Legal departments and companies play a significant role in managing contracts and other important legal documents. However, these departments have always been under tremendous pressure to improve their efficiency and save time for the company. According to a study, about 83% of the total companies think their legal departments do not perform as the management wants. Although the experts have suggested numerous ways to improve their performance, using digital signature online is the best technique to address the operational performance of the legal departments and reduce costs.
Here, we want to claim that replacing wet signatures with electronic signature online apps has changed the whole concept of documentation. Businesses have enjoyed numerous benefits of using the best online signature app. However, we will discuss only the top-6 benefits that we think are the most critical advantages for a business.
So, let us start discussing it!
You can allow your business to move forward consistently.
- After the Covid-19 Pandemic, using E-Signature online app has become essential. The reason is that the businesses can now push their businesses forward by executing the contracts more effectively. The reason is that creating contracts by using pen and paper is a slow process as the stakeholders can be at various locations. In this way, the documentation can be unsustainable, and moving from one contract to another can slow down overall performance.
- When we create customized contracts with the help of the digital signature online app, the execution becomes convenient because the signers at different locations can sign the documents without appearing physically. It helps organizations complete multiple contracts within no time.
Quicker and timely completion of the signing activity
Previously, the companies were taking a lot of time in executing the agreements. With the help of electronic signature online apps, we can complete the agreements in hours if the time before the best e signature app consists of days. And if your organization was completing the agreements in weeks, you can now execute the process in days. In this way, the companies can minimize the turnaround time, which means timely completion of the contracts. So, you can improve your overall performance with the help of a digital signature online.
Reduced costs with no time-waste
- With electronic signature online apps, you do not need to bear courier costs that you used to face while getting the signatures from those that are at far-off places. More interestingly, the legal teams can deal with several contracts simultaneously without wasting time in reaching a particular signer to get his signature.
- Additionally, you can save hundreds of dollars, which you were spending on buying papers and pens, printing, scanning, preparing, and sending contracts through courier services. Furthermore, you can engage your employees in more productive tasks when you know that your documentation can be completed digitally.
Get real-time status updates.
- With conventional agreement processing, you do not know what is going on with your contracts because you are blind factually. The reason is that you do not get real-time updates about when the signer will sign the documents and send them to you.
- On the other hand, digital signature online apps allow you to get live updates. In this way, you have the information when a stakeholder receives the document, read it, and sign. You immediately receive a message whenever someone tries to change the content. It means you get real-time updates and improve the security of your contracts. In this way, you can minimize the access of unauthorized individuals and parties to your sensitive and confidential contracts.
You can minimize the chances of fraud by increasing security.
- Mostly, contract management software provides us with numerous options to keep our contracts protected against any unauthorized access. It simply means that digital signature online apps can safeguard your documents against unauthorized access, which can be a concern for a company. With an electronic signature online app, you can develop an extra layer of protection when you want to keep your sensitive and confidential documents away from all.
- On the other hand, when you take prints, scan the documents, or send them through courier, there is a chance that someone can get access to your important documents and private information. With the best online signature app, the chances of a breach can be reduced greatly.
Much improved signing experience for all stakeholders
As described earlier, using digital signature online solutions means a more convenient signing process compared with the conventional documentation process. We have been using documentation with pen and paper for decades. Now, adopting electronic signature online apps gives a new experience to all signers. They feel more confident because of new technology in their hands. More importantly, all stakeholders can complete the signing process in a hassle-free environment. Everyone is informed about the status of the contract and can learn when the contract will be finalized. In this way, the performance of your legal teams will also be improved tremendously.
Author Bio
Sally Hickman Green is a 30-year-old who enjoys blogging for Electronic Signature Online, internet marketing, and social media marketing. She is inspiring and generous in blogging. She has a post-graduate degree in Computer science.
