Ross & Ross International

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Top e-Signature Projects that will Digitally Transform Your Business

Barry Ross

Update: November 2018

Digital Transformation is quickly changing the way we work from physical to digital workflows. Every industry and business is being changed by this megatrend and it will rapidly speed up over the next five years.  The following article gives you a good overview, the top ideas on how you can use e-Signature cloud and mobile technology in your business, and a list of some easy, fast benefits.

Most companies today still do not use e-Signature technology in their businesses. It's a mistake if your people process a lot of documents that need to be signed each week.  There is a huge opportunity to increase productivity, as well as sales and customer success from implementing this one technology.  The e-Signature technology solutions range from small to enterprise pricing.

It's time to transform your paper and manual workflows like contracting, on-boarding new employees, terminating workers, human resources, sales invoices, non-disclosure documents, etc. 

So right now you create a PDF using a word processor, print it, proof it, make some updates and then email it as an attachment. The company that gets your document will likely print it out, review it, sign it, scan it, then email it back (some people are still even faxing and mailing documents). If it's a rush, you have to pay for FedEx, UPS or Express US Mail.

e-Signature 5-Year Market Trend

e-Signature investments will rapidly rise in all businesses over the next five years. See the chart below:

 

Top e-Signature Projects to Digitally Transform Your Business

It's time to transform your paper and manual workflows in the following areas into e-Signature workflows:

Sales / Marketing

  1. Customer Proposals and Quotes

  2. Customer Discount Agreements

  3. Annual Sales Professional Compensation Plans

  4. Partner Agreements

Customer Success / Service / Support

  1. Statement of Work (SOW)

  2. New Customer On-Boarding

  3. Service / Support Agreements

HR / Recruiting

  1. New Employee On-Boarding

  2. Change in Policies Agreement

  3. Employee (online) Handbook Completion Agreement

  4. Termination Documents

Finance / Legal

  1. Non-Disclosure Agreements (NDAs)

  2. Real Estate Documents

  3. Expenses

  4. Purchase Orders

  5. Stock Options

  6. Annual Bonus Agreements

 

e-Signature & Workflow Cost Savings

The graph shows how costs are significantly reduced when implementing e-Signature technology with new innovative workflows. 

See this chart in the original post

Benefits

The following are just some of the e-Signature benefits:

  • Improved productivity

  • Increased sales

  • Reduced processing cost

  • Reduced time signing documents, orders and contracts

  • Reduced filing time and storage costs

  • Strengthen legal and compliance

  • Less mistakes and lost paperwork

  • Speed up closing sales deals by 40%

  • Reduced FedEx, UPS and Express U.S. Mail

  • Promotes green business contributions

  • Reduced printer, ink and repair costs

The Bottom Line

The use of e-Signature technology dramatically improves your business processes by 20 to 30 percent. It's been legal by the U.S. and many overseas governments for years.  Most of all, you eliminate a frustrating part of business for you, your people and your customers.  It reduces paperwork for everyone, eliminates the cost of file cabinets and it makes it so much easier for your customers to buy from you. It's Win-Win for everyone.

Learn More about Digital Transformation

Sign up today to learn more about Digital Transformation changes coming to your Industry.  

 

Photo credit: Naypong at freedigitalphotos