Signing documents is a sluggish, yet essential process for all businesses. Getting a document signed physically can be a challenging task. You may have to visit the person and wait for them just to get a signature. Even if you fax the documents to get them signed, it can still take time to get the job done.
What is an electronic signature?
An electronic signature is the digital form of the manual signature. It enables users to use a secure signing transaction with better user authentication. The documents signed digitally are more secured and tamper-proof.
Supplier and vendor agreements
Negotiating with vendors can be challenging, and the agreement should be locked down at once to avoid any problems later. Traditional signing can be a delayed process in this case. Using an electronic signature, you can finalize the deal in one click.
Customer approvals
For a company dealing with customized goods, getting customers’ signatures are important before producing the product. Using electronic signatures for getting customers’ signatures in this case makes it easier and faster to get the production or manufacturing started.
Non-disclosure agreements
A non-disclosure agreement lets you conduct your business with ease by providing better security. The manual signing of a non-disclosure agreement can be inconvenient and unsafe as it can get used for criminal activities. Signing these agreements with electronic signatures makes it safer as it offers better user authentication and can be done easily from anywhere.
Licensing of intellectual property and other legal agreements
Businesses like tech and real estate companies involve licensing of intellectual property and other legal agreements. Electronic signatures can be used to sign legal agreements and they make the task convenient. Most of the electronic signatures are bound with rules accepted by the court.
Sales Contracts
Sales contracts are one of the more frequently signed crucial contracts. Any delay in signing these contracts can directly affect the company’s profits. Electronic signature makes it easier to sign these contracts faster to maintain business as usual.
New customer forms
Many businesses like salons and clinics need new customers to fill out forms. Instead of going through the trouble of printing out forms and getting them signed by new customers, electronic signatures can be used.
Parental consent and age verification
Parental consent forms are used for various reasons. Be it any age verification documents or permission for a field trip, all parental consent forms can be signed using electronic signatures to make the task easier.
Change in orders
Changes in orders are quite common for project-focused businesses. In case your client makes any changes with the order in the middle of the project, you can face project holdups. These project holdups can be avoided using electronic signatures as the changes can be approved instantly.
Employee onboarding
Hiring a new employee involves a lot of paperwork and signing all these manually can consume a lot of time. All this paperwork can be taken care of with a click by using electronic signatures.
Distributor agreements
Dealing with distributors, dealers, and other such channels involves a huge amount of paperwork. It can also be quite confusing as there are a lot of agreements and signatures involved. Electronic signatures are easy to do and you can manage the documents easily through cloud services.
