Top 5 Business Benefits of Using e-Signature
With digitalizing a contract being the easiest and fastest to begin with, let’s look at the top 5 business benefits of adopting e-Signature for your organization.
Top 5 Business Benefits of Using e-Signature
A modern workplace is one that supports both in-office workers and remote workers alike. Business processes and work culture have shifted to adjust to a modern workplace approach because of the COVID-19 pandemic. The short-term disruption of transforming physical work processes has brought about long-term changes to how the world does business. With digitalizing a contract being the easiest and fastest to begin with, let’s look at the top 5 business benefits of adopting e-Signature for your organization.
1) Greater Workplace Collaboration
With 60%1 of people wanting to work flexibly after the COVID-19 pandemic, it’s crucial for organizations to consider long-term digital transformation plans to support hybrid workplace collaboration. e-Signature helps teams move projects seamlessly by enabling employees to conveniently share documents and get approvals easily from colleagues and third parties.
Getting a document signed can be done within seconds with FUJIFILM Business Innovation (FUJIFILM BI) e-Signature solution.
- Simply upload your document onto our e-Signature platform.
- Drag and drop the signature, text, and date fields onto the document.
- Click send and the recipient will receive an email with a link where they can access the document and sign from their phone or computer instantly.
By approving agreements faster, organizations improve global business process visibility.
2) Better Relationships with Customers
B2B (Business to Business) sales is more complex than B2C (Business to Consumer), however, 80%2 of B2B buyers expect a buying experience similar to a consumer. With FUJIFILM BI e-Signature solution, customers can sign documents quickly and experience a seamless customer journey regardless of location, time zone or device. For customers that require real-time access to documents, organizations can easily connect the e-Signature solution to their intelligent management system to let customers sign documents instantly.
Besides accessibility, our e-Signature solution can also be customized to set the signers in accordance with the customer’s organizational approval flow. According to a report by McKinsey, higher client satisfaction scores result in 15%3 revenue growth, cost 20% lower to serve and an improved relationship with customers.
3) Increased Convenience for Everyone
In today’s world, modernization and mobility have accelerated e-Signature adoption. Customers enjoy the convenience of signing a document immediately using their mobile devices. The responsive signing feature adapts document formatting to any device’s size and orientation so that customers don’t have to pinch and zoom a PDF when accessing agreements.
Organizations can easily track who has opened, signed or approved a document with e-Signature workflow tracking. Access a complete certificate of who signed, where and when they signed from mobile phone. Best of all, the sender gets to collect signatures and approvals of multiple documents at one go without having to travel physically to the customer’s workplace.
Once e-Signature is integrated with an intelligent management system, organizations benefit from the ease of having a central document repository. Employees don’t have to waste time searching through different folders on the computer, all their contracts and documents can be easily retrieved on one platform.
4) Accelerated Return-On-Investment
FUJIFILM BI e-Signature solution eliminates frustrating manual processes that slow down the sales cycle. Up to 50% of e-agreements can be completed in less than 15 minutes. This simply means a shorter waiting time and more time to act.
90% of agreements are still prepared manually. The hidden costs associated with human error (cost up to 4X as much)4 can be eliminated with e-Signature thus improving business ROI. By reducing the assets tied up in outstanding sales, payments and inventory negotiations, organizations can move from contract to revenue faster than before.
5) Risk Reduction
Sending agreements via email is one of the most vulnerable ways for cyberattacks, yet 80%5 of people have sent a contract via email. FUJIFILM BI e-Signature solution significantly reduces cyber, operational and supplier risks.
e-Signature’s robust workflow feature enables business users to document the contract review and signing process. The controls access feature guides signers throughout the entire signing journey. This helps them acknowledge and understand what they are contractually agreeing to. In addition, storing contracts digitally also reduces disaster recovery risk.
e-Signature drives value for both customers and employees in an organization across sales, HR, legal and procurement teams. The ease and convenience of e-Signature provides all stakeholders with connected, digital experiences necessary for businesses to scale. e-Signature does more than just signature collection. It integrates seamlessly with other business systems and takes away manual work. This enables your business operations to run more effectively and efficiently – faster than before!
Take advantage of FUJIFILM Business Innovation e-Signature 30-day free trial now!
References
[1]https://www.weforum.org/agenda/2021/07/back-to-office-or-work-from-home-survey/
[2]https://www.convinceandconvert.com/customer-experience/buyers-expect-real-time-interaction/
[4] [5]https://www.docusign.com.au/blog/9-ways-esignature-drives-roi