The Benefits of Using Electronic Signatures

 There are several ways to authenticate our identity, personal details, willingness, consent, and reinforce our intentions or proposals in a way that safeguards us and all concerning parties. In the earlier days, businesses used a thumb impression to seal a deal or authenticate documents as no two individuals have the same fingerprint. Later, we shifted to pen-and-paper when we realized that our uniqueness extends beyond our biological composition. We all have different ways of writing. But, even this method is not exempt from fraud such as forgery, and there is a likelihood of persons being compelled into signing documents under duress. And now, we are finally moving to newer improved processes that are quick, convenient, and easily accessible, but at the same time, they are also more reliable and secure.

So, what is the latest authenticator?

Electronic signatures as an alternative to handwritten signatures were introduced in India through the Information Technology Act, 2000. It has been around for over a decade now. Yet, only the recent years have witnessed an uptrend in its usage.

But is it worth the effort?

What effort? There really is none! Partner up with a reputable brand like Exela’s DrySign, and you can truly reap all the benefits this technology has to offer. Let’s review some of the advantages of DrySigning:

1. Going digital is paperless and environment-friendly.

2. It can save you a significant amount of time.

3. It saves substantial money directly through unutilized resources utilized.

4. It indirectly saves considerable money caused by productivity loss and loss of contract or change of intent due to delays.

5. You do not have to worry about maintaining a document storage facility and associated administrative functions and costs.

6. There is no paper clutter.

7. You have instant and easy access to all your signed files and documents via cloud storage facilities.

8. There is increased mobility.

9. Users have greater flexibility and convenience.

10. It elevates the customer experience through hassle-free operations.

11. Better customer experience leads to customer loyalty and repeat- business.

12. Internal customers also enjoy the benefits of hassle-free workflows.

13. In the circumstances requiring multiple signatures, one can simultaneously send the document to all recipients as it gets updated in real-time online. Additional hierarchical preferences may be applied in such a case.

14. It strengthens compliance, and system prompts and notifications decrease the probability of incomplete documentation.

15. Electronic signatures and digital signatures have enhanced security features and lower risk as compared to handwritten signatures.

16. Productivity is enhanced due to increased accountability.

17. An entire audit trail is maintained, backed by solid timestamps, verification, source trail, location history, and traceable workflows if required.

18. Documents are not subject to being over-processed, i.e., scanning and photocopying several times. So, the integrity of the file is maintained.

19. User privacy is maintained without middlemen such as clerks and assistants gaining access to sensitive information.

20. Digital signatures are legally binding in most use cases, with very few exceptions.

DrySign is a highly secure, fast, and legally sound electronic signature solution for your business with innumerable benefits to its credit. DrySign rids you of time-consuming, error-prone, conventional paper-based workflows. Step into the new age of digital transformation with sustainable authentication and signature solutions. Embrace technology that is designed to make life and business easy! Sign up for a free trial today!

Read the entire blog here for a more detailed review of all the benefits of switching to electronic signing.

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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