Electronic Signatures In Industry

Would you believe us if we were to tell you that we’d deposit a million bucks into your account if you read this blog in all its entirety? No! Well, what if we promised? Still no, huh? Not even if we promised? Doesn’t that count for something? Hard pass, eh? Sure, that’s hurtful. But, your skepticism is rationally justifiable. How are you expected to believe anything unless some contractual obligation binds it with definite tenure, validity, terms, and conditions? And there are none out here! A promise is nothing but mere words, but an attested agreement is what binds the participants to the terms. They make promises legal and enforceable. Without a contract, such promises are nothing but tall worthless claims. A contract is what coaxes the promising party or parties to stand by their word and comply. Otherwise, mere words are just fluff without any concrete obligation, aren’t they? Needless to say, businesses employ contracts for all their transactions. Contract and Agreement document...

  4.543 billion years!  Earth has been around for over these many years, and we have managed to cause an unprecedented level of damage to the environment in a mere century. With rampant exploitation of natural resources, production of too much waste, and air and water pollution, we are steadily reaching the point where there is no return, unknowingly leading the path to the final destruction of our home planet. Almost every day, another research finding, news story, or environmental-related disaster piles more evidence on the reality that our planet is in crisis. It is a well-known yet disturbing fact that needs to be acknowledged on an immediate basis. All of us, on an individual basis, try to do our bit for the planet, whether it is recycling waste, reducing the use of plastic, etc. But the businesses out there impact our environment the most. The paper usage numbers today are staggering. According to  Statista , the global paper consumption was  399 million metric...

  Digital transformation and  electronic signatures  have drastically expedited the closure of real estate deals. It has become convenient for buyers and sellers alike when we compare earlier procedures wherein customers would have to travel to and fro several times to verify and attest forms and documents. And God forbid if something is missing, they'd have to repeat the process, making it a pretty distasteful task. In this blog, we look at ways to expedite a real estate deal from the perspective of a builder, a real estate agent, or a consultancy service company. ​ It's now or never; nothing lasts forever! ​ Advertisements for newly developed properties are very similar nowadays. Most of them promise significant discounts if the token amount is paid over the weekend or within a week since the advert is published. Initially, it may seem bizarre, but these sales strategies work if you analyze the statistics. The principle applied is simple – create a sense of urgency! You...

  The International Data Corporation (IDC) revealed that 65% of the global GDP would be digitalized by 2022. Today, the world has moved towards a digital era, embracing intelligent digital solutions.  Electronic signatures  play the part of one such digital innovation that has turned out to be beneficial for businesses, individuals, and the global business environment, as a whole. The digital signature market is estimated to grow from USD 4.05 billion in 2022 to USD 35.03 billion in 2029. The electronic signature market is growing by leaps and bounds and is a boon for organizations. Today’s ever-changing business world (attn: COVID-19 pandemic) has forced even the most rigidly traditional organizations to operate in the contemporary world. And, it’s not for nothing! Every industry faces cut-throat competition, which in turn increases customer expectations. Companies and individuals are compelled to embrace digitally-driven solutions to generate revenue and stay relevant. ...

Yes, we know. E-signatures are everywhere, and everyone is talking about them. Those of you who are still wandering the unknown streets of all things e-signatures, let us help! Living in a digitally connected world entitles us to certain benefits. Today, we can get things done swiftly – businesses move at a breakneck pace, deals are made in seconds, bank transfers occur in the blink of an eye, etc. So, when it comes to signing documents, how can we afford to lag behind? From deals, partnerships, and collaborations between businesses to employee signatures on various documents, the one thing common is the need for a signature. However, in this day and age, we can hardly afford to wait for a person to be physically present everywhere just to sign on a document or even scan, print, email, or courier it. Let’s not forget the COVID-19 pandemic that ensured that physically signing a document was next to impossible for the past 2 to 3 years. Neither is the process efficient nor is it effect...

Today, e-signatures are fast taking the role of technology that can be adopted as the first step towards complete digitization, no matter the nature of your organization. Most people experience electronic signatures, either signing with an Apple pen on an iPad or pasting an image of their signature on documents. E-signatures have enabled financial institutions, start-ups, manufacturing plants, and other large organizations to maintain critical business continuity by giving consumers digital access to essential services like bank account openings, vehicle financing, loans, employee agreements, vendor contracts, etc. As  e-signature  adoption increases, organizations need to educate employees and customers about the legal and secure processes e-signature technology provides for signing documents online. While the rule of traditional handwritten signatures slowly but steadily comes to an end, there are still concerns that plague consumers about the legality and validity of e-sign...