In an age dominated by digital innovation, organizations are constantly looking for ways to drive competitive advantage. Whether it’s by reducing costs, increasing productivity, or adopting new technologies, organizations must stay at the forefront of these innovations in order to thrive. In a recent article by Denis Pombriant, Principal Analyst at Beagle Research, he states “Disruptive innovations change our lives for the better. They expose long-standing needs and signal that there’s a solution at hand.”
A Digital Workflow Without Electronic Signatures is Less Efficient
With this potential for improvement in mind, it’s unsurprising that electronic signatures are quickly becoming the new standard for growing organizations.
While once viewed with uncertainty, electronic signatures are now a legally acceptable form of signing, thanks to recent global legislation spanning from the United States to the EU. In reality, the world-class security and compliance of today’s eSignature tools make them often more secure than paper-based signing, while employees and customers love the ability to eliminate inefficiencies like printing, manual signing, and scanning.
Yet research shows that 65% of signatures are still “wet” (aka manual), and a full 51% of printing costs are just to sign a document. A deeper dive into the numbers reveals why: Less than 15% of employees have access to an eSignature tool. With so few knowledge workers equipped with eSigning, it’s no wonder most employees are restricted by antiquated signing processes.
Why are so few workers equipped? The short answer—traditional eSigning can come at a cost. Originally designed to support complex workflows for niche needs, many available eSignature tools are accompanied by a hefty price tag. But the intended purpose and business needs have evolved—and so have available tools. No longer limited to specialized processes, eSigning has become an expectation among employees in every department, while the new generation of affordable, scalable tools can empower enterprises to finally achieve this goal of “eSigning for All.”
In Nitro’s latest eBook, “Sign of the Times: eSigning for All,” we discuss the most common benefits and blockers of organization-wide eSigning. Even more importantly, we dig into actionable ways that IT departments can break down these barriers to extend eSigning to every knowledge worker within their organzation.
Electronic Signature Benefits
Some organizations have already begun to reap the benefits of digital workflows and eSigning for all—from accelerated sales cycles and cost savings to reduced printing and happier employees and customers. With such tangible benefits at hand, end-to-end digital workflows have already become the gold standard for proactive, strategic businesses.
It’s time to examine your business for any cumbersome, antiquated paper-based processes that may be clinging to daily workflows, and what better place to start than electronic signatures?