5 Reasons You Should to Use Electronic Signatures


  • 23 Aug 2022
  • Advice, Business


Introduction

Are you still handwriting signatures on contracts? If so, you're doing it wrong. In this digital age, there are better (and more secure) ways to sign agreements and other important documents.

One of the most efficient and secure methods is electronic (or digital) signatures. Here are five reasons you should start using them:

1. Speed and Efficiency: When you use an electronic signature, the recipient of the document gets it almost instantly, whereas they would have to wait for a physical document to arrive by mail.

2. Convenience: You can sign documents from anywhere in the world as long as you have an internet connection.

3. Security: Electronic signatures are more secure than handwritten signatures because they cannot be forged.

4. Cost Savings: You don't have to spend money on stamps, envelopes, or courier services when you use electronic signatures.

5. Green: Electronic signatures are more environmentally friendly than paper-based signature methods.

 

What Is an Electronic (Digital) Signature?

An electronic signature, also known as a digital signature, is an advanced way of signing a document electronically. It's essentially your "fingerprint" online, and it carries the same legal weight as a handwritten signature.

But what makes it so great? Well, there are several reasons:

 

1. An electronic signature is more secure than a handwritten signature.

2. It's faster and easier than signing documents by hand.

3. You can use it for any type of document, regardless of where you are or what type of device you're using.

4. It's tamper-proof and virtually impossible to forge.

5. It's a great way to keep track of your transactions and records.

 

The Benefits of Electronic Signatures

There are many benefits to using electronic signatures in your business, but let's focus on five of the most important ones.

 

1. Speed and Efficiency: When you use electronic signatures, you speed up the signing process by eliminating the need to print, sign, and scan documents. This means that you can get agreements signed and back to your customers more quickly.

2. Convenience: Electronic signatures are available anywhere there is an internet connection, which means that you can sign documents no matter where you are.

3. Security: Documents that are signed electronically are far more secure than those that are signed with a pen. This is because they cannot be easily altered or forged.

4. Cost Savings: There are many cost savings associated with using electronic signatures. For example, you don't have to purchase ink or paper, and you don't need a scanner or fax machine to send signed documents.

5. Compliance: Electronic signatures are a great way to ensure compliance with all relevant regulations and standards

 

How Electronic Signatures Improve Your Business

There are many reasons to use electronic signatures in your business, but here are five of the most important:

 

1. Efficiency: When you use electronic signatures, you speed up the process of getting documents signed. This is because there's no need to print, sign and scan documents anymore—you can just send them electronically and have the other party sign them right away.

2. Security: Electronic signatures are more secure than paper-based signatures. This is because they can't be easily copied or altered, and they're harder to forge.

3. Convenience: With electronic signatures, you can sign documents from anywhere in the world, as long as you have an internet connection.

4. Cost-effective: There's no need to print or ship documents when you use electronic signatures—everything can be done online. This saves you time and money.

5. Compliance: Electronic signatures are legally binding in many countries around the world, so you can be confident that they will hold up in court.

 

Examples of Paperless Contract Processes With Electronic Signatures

Are you ready to learn about some other benefits of using electronic signatures? In addition to the reasons I've already mentioned, here are four more examples of paperless contract processes that can be made easier with e-signatures.

 

- Renting an apartment: The process of signing a lease can be done entirely online with e-signatures. No more driving back and forth to sign documents in person!

- Business loans: If you're a small business owner, you know that taking out a loan is often a complicated process. With electronic signatures, you can sign loan documents from the comfort of your own office—no need to make a special trip to the bank.

- Insurance policies: Have you ever had to wait for an insurance agent to come to your house or office to sign documents? With e-signatures, that's a thing of the past. You can sign insurance policy documents electronically, without ever having to meet in person.

- Employment contracts: Hiring new employees is easier than ever with electronic signatures. All you need is a computer and an internet connection, and you can get signed employment contracts in minutes—without ever having to print or fax a thing.

 

Security & Legality of Digital Signatures

When you use a digital signature, you can be sure that the document is coming from you and has not been tampered with. This is because digital signatures use encryption to secure the document.

Additionally, digital signatures are legally binding in most countries. This means that if you sign a contract electronically, it will hold up in court just like a contract that has been signed with a pen and paper.

 

FAQs on Digital Signatures and ESign Services

Do digital signatures expire?

Yes, they can. The validity of a digital signature can be set to expire on a certain date or after a certain period of time. This is especially useful for documents that need to be updated or renewed on a regular basis, such as contracts or leases.

How long does it take to sign a document electronically?

The time it takes to sign a document electronically will vary depending on the size and complexity of the document, as well as the number of signatories. In general, though, it should take no more than a few minutes to sign a document electronically.

What if I need to make changes to a document after I've signed it?

If you need to make changes to a document after you've signed it, you can usually do so by creating a new version of the document and having all the signatories sign the new version.

 

Conclusion

It's clear that electronic signatures are the future of contract signing. Not only are they more secure and efficient, they're also more environmentally friendly. So, why aren't you using them yet?

If you're still on the fence, here are five reasons you need to start using electronic signatures today:

1. Electronic signatures are more secure than traditional signatures.

2. They're faster and more efficient than traditional methods.

3. They're more environmentally friendly than traditional methods.

4. They're easier to manage and store than traditional methods.

5. They're legally binding in the United States and around the world.

 

 


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