Not eSigning? These ROI Opportunities are Passing You By

esign

Have you been wondering what a full and fervent embrace of digital documents and eSigning might mean for your business?

Here are some important questions to consider when weighing your options:

How much time do your teams spend chasing down signatures and locating misplaced documents?
Time is money. With eSignatures, skilled sales and customer service professionals can up their output by reducing administrative work and increasing time spent on revenue-driving activities, such as relationship-building and lead discovery.

How could you expand your sales online or through more of a self-serve model?
Take your business further. The ability to complete a 100% digital transaction can increase your reach into new markets. Giving customers the option to buy instantly via web and mobile channels also creates a more compelling experience.

Would a more streamlined process improve your current conversion rate?
Convert customers faster, and earlier. Relying on paper to collect signatures represents a huge time suck for you and your customer. Streamlining with a digital signature solution could have an enormous impact on your conversation rate, and even spur early adoption of your service or product.

If you could eliminate paperwork errors, how much of a savings would that represent in regards to wages and opportunity cost?
See the error of your ways. By default, manually processing paperwork leads to errors that create inefficiencies and add costs. Incomplete or incorrect documents need to be re-mailed, re-faxed or couriered back to the customers for updating. The workflow rules and automated processes built into digital documents and eSignatures significantly reduce document errors – and make it quick and easy to correct them.

What exposure does your business have to compliance regulators, and what kind of financial risk comes with a negative audit outcome?
No more risky business. Digital signing allows tighter workflow rules that ensure proper processes are followed for information completion and approval gathering. They also provide detailed audit trails with timestamps that can be extremely helpful in satisfying inquiring regulators.

How much space do you need to archive your documents, and how much time is spent organizing them?
Manage your history. Archiving paper documents takes a lot of space, and some industries require organizations to retain them for long periods of time – over 50 years in some cases! And with large volumes of paper, manual archiving can quickly become disorganized. Digital documents offer a variety of easy archive options for both long and short-term use cases.

How can you reduce your paper and electricity consumption by eliminating photocopying and printing?
Less waste, more space. Eliminating paper from signing workflows can make a significant impact on an organization’s environmental and conservation efforts. Most companies have formal sustainability initiatives, and cutting out printing and physical filing can be a big win for the cause.

Want to learn more about electronic signatures and the potential ROI they provide? Download our eBook, eSigning 101: What, Why, When and How for a comprehensive look at this business-driving technology.