The consent behind adding a signature against a document is still the same as in 3000 BC; proof of identity and intent. It was simply a handwritten depiction of someone's name nickname or any symbol. Now fast forward to the present. Today a signature has more significance than in its entire history. We use the signature as one's identity and use it in almost all of our legal and correspondence documents. The demand for signatures as a customary verification procedure created the need for the first signing machine. To make the process easier for people who had a large number of documents to sign.

But this was just the start of a new revolution. Technology advancement further contributes to making the process handier which was remarkable. With cloud storage it was time to give the signature process a new definition. And in no matter of time traditional printing copies of signature were taken by cloud signature storing process.

What is an e-signature?

Electronic signatures or eSignatures can be legally enforceable for a variety of purposes. It enables us to provide consent or to provide approval on the contents of a document. eSignatures include an individual's name cursive signature or impression on an electronic screen. These are also used for cross-verification as digital identifiers to ensure that a document is definitely what it suppose to be.

These ways can show you how e-signature innovation has brought a revolution in documents verification:

1. Quick and effective: When we have to sign the document first we have to get it printed on paper. After that you have to sign it with a pen. It helps to get your paper/document signed without making any effort. You may email the documents to the persons who will be signing them to get them e-signed.
2. Security: Using an electronic signature ensures that everything is secure. It also removes the risk of modification and fraudulent document doctoring. E-signature service is generally could-based and offers you multi-layers of firewall protection.
3. Cost-effective: On average to print mail store and locate a document can cost USD 25. This is where SignNow e-signature has again assured advantage to customers over traditional methods. Moreover it cuts the cost associated with document handling. Often the recorrection cost of documents has compared to be four times more.
4. Accelerate revenue: Over a decade e-signature benefits over paper-based signatures have spread like wildfire in the world. The removal of data entry mistakes and annoying manual tasks that can slow down sales is arguably the biggest benefit. Up to 82 percent of contracts can be finished with an electronic signature in under a day and 50 percent can be finished in under 15 minutes. This not only helps organizations save crucial time but also enables them to recognize revenue more quickly. With an average revenue acceleration of 7.5% electronic signatures also offer a stronger return on investment than paper-based ones. Because of these factors it is obvious that electronic signatures are the future.
5. Boost efficiency: E-signatures are designed with algorithms to integrate with the document quickly. It ensures that the document has not tampered after it was signed and identifies the signer. Therefore e-signatures are legally been introduced in many jurisdictions. The time and money saved by employing e-signatures can be significant. It reduces the time spent on administrative activities by automating the process of sending documents. You can reduce the amount of time spent on administrative activities while lowering the possibility of errors. Further the real-time monitoring information can aid in avoiding delays caused by chasing down late signings. As a result digital signatures can provide a significant return on investment.
6. Increase global compliance: The digital world is rapidly evolving and firms must stay up to date to remain competitive. E-signatures are a key element of doing business in today time. You must look for software providers who adhere to the EU's eIDAS regulation. Some top e-signature providers assure you of Canadian US European & global security regulations with PIPEDA and GDPR. A genuine e-signature platform develops and stores a strong audit trail that is both legal and enforceable limiting your organization's legal liability. Further by decreasing paper waste and eliminating the need for printing and mailing charges SignNow e-signatures can save your business time and money.
7. Reduce environmental impact: Businesses that still have manual paper-based contract signing procedures waste paper a lot. Documents that don't have electronic signatures must be printed signed scanned and returned. Finished papers must be archived or destroyed. Printing is unnecessary with an electronic signature which minimizes waste and paper usage. There is a significant cumulative environmental impact. The typical office work has used 10000 sheets of copy paper since 2000 which is the same as cutting down 50 trees annually. Electronic signatures are not only more secure but also more effective and are beneficial to our environment. Physical signatures are vulnerable to forgery and theft at least with digital signatures you can avoid such deeds. Digital signatures used by businesses will result in saving time cost and money.
8. Increased customer satisfaction: Customers need quick practical and technologically advanced experiences. From instant loans to document verification e-signature has fast-track the process. For a seamless digital experience agreement procedures must be improvised e-signature is the way. It also helps clients customers and workers to engage with the document in real-time from anywhere. The digital signature can be used as a standard in court as a legal document. The best part about digital signatures is that they enable you to sign contracts while remaining seated at your workstation.

Why not adore it? Using electronic signatures can help you increase customer satisfaction. PandaDoc is a software company that provides you with a free eSignature service. You can sign in to use PandaDoc services for free. Also a paid version is available for a smooth workflow of the documentation.

Conclusion

There is never a one-size-fits-all solution. Thus it is crucial to keep in mind when searching for the finest digital e-signing software. Keeping business liabilities in mind like paper costs security and budget helps to find better options. So that they can use the appropriate technologies.

We can use the correct tool for document management systems. This helps a corporation or company might take advantage of the majority if not all. These tools can become a helping hand for the growth and success of the company.