After the legal recognition of digital signature by federal acts like Electronic Signatures in Global & National Commerce Act of 2000; many employers across the US and other countries like Europe and Asia are now opting for digital signature programs over traditional document signing methods. Employers are making this shift for all the right reasons. And that exactly what we will focus on in today’s post.

From signing vendor contracts to partnership deals and mortgage papers, businesses are using digital signature software programs to power up their business for success. Here are some of the top reasons why they are doing so:

ü Big Cost Savings both Direct and Indirect

Replacing traditional document signing method with digital signature offers big and direct cost savings. Digital signature helps save on the cost of ink, paper, stationary, printer maintenance and also shipping cost, if your potential vendors or partners are located out of the city or country. Besides this, it also offers huge indirect cost savings. You save time and resources which otherwise you would have to invest in filing paperwork, rekeying data, finding lost contracts and tracking them down in the mail. In fact, research shows that 81 percent of the users of digital signature programs have realized payback within 1 year while 25 percent have experienced ROI in less than 3 months.

ü Improved Security

Using digital signature software offers enhanced security to both customers and employees in comparison to handwritten traditional signature especially if it is integrated with CLM software. CLM or Contract Lifecycle Management when combined with digital signature programs can help you detect any minor alterations automatically, and can also record more data-points than you can do on paper.

ü Sign and Close Deals Fast

In comparison to the traditional process of signing documents, where you have to create a hardcopy of the contract papers and wait for the party to sign it, digital signatures spare you from all that. Some digital signature software programs have built-in ‘remind’ features that prompt the signer to sign and send the document. Not only does the signer has access to the contract papers on the computer, it also reminds the signer to sign the documents and send them ASAP. As the signer is reminded frequently, you don’t have to call the signer and follow up. And thanks to the reminder feature, the signer remembers to read, sign and send the documents back before the expiration date. This speeds the process and helps close deals fast.

To learn more benefits of using digital signature or for software selection and integration, get in touch with us today. Call us on (877) 355-6070 or email us at info@jsbenefitsgroup.com. Our team will provide you all the information and assistance that you need.