eSignatures – a trend or essential tool for law firms?
Along with remote operations, the ability to sign documents on the go and from anywhere has become the ‘new normal’. For many US businesses still hesitant to go back to the office, the new level of convenience and consistency that eSignature delivers to document processes has become the standard.
Not only do eSignatures offer a seamless way to put workflows on autopilot, but they also provide numerous benefits across different industries – education, finance, insurance, loans, and human resources, to name a few.
Why eSignatures are the ‘new normal’ for businesses
Throughout the pandemic, utilizing eSignatures became a necessity. From contracts and offer letters to invoicing and waivers, the demand for a more efficient signing process has greatly increased. It’s fair to say that eSignatures have transformed how US businesses operate by helping businesses that switched to a remote/hybrid mode of operations maintain resilience and continuity.
For many firms, making the switch to eSignatures meant flexible deployment options for meeting specific business requirements, without the need to involve strapped IT departments. Amidst the global health crisis, businesses didn’t have to worry about compliance and security issues since eSignature solutions like DocuSign ensured industry-leading compliance with security standards (SOC II, HIPAA, FERPA, and more).
Even though the adoption of electronic signature technology greatly accelerated due to the pandemic, businesses are realising that the trend is here to stay as an essential tool. The adoption of eSignatures is projected to continue accelerating throughout the next decade with even more sophisticated software capabilities to come.
What are the benefits of eSignature for firms?
Due to the widespread adoption of eSignatures, the pains associated with wet-ink signatures and issues that once surrounded the process of PDF and/or Word document signing have become a thing of the past. The adopters of eSignature enjoy an efficient way to request signatures which greatly improves internal compliance in business processes.
Enhanced security: you can be confident that your documents will make it to the right people with security controls including automatic independent verification.
Workflow tracking: easily track who has opened, signed, or approved a document, and who is holding you up. You’ll have a complete paper trail of who viewed the document and when, without the actual paper!
Save money: all of these benefits add up to big cost savings for your business, from reducing paper and printing costs, to reducing the amount of time it takes to sign and collect payment from new clients.
We can help
As a DocuSign partner, we can provide the complete e-signature solution together with our market leading DMS integration solutions. Blue Car Technologies’ product portfolio is based on enhancing the function of iManage Work, OpenText eDocs, NetDocuments and Worldox Document Management System. Integrating DocuSign APIs to allow seamless electronic signatures within a document management environment.
Learn more about DocuSign and our DMS integration products. You can book a demo to see how we can help accelerate your business into the digital world.