Drive Smoother Business Processes with E-Signatures | DrySign by Exela

 

Drive sustainable and agile business functions with e-signatures


Long time ago, futurists predicted that the world would become automated enough to free humans from the drudgeries of office and manual labor. Yet, astonishingly, we are very near to that era where almost everything is automated, right from households to business processes. As organizations move forward with digitization, we can clearly see the well-established importance of automation everywhere.

Over 75% of organizations are anticipated to implement some level of automation across various processes by 2024.

Businesses are increasingly incorporating automation in their processes and workflows for high-level process optimization and cutting down on operational costs. As a result, a profound shift has been seen in the way businesses operate: a shift away from the exasperatingly rigid business processes of the bygone. Transformation isn’t just about tweaking the same old methods; it’s about rethinking and reshuffling workflows to thrive in the modern business world.

In a nutshell, all your AI-enabled digital workflows now need is an intelligent solution that can be integrated with all the business processes. An electronic signature is one such smart digital solutions that can be integrated with business operations and processes. No matter what industry you operate in or where your company is located, all you need is an apt e-signature platform, a device, and a browser to help your organization work faster, smarter, and better. You may wonder why e-signatures are so crucial for businesses worldwide. The truth is that Americans use about 31.5 million tons of printing and writing paper each year, equalling about 660 pounds per person. This requires 535 million trees and 12 billion gallons of oil.

Also Read: Digital Signatures: Bolstering the Business Game for Start-ups

Businesses spend $8 billion annually on managing paper in the USA.

The numbers speak for themselves, and it is evident that eliminating paper usage from business processes can reduce a large number of costs as well as environmental damage. This can be done by incorporating e-signatures, which not only helps you reduce paper costs but also helps reduce your carbon footprint, printer and scanner costs, fuel costs, and so on. However, businesses have to deal with various security measures, legality concerns, and confidentiality. So how would you know using electronic signatures won’t harm your brand image or reputation? Here are the requirements for an e-signature to be legally valid:

  • Consent:

When two parties get together in a contract or an agreement, they both must agree to the terms and conditions applied. Most e-signature platforms explicitly ask for the signatory’s consent before acquiring a signature.

  • Intent:

Electronic signatures are valid if both parties intend to sign. This can be inferred from the signer’s approval of the reason for signing the electronic record.

  • Verification:

Verification is another requirement to demonstrate the legal validity of e-signatures. Electronic signatures confirm the signer’s identity with the help of in-built verifications and authentication mechanisms such as OTP verification of two-factor authentications to ensure only the authorized person signs the document.

  • Auditability:

Audit trails are referred to as the final aspect of validating the process of e-signing. Audit trails help the signatories or legal entities track and gain visibility into each step of the e-signing process.

DrySign e-signatures help keep your business processes running smoothly and swiftly

What Benefits Do E-Signatures Bring To Your Business Functions?

  1. Sales and marketing
  2. Customer service
  3. Finance department
  4. Human Resources

Sales and marketing:

The sales and marketing department acts as a matchmaking website. First, the marketing team creates plans and campaigns to generate new leads, the sales team drives the efforts to contact and convince the customer, and then the relationship happens – customer relationship. But in most cases, it doesn’t go as smoothly as planned. There are several obstacles that come with manual signing processes. Marketing teams may get delayed in running campaigns due to the time spent taking approvals and sending the content ahead. Sales teams may lose a lead in the process of communicating and sending documents back and forth for review and signing. This is where e-signatures come to your rescue. Integrating electronic signatures in your sales and marketing processes helps:

    • Spark the conversations with prompt responses
    • Boost lead conversion with quicker and secure e-signing
    • Improve customer experience and satisfaction
    • Makes it easier to on board new customers with a smoother agreement signing

Source link to read more about “Smoother Workflows & Swifter Processes - E-Signatures Make All Your Business Functions Better!” https://www.exela.digital/ay3

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