The ways Electronic Signatures are driving ROI | DrySign by Exela

 

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.

​Increasing revenue and augmenting Return On Investment (ROI) is a critical focus of every organization. Dive into this blog to know the ways e-signatures can drive ROI.

Electronic signatures - Driving ROI

Signing documents as a token of receipt is a must in business processes. It also lends finality to a sale or business process. Today, no department can thrive in the digital world without e-signatures. Signing electronically has made it easy and secure for organizations to sign, send, and receive agreements. While it is abundantly evident that e-signatures can benefit businesses, let’s explore how they can drive ROI.

1. Enhances Employee Productivity
2. Eliminates Extra Cost
3. Accelerates Revenue
4. High-Efficiency
5. Improves Customer Experience
6. Reduces Risk
7. Environmental Responsibility

Enhances Employee Productivity:

Documentation plays a significant role in all types of industries. Businesses rely on agreements or contracts to perform all aspects of sales, marketing, development, or organizational functions to run smoothly. In the last decade, e-signatures have been in the driving seat to streamline the signing of agreements. With the help of state-of-the-art e-signature solutions, your documents can be signed in minutes compared to earlier, when you would spend days waiting for a signature or two from clients or partners, using traditional pen and paper signing methods. Rolling out offer letters and other hiring documents, sales contracts, invoices, employee benefits, NDAs, and so on; the processing of all these documents comes into the picture while gauging employee productivity. Moreover, signing essential documents or agreements, following up for signing status, inviting one or more signatories to sign a document, and keeping a record of all this takes up unnecessary time and effort, eventually leading to reduced employee productivity. DrySign e-signatures help you sign any document within minutes securely, from anywhere. The DrySign platform also provides an all-seeing, intelligent dashboard that allows you to track every single document that is out for signing or pending to be signed by you. This effortless tracking of your entire document workflow enhances productivity and keeps you and your teams on track.

Eliminates Extra Cost: 

In 2021, as the economy slowly reopened, the prices for products increased. The cost of paper, too, rose significantly, a 9.6% escalation. An analysis report says that businesses in the U.S. waste $8 billion a year on just managing paper. Signing documents manually also include costs associated with printing, mailing, and storing documents. Hidden costs such as fuel, logistics, human resources, etc., are also involved but generally overlooked. E-signatures reduce these extra costs associated with document signing and allow for a faster and error-free documenting process. Organizations that adopt e-signature solutions reduce document handling expenses by a whopping 85%. With DrySign, it is so easy to upload or create a document, sign it, and share it from anywhere, reducing several overhead costs that are, so obviously, avoidable.

Dive into this blog to know the ways electronic signatures are driving ROI