The Benefits of Using Electronic Signatures | DrySign by Exela

 

eSignatures Benefits

Change is the only constant. And the ones who embrace and adapt to change are the ones who thrive. This theory has manifested itself throughout the COVID-infested years we have been storming through. And as much as most beings dislike change, the businesses that endured are the ones who were able to accept and deviate accordingly. So, the first step is 'acceptance.'

Not only as individuals, but organizations worldwide must accept the transformations brought about due to the pandemic and plan strategies synergizing with newer, faster, cheaper, and more convenient processes. Our businesses have rapidly evolved, and many workflows embraced the digital route. Remote work and video conferences have paved the way for contactless operations while Mother Nature rejoices at the reduced dependence on paper and seemingly unnecessary polluting processes.

But after all the virtual meet-and-greets and confirmation of deals, most companies are still shuttling huge documents across from one office to the other while the papers travel back and forth until their conclusion. With all of the innovations and advancements in technology, waiting for a physical document to finalize something in ink negates much of the other modern processes' benefits.

Simplifying complex procedures is what we do best at Exela. And so, with DrySign, we've made it possible to expedite even that last step, which is, signing on the dotted line. We want you to have a quick, safe, cost-efficient, reliable, and convenient experience. DrySign by Exela is an easy-to-use electronic signature solution designed to help users sign, send, and share documents anywhere, anytime, from any device. Indeed, this revolutionary product has many benefits. Once you are acquainted with the idea of digital signatures and get accustomed to the convenience and ease of e-signing, you can never go back to signing in ink again – at least not by choice!

Also Read: eSignatures: Positively Transforming Customer Experience in the Hospitality Sector 

Let's look at some of the best benefits of switching to digital signatures:

1. Unmatched Security

2. Significant Cost-Savings

3. Quick Turnaround Times

4. Unrivaled Convenience and Flexibility

5. Legally Binding

6. Sustainable and Eco-friendly Solution

7. Robust Audit Trails

8. Contactless Service

 

Unmatched Security

Digital signature technology, a subset of the electronic signature platform, is more secure than hand-written, ink-based signing. This is because it contains traceable data that can be backtracked to the source, making details such as who signed a document, when, and even where they signed it traceable for legal purposes. Therefore, digital signatures reduce the likelihood of forgery, copies signed under duress, and any other form of fraud. Additionally, it even reduces the possibility of errors because digital pages cannot be inadvertently swapped out for fraudulent, older, or variable versions, providing an extra layer of security that traditional methods cannot compete with. Moreover, one can configure the application to ensure only select persons can copy the file and only specific users gain access. 

Significant Cost-Savings

While switching to electronic signatures, you may incur a meager initial cost. However, when you consider the amount of money you save by eliminating other expensive resources from the signing equation, this initial cost seems petty. The most apparent savings come from the reduced dependence on paper, ink, printing, packaging, postage, and handling. These processes include the cost of the mentioned elements, but an administrative fee also accompanies these tasks. Moreover, the labor involved in performing these executive functions is intensive and expensive. Documents may switch between many hands in the process, and one cannot ignore the probability of human error. In addition, some business transactions comprise airline travel, hotel accommodations, and miscellaneous expenses incurred with in-person meetings. With electronic signatures, you can complete transactions without the typical print-and-mail or meet-and-greet and the possible repetitions of these processes due to modifications or corrections. Exela’s DrySign permits users to store e-signed files in a cloud-based repository that can be accessed anywhere, which means more savings on infrastructure-related costs. One cannot ignore the space that offices assign only to store documents. Furthermore, with a facility that holds vital records, appropriate staff to help organize, access, and safeguard relevant information are also required, thereby adding to the headcount of billable employees.

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