What Are Electronic Signatures?
An electronic signature is a legally binding way to get consent from your customer by using an electronic signature. eSign eliminated the need of a handwritten signature, on your business documents. This type of signature provides the same legal standing as a handwritten signature as long as it follows the requirements of the specific regulations it was transacted under.
Benefits of Electronic Signatures
Electronic signatures are common enough these days that, when presented with a document that needs to be signed, your customers prefer eSign as compared to a wet signing which in turn needs to be scanned and emailed back. Let’s look at three major benefits to an eSign workflow.
Simple and Efficient
The biggest benefit of Electronic signatures is, it saves you and your customer time. When using eSign, the need for transporting hard-copies between counterparts is removed, which is extremely beneficial for getting contracts signed quickly. eSign speeds up your business transactions.
Improves Close Rates for Senders
By adding electronic signature options to their documents, most companies usually see a sizable increase in close rates for quotes and contracts. The main reason for this is because it’s far easier for recipients to quickly eSign their name and hit send as opposed to them needing it is to print, scan, and re-send your document.
Electronic signatures are safer and more secure than traditional paper documents. In addition to containing a signature, they also contain traceable information on who signed the document, when they signed it, and where they signed it. That’s much stronger and more enforceable than your paper and inc based solution.
In 2021, where businesses are moving virtual and expanding their reach into new territories, electronic signatures allow for remote transactions which makes it a much more convenient solution for both parties involved in the transaction. Your customers are looking to you to supply them with an alternative to mailing and/or printing and scanning.