve your workplace productivity.

5 Ways eSignatures can improve your workplace productivity

1. Streamlined operations

   Almost every business, irrespective of size, deals with high volumes of documentation. Right from hiring new employees to creating invoices, leases or other legal agreements, business contracts, budget proposals, sales agreements, and so on – there is no way a business can run without documentation. In addition, most organizations have different signing hierarchies through which the document must pass. Imagine if any one person in that hierarchical structure is on leave or traveling; the delays in the signing process can extend to days or even weeks.

   Introducing electronic signatures in your organizational workflows helps streamline operations. Irrespective of your location or time, you can sign any document in just minutes from anywhere in the world. You won’t have to wait weeks to get a document signed, thereby expediting your processes and business growth.

2. Lower costs

   We all know that documentation is an integral part of businesses. And thus, documentation costs can be the most substantial ones. Imagine if you could eliminate all of the costs associated with manual paperwork. Well, it is now possible with the help of eSignatures.

   Going paperless helps save on printing, deliveries, fuel, paper, scanning, and much more. These costs may seem insignificant, but considering the considerable amounts, saving on these costs can positively impact your bottom line. With DrySign, you can sign on the go without worrying about additional costs. All you need is a device, DrySign, and an internet connection to sign documents anytime and anywhere.

Also Read: Tips for businesses embracing eSignature solutions in 2023

3. Legal compliance

   No matter what industry you are working in, legal compliance is always a top priority for business owners. There are different state and country laws and litigations applicable to various industries. And business must comply with them to thrive in the modern business world.

   Electronic signatures are legal and comply with specific laws that ensure the legitimacy of documents. For example, DrySign, one of the leading online signature solutions, complies with international e-signature laws such as the E-SIGN Act and UETA (USA), the IT Act of 2000 (India), and Sec. 5 (e) Electronic Commerce Act (Republic Act No. 8792) (Philippines).

4. Transparency in documentation

   Using traditional methods of signing and storing paper documents makes it challenging to retrieve and review them. Another significant challenge is to ensure the security and legitimacy of these documents. Moreover, once sent for approval or collection of more signatures, it could take days or weeks, eventually slowing down business growth. On the other hand, embracing a digital signature solution provides not only complete transparency in your documentation but also ensures swift document delivery and instant and secure online signing.

   DrySign provides a wide range of features that allow users to invite one or more signatories to sign a document, keep track of the signing, and send notifications or reminders whenever required. With DrySign, you don't have to worry about getting a document signed on time or maintaining a record for future reference – all of this can be seamlessly done through the DrySign platform. In addition, real-time mail trails enable you to track your document signing status anytime. In a nutshell, you can take complete charge of your documents.

5. Environment friendly

   Do you know how severely paper consumption or traditional wet signatures can hurt our environment? It isn't just about paper and pen; it is about fuel, maintenance, transport, and many more things. For instance, burning just one gallon of gasoline emits 8,887 grams of CO2, and just one gallon of diesel emits 10,180 grams of CO2. On top of that, the average passenger vehicle emits around 404 grams of CO2 per mile.

   If your organization still uses traditional wet signatures, you are an active contributor to this buffet of greenhouse gases. These are responsible for climate change, droughts, wildfires, extreme weather conditions, and more. On the other hand, if you have already adopted an eSignature solution, you are contributing to saving our planet by going green and significantly reducing your carbon footprint.

DrySign features to increase workplace productivity

DrySign provides a wide range of features to help you ease your jobs. Here's how DrySign features can help improve workplace productivity.

• With DrySign, you can automate your document-handling processes and eliminate manual tasks.
• You can easily save or create document templates that can be used for future references.
• DrySign provides 128-bit secured eSignatures to integrate end-to-end security into your documents. In a nutshell, it protects your documents from getting tampered with and avoids security risks.
• You can efficiently invite one or more signatories to sign a document and even set automatic reminders to notify signees about pending documents.
• DrySign enables seamless integration with other applications such as Salesforce, Google Drive, OneDrive, and Dropbox to simplify file upload.

The Bottom Line

What do employees need to be more productive? A mess-free workplace and simplified work processes that don't stress them out. That's the least one can expect with the pace at which the world is digitizing. An electronic signature solution helps organizations gain this leverage to cater to their employees' needs. It helps reduce redundant tasks, saving countless hours and money that can be spent on actual business. DrySign is a leading eSignature solution that provides a wide range of features to document signing and workflows more manageable and safer. With DrySign, you can streamline your document signing process and free your employees from redundant manual tasks. Talk to our experts to find a plan suitable to your unique business needs. Get DrySign now!

DISCLAIMER: The information on this site is for general information purposes only and is not intended to serve as legal advice. Laws governing the subject matter may change quickly, and Exela cannot guarantee that all the information on this site is current or correct. Should you have specific legal questions about any of the information on this site, you should consult with a licensed attorney in your area.

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Digital transformation has been on the minds of organizations now more than ever, and the onset of the COVID-19 pandemic has undoubtedly been a trigger. Digitalization of operations has been significant in providing numerous advantages and facilitating the digital strategy across various industries such as healthcare, banking, insurance, automotive, and more. For example, digital solutions such as electronic signatures or eSignatures provide users with a platform for remote online signing while delivering enhanced security and value in the customer journey.

Today, esignatures are commonplace among businesses looking to simplify their operations and make documents easy to access. Additionally, the impact of global governments moving towards legitimizing online signatures has been the final push to persuade more and more business leaders to go the e-signature way.

Businesses have saved between 55%-78.62% in operational costs by migrating to eSignatures.

Among the many benefits of online signatures, here are a few worth mentioning:

1. E-Signatures significantly improve efficiency, speed, and productivity, regardless of industry and business size.

2. It instantly makes users go paperless and reduce their carbon footprint.

3. Document loss, theft, destruction, and other such risks are mitigated by moving the process online.

4. The cost benefits of going paperless and digitizing document workflows are immense. It’s not only about cutting paper costs; fuel, infrastructure, printers, scanners, delivery charges, etc., all make up a big part of a company's budget.

5. Using digital signature solutions provides signatories with a robust and secure platform to upload, eSign, and exchange sensitive business documents, thanks to inherent security steps.

Electronic signatures have come a long way since their inception, from integrating new features for collaboration to adhering to the latest electronic signature laws to being legally compliant. Cryptography protocols known as Public Key Infrastructure (PKI) protect the eSignature and the information within digital documents to prevent the probability of fraud. In addition, two-factor authentication and real-time mail trails have introduced transparency, adding more trust to the process.

The introduction of esignatures has eliminated the slow signing process and will find more use cases as industries adopt new technologies. Here are some trends that can push its use in the future.

Trends that can Shape eSignatures

• Contactless Technology

  Contactless technology has gained precedence since the COVID-19 pandemic. Recently, self-service stations at Melbourne airport have implemented contactless technology like facial recognition to reduce waiting in lines and ensure frictionless identity validation. Integration of the technology in eSignatures can enhance their security by a considerable degree.

• Smartphones

  Smartphone usage is at an all-time high due to a wide variety of phones, easy access to finance, and the evolution of communication networking technologies. Using smartphones to sign essential documents by users will provide ample scope for eSignatures.

• Payments

  Electronic signatures can be used by businesses in the future to gain the consent of users to enable payments and transaction receipts. This can also provide a smooth signing experience to users while reducing the customer acquisition rate.

• Integrations

  All online businesses can benefit by using application program interface (API) integrations. It can be used in validating online transactions and automating forms and agreements.

• Supportive Regulations

  Electronic signature laws have been amended and adapted to customers' changing needs. Most countries legalizing online signatures and giving them the same legal standing as handwritten signatures will encourage various technological advances.

• Device-happy generation

  With every generation, we move towards complete digitization of even the simplest of tasks. It is only natural that the coming wave of business leaders will take to electronic signatures like fish to water.

Two-thirds of businesses using e-signature only adopted it in the last two years.

Adoption Challenges of eSignatures

• Technical barriers - The high technical requirements of electronic signatures and lack of trusted service providers to act as a third party between stakeholders can pose a challenge to fearless adoption.

• Lack of accessible guidance – There is a deficiency of guides to help organizations navigate regulatory hurdles and electronic signature laws.

• Tedious signing process - The signing process can be laborious for users unfamiliar with it. Even a simple digital process can seem daunting for people who aren't tech-savvy.

• Cost Concerns – The common belief is that even if one were to think about going digital, it would surely be more expensive than legacy methods. This is simply untrue.

Also Read: Tips for businesses embracing eSignature solutions in 2023

The eSignature market

According to the reports of Business Wire, the worldwide e-signature market could potentially reach a total value of $5.5 billion by 2023. The rollout of government laws to help ease conducting of business and improve customer experience can drive the demand for eSignatures. In addition, the expectation of enhanced efficiency,adherence to legal compliance, and streamlined workflows are various factors that can push the market to exhibit a 20.6% CAGR over the forecast period (2022-2032). The focus of governments to minimize the use of paper and shift to a paperless workflow can be one of the most significant deciding factors of adoption. In addition, the digital transformation of processes undertaken by various industries can also drive market growth.

How DrySign Helps

DrySign is an eSignature solution that allows users to sign any document online in seconds without the mess of papers, printers, scanners, etc.

• Better Customer Experience

  Customers need a better experience while signing onto new products and services. DrySign can help companies achieve this by simplifying and streamlining all document workflows like contracts, consent forms, agreements, and letters allowing customers and employees a seamless, hassle-free experience. This attracts the digitally savvy who prefer working with truly digital businesses in their operations.

• Improved Speeds in Signing

  Contracts, forms, and documents can be signed quicker than ever using DrySign. A client can sign a form at his convenience from any location and at any time.

• Low Error Rate

  DrySign can help users reduce error rates by up to 90%. Customers won't ever miss out on signing a page because the document is marked with defined areas and specific instructions.

• Reduced Expenditure

  Adopting digital signatures will reduce the expenditure on paper, materials such as inks, and maintenance costs of printers and scanners.

• Increased Productivity

  DrySign improves the productivity of any industry professional. As a user, you can track all your documents, whether signed or pending, etc., leading to efficient decision-making. Notifications and reminders allow you to fast-track your processes.

Conclusion

Documentation and workflows are integral to the success of any business. Hence electronic signatures take on the role of becoming a much-required part of the industry today. Contactless tools, digital workflows, increasing use of smartphones, and remote working are all likely to make eSigning a critical tool for organizations. Secure your future with the best electronic signature by switching to DrySign.

Source: Google.com | webinarcare.com | financesonline.com | futuremarketinsights.com

DISCLAIMER: The information on this site is for general information purposes only and is not intended to serve as legal advice. Laws governing the subject matter may change quickly, and Exela cannot guarantee that all the information on this site is current or correct. Should you have specific legal questions about any of the information on this site, you should consult with a licensed attorney in your area.

Contact us