Electronic Signatures In Industry

  Recession? Don't panic, e-signatures help bring down the expenditures Recession rumors are everywhere. The Russia-Ukraine invasion, higher interest rates, and subsequent inflation are raising concerns that the U.S. economy is, once again, on the edge of a recession. Earlier this year, noted economists, politicians, and market veterans engaged in a great semantic debate over whether the U.S. economy is in recession or not. The argument somehow came down to the conclusion that it’s how you define the word recession. The general definition suggests that a recession occurs when two consecutive quarters of negative GDP (gross domestic product) are observed – which implies that the U.S. entered into the recession earlier in the summer of 2022. On the other hand, the National Bureau of Economic Research (NBER) exhibits a different side. According to NBER, the definition of recession shows a significant decline in economic activity spread across the economy that persists for more th...

  Online Signatures with DrySign Picture this; you are caught up in the midweek hustle. You could be a working professional on the run, a student who needs to sign an application on priority, or a freelancer who has to sign an urgent document. Either way, you are going to need a smart, legal, easy, and quick way to sign documents online. Here’s how you can get  started . Getting started with online E signatures To get you up and signing in no time, DrySign gives you an option to sign in through your Google account. If you prefer filling the form, you can do that as well. Either way, it is a simple process that shouldn’t take much time.   How to create your digital signature? Once you have successfully signed in, you will be greeted by an informative dashboard and a menu bar on the left side of the screen that will help you navigate through the application. You will see a lot of options and tabs that will make your life much easier. But to get started, you m...

  Digital Sign Law Electronic signatures or e-signatures are in high demand among enterprises. Furthermore, the COVID-19 pandemic has been a catalyst in bringing about changes in internal operational processes. As companies have begun adapting electronic documentation to sort and manage files, e-signatures are being embraced to reach deals and agreements remotely. Small and medium enterprises are leveraging technology to streamline various verticals such as marketing and sales and improve overall business efficiency. Although online signatures have countless benefits, they create a sentiment of apprehension owing to the sensitive nature of exchange. In order to ensure documents signed electronically stand up in court, just like their manual counterparts, laws have been passed and enforced by governments. If you are a business that has decided to integrate  eSignatures  into your workflows, read on to learn more about the international laws about using eSignatures. Types o...

  Digital Healthcare with signatures   Even some of the most advanced and state-of-the-art hospitals armed with the latest medical tech fail to deliver the experience that the patients might come to expect. Especially when they are handed a clipboard full of forms and other paperwork that needs signatures. Manual, paper-based workflows can add days, if not weeks, for something that can be done in a matter of hours! In such cases, there are hidden costs that you are paying, which may not get accounted for in the long run. The solution to these problem statements is digitization. Bottlenecks that can be avoided with a digital workflow Handling large volumes of paperwork could be taxing, depending upon what your approach is. When you resort to paper-based workflow, there is a myriad of things that can go wrong. 1.    Lots of hidden costs All the paperwork generated by countless patients requires excellent storage facilities and other infrastructural costs. In such ...

  Electronic Signature On Auto finance contract India is a price-sensitive market, especially when it comes to automobiles. The average buyer is often not interested in knowing why two or more automobiles in the same segment, targeted towards the same audience, are priced differently. They often tend to choose one make over the other because of a difference of a few thousand rupees. This buying behavior has driven the auto industry in India to be highly competitive. Every modern auto manufacturer in India has the same goal – providing a neat product at the cheapest price. However, it’s not just limited to “product” nowadays. Businesses worldwide have been slowly shifting towards an “experience economy” for the last 20 years. Harvard defines this phenomenon as “An experience that occurs when a company intentionally uses their services as the stage and their goods as props to engage individual customers in a way that creates memorable events”. Commodities are fungible, goods are tang...

  Keep Your Organization Safe Against Signature Fraud with eSignatures A signature is a sign of consent or approval of the user's intent on a document. Despite the digitalization of various systems and processes, signatures still hold significant standing in legal and financial procedures. The potential to misuse signatures and signature forgeries is high despite the wide use of personal identification numbers (PINs). An average organization loses 5% of its internal revenue to fraud. People think signatures are less in demand in today's digital landscape. But the truth is that most organizations have been slow in shifting to digital processes and rely on signatures to authenticate documentation. As a result, signatures are used on checks, documents, contracts, and credit card transactions, giving way to various loopholes and incentives to commit fraud. What is Signature Fraud? Another question on a person's mind is how forgeable is my signature? Did you consider it when you...

  5 Concerns Related To Adopting eSignature Leveraging technology has proven to be a rewarding decision for many businesses that choose to adapt to today’s digitized realities. Whether it’s for marketing, operations, or accounting purposes, there are now many innovations that are changing the way we do business, and it pays to catch up in many respects. One use case that has grown over the years is using electronic signatures for digital documents. The digital signature market grew to $2.8 billion globally and could grow to $14 billion by 2026. However, just like any other digital tool, e-signature applications have their share of concerns, but there are ways to address them. Here are five of the most common concerns related to adopting digital signatures at work and how to work around them. Slow adoption Inertia remains a common theme in any digital revolution, and digital signatures aren’t exempt. People will still prefer the old ways of signing documents for various re...

  10 statistics that showcase how important e-signatures are From Sumerians to Egyptians, the evolutionary journey of signatures is incredible. Gone are the days when we were required to carry pen and paper to sign a document. Now we can sign any document on the go, from anywhere and anytime. For decades now, e-signatures have been helping organizations enhance and speed up their operations. The e-signature technology became widely available and legal in the U.S. in 2000. In today's competitive market, e-signature software provides a comprehensive range of benefits and features to bring convenience, efficiency, and agility to business processes. For example,  e-signature  solutions essentially automate document workflows, allowing you and your team players countless free hours to focus on more priority and revenue-generating tasks - so that you can focus on actual business without worrying about document security and faster paperwork. In addition, you can save a lot on ph...