Despite the size and industry, it is in; every business is looking for ways to save money and increase revenue. One of the most important activities carried out by businesses worldwide is producing papers and signing important business documents each day. Most businesses nowadays are done across borders and overseas. It has not been easy to sign off important documents and complete business deals by using traditional ways of signing. With technological advancement, there is an introduction of electronic signing software, specifically digital software that makes it easy to sign most important documents and transactions online. There are several benefits that a business can acquire after adopting the digital signature software. Below are the advantages that your business will acquire after adopting digital signature software:
Minimize Costs
Direct costs associated with paperwork include; the cost of paper, ink or toner, printer purchases and maintenance, and the shipping cost. Your business usually spends much on the above-fixed cost. Switching to a paperless process greatly helps your business to experience both direct and indirect savings. Some of the indirect costs that will be saved by shifting to Enplug Australia, digital signature software include; tracking down contracts that have been lost in the email or searching for lost documents. You will also save on the time that you’d have used in filling documents and rekeying data. It, in turn, helps to increase the business’s return on investment.
Increase Security
With paperwork, to secure your documents, you will have to put them in a locked file cabinet. The file cabinet can also be placed in a locked room. Although, it is easier for someone to break in and interfere with the documents despite all the precautions. With digital signature software, you can safeguard your important documents with the highest level of document security. Each signature is protected with a tamper-evidence seal, which sends you an alert if any part of your document has been changed after signing.
Improves Customer Relationships
Since most individuals are doing most of their business transactions online, they expect businesses to have an advanced digital system to help conduct their business smoothly. Not all individuals would like to take long to complete any transaction. The faster the business transaction, the better the customer-business relationship. Enabling your customers to sign contracts wherever they make your business add value to your business. Since it makes it easy for various customers to do business with your company.
Speeds up Contract Turnaround
Since it is much easier and faster to sign documents online, it is possible to experience faster contract turnover. It will be easier and quicker to execute contracts that have several signatories. After the first person signing the document, the electronic signature software will automatically get it to the next signer in the workflow. It will therefore enable you to sign the documents in minutes; something would have taken days. Speeding up contract signing turnover will help speed up sales cycles, thus faster pay.
You can Track Your Progress
Wondering whether a person who is supposed to sign a document has signed or not can be very frustrating. If you sent a fax, you could even wonder if your fax did get through in case the person hasn’t replied to it. With Enplug Australia, digital signature software, you can track your document in your dashboard. There is some online software that will also send you an email in case you have forgotten to sign.