Switching to digital signature: Yes, or No?

During the last couple of years, we’ve witnessed the rapid adoption of digital signatures. A P&S Market Research, forecasts that the global digital signature market will reach $2,934.6 million by 2023, growing at a CAGR of 24.1% during 2017 - 2023. This can only mean that more and more companies have already started to recognize the power that E-signatures can deliver. Probably, one of the most important benefits a company could enjoy from adopting digital signatures is increased security, which you probably know is a hot topic nowadays. So, back to going digital, let’s see what other advantages E-signatures bring:

  • Cost savings and improved efficiency – Using e-signatures means no more printed documents, no more ink consumption, and no more couriers. The signature process is extremely simplified. You just have to add a signature field, and send it to your manager or whomever needs to sign the document. Moreover, giving the fact that the entire process is digital, the documents will arrive in the right hands in a matter of seconds.

  • Increased security and compliance – As mentioned above, security is number one priority for managers all over the world. Using digital techniques, such as e-signatures, you will be able to have a clear overview of each document’s audit trail. Moreover, a digital signature is impossible to be forged, as it usually requires multiple authentication factors.

Digital signatures are a very useful tool if you want to save time, money, and effort. With this in mind, would you switch to e-signatures? Yes, or no?

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