e-Signing: The Future of Business
August 6, 2020
COVID-19 has had a genuine, serious impact on the way we go about our day-to-day business interactions. e-Signing takes out the need for physical interactions for signing as well as the need for the changing hands of physical documents, keeping both you and your business contacts safer.
What is e-Signing?
e-Signing is the umbrella term for online applications that enable individuals and organisations to fast-track the signing process by allowing users to create a digital signature.
Applications such as AdobeSign, PandaDoc, SignNow and DocuSign allow companies and individuals to cut down on precious time and save money by cutting down on paper costs as well.
Apiary Financial have been using DocuSign for years
Chasing your clients for hand-written signatures becomes a thing of the past with e-Signing. Simply, set up the document and your e-Signing application will send out an email from a custom template to the recipient with a link to the document to be signed. DocuSign has reported that their process is 80% faster than printing, faxing, scanning and overnighting paper documents [i]. With 83% of eSignatures completed in less than 24 hours and 50% within 15 minutes, DocuSign is a great time saving application.
Benefits of e-Signing for businesses
e-Signing is a vastly growing industry that continues to adapt and change to its surroundings. This means that there is still new features being added, further increasing the value of the application.
- Legally binding
- Faster rate of return of documents
- Sign anywhere, anytime
- Track documents in real time
- Reminder automation
- Improved data integrity
- Potential savings cost (printing/postage)
In addition to the traditional benefits of e-signing, applications provide a number of other benefits such as:
- Audit Trail
- Authentication
- Auto Reminders
- Customizable Templates
- Document Analytics
- Mobile Signature
- Multi-Party Signing
- Task Progress Tracking
Is signing online safe?
DocuSign boasts an array of certifications that prove it is one of the safest eSigning companies in the world. In fact, DocuSign has the highest level of global information security assurance available, and is trusted by banks, governments and healthcare professionals all over the world.
What kind of businesses use DocuSign?
DocuSign suits all businesses large and small, from banks and governments to small businesses. There is a variety of options available for businesses, at the time of writing, prices start from $21/month and you can even create a tailor made plan by contacting customer service if you require advanced solutions.
Sign on the go
Not only does DocuSign have an app for your phone where you can sign and send documents, they also have 24/7 support and conduct training sessions both in person and online to assist with their program.
On top of the constant support and training that DocuSign offer, they also offer a free 30 day trial to see if it is right for your business or personal use.
e-Signing for a greener, cleaner future
As we head towards a greener society, the use of emails and online applications that take away from our carbon footprint are becoming more prevalent. The use of e-Signing applications is very beneficial by using less delivery services and therefore helping towards a greener future.
Keeping it online
Much like Xero and Hubdoc, DocuSign saves money by taking the physical paperwork out of the equation. On average, $51AUD is saved in both time and materials per agreement that is signed using DocuSign [i].
DocuSign can also be set up to send reminders to clients regarding unsigned documents, saving you even more time, effortlessly.
Want to know more?
Apiary Financial has used DocuSign for eSigning purposes for years. Contact our friendly team on 07 3217 2477 to learn more about the potential benefits of DocuSign for your business .