As technology rapidly advances, traditional, printed hard copies of contracts and other official documents pose a host of problems. The electronic signature thus is becoming an indispensable tool, holding the power to transform business for virtually all of today’s professionals.
Protecting the Earth
With environmental and climate concerns growing, companies are looking for any way possible to work «green».
Electronic documents and signatures mean that businesses cost-effectively can reduce their paper footprint, even as it becomes easier and more time efficient to share their records with internal personnel and external partners.
Today’s companies now want to operate anywhere, anytime almost by default. The electronic signature process fits flawlessly into this app-centric, multitasking way of working, allowing employees to seal deals no matter where they are or what time it happens to be.
Closely connected to the above point is the increased facilitation of global connections. Whereas before companies had to wait hours or days to get documents signed by individuals in different regions, they now can get approval and move forward in mere minutes.
Companies now use electronic signatures, combined with digital signatures, to keep information secure and verify identity even when professionals have yet to meet in person. The scope of opportunity for contemporary companies thus is significantly larger than in the past, as people know they can trust electronic signature authentication across borders.
Because electronic signatures are growing in use, businesses and legislators are changing the way they are legally approached. Companies have to understand what the regulations are for specific regions.
The bottom line
In general, electronic signatures simultaneously reduce overhead while speeding up project timelines, the latter of which often translates to teams being able to complete more deals and increase revenue. Companies can reinvest their electronic signature savings and profits into other areas, ultimately helping the businesses maintain greater stability and market competitiveness.