How E-signatures can Optimize Internal Processes – a Business Case | DrySign By Exela

DrySign by Exela

Today, technology offers a plethora of options to choose from for organizations looking to be profitable while minimizing risks. Decision-makers from these organizations have the onus of making the best use of resources. However, despite the best intentions and resources at their disposal, many forays into digital ways of working fail to take off successfully. The reason is failure to truly understand a business case and how a certain technology or solution can benefit your organization and help it grow.

A business case is a project management tool that provides justification for undertaking a new project, solution, or technology. It evaluates the benefit, costs, and risks of alternative options, their impact on organizations, and their capability to deliver outcomes while also providing a rationale for the preferred solution. A business case should contain a clear vision, a solution for current challenges, a demonstration of tangible outcomes, and use cases for stakeholders to be convinced. A yay or nay can decide if the project is worth consideration in the organization’s growth goals.

Making a case for E-signatures

Electronic or e-signatures help users sign online securely using an online signature tool. Esignatures are the simplest first step to breaking out of traditional processes and embracing digital transformation. With technological advances and changing customer needs, electronic signatures can successfully help businesses ride the wave of change. Here is a Business Case for eSignatures that is bound to convince you of the monetary benefits of e-signatures and how it can help you scale, grow faster, and be more profitable.

Project Name:

Adopting eSignature solutions in an organization.

Problem Statement:

Lengthy, risky, and time-consuming manual documentation processes that affect productivity and efficiency.

Also Read: https://drysign.exelatech.com/blog/its-raining-discounts-drysign-holiday-season-get-50-all-drysign-plans

Manual document processes are neither pocket-friendly nor environment-friendly.

Several factors must be taken into account when considering the actual cost of paper-based documentation. These factors include not only the paper purchase but also printing/photocopying, distributing, storage, scanning, and disposal costs.

Companies in the US typically print 1.5 trillion pages per year — that is a 95,000-mile-high stack of paper or the equivalent of nearly 20 million trees!

Beyond the tangible costs, there are many other hidden costs associated with manual processes. For example, the loss of time, the risk of fraud and forgery, document loss or damage, and backup costs culminate into an extremely obsolete process.

Solution with Best Practices

It is evident that an online signature tool, like, DrySign, helps users sign, share, store, and access important documents in a matter of minutes, which is the solution to this problem. However, for an informed and well-thought-of decision, here are some best practices that must be followed:

Examination of the Current Signing Process
Impact of e-signature use on Business Goals
Measurement of cost-effectiveness
Encourage collaboration

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E-signatures: A Solution to Streamline the Supply Chain in Logistics | DrySign

DrySign by Exela 2023-02-13

Therefore, proper records management is pivotal for logistic solution providers to maintain their supply chains. This aids logistic solution providers in accessing the information from any location and eliminates the risk of harmful or damaged data. Read More: How Electronic Signatures Power up the Automotive SectorDigitization of the Logistics Sector The prolonged dependency of the logistics sector on paper contracts is one of the main reasons it continues to endure some of the challenges we read about earlier in this blog. The Role of DrySignDrySign, a trustworthy and reliable electronic signature solution provider, helps logistic solution providers manage their workflow. In addition, logistic solution providers can utilize eSignatures to streamline their work and focus on delivering goods and retaining customers.

10 Frequently Asked Questions about E-Signatures | DrySign By Exela

DrySign 2023-02-17

An electronic signature is a simple way of obtaining consent on electronic documents or forms. " On the other hand, digital signatures refer to the encryption and decryption technology on which an electronic signature solution is built. For example, electronic signatures have been given the same legal status as handwritten signatures under the Uniform Electronic Transactions Act (UETA) and the Electronic Signatures in Global and National Commerce Act (ESIGN) in the United States. Bottom Line: All you need is a DrySign plan of your choice and a device with an internet connection to start signing. Read more about “10 Frequently Asked Questions about E-Signatures” : https://bit.

Benefits of Digital Signatures

Joey Perez 2023-01-30

Here are some of the key benefits of digital signatures:· Increased Security: One of the main benefits of digital signatures is the increased security they offer. In conclusion, digital signatures offer many benefits over traditional paper-based signatures. Increased security, time savings, cost savings, convenience, and environmental friendliness are just a few of the reasons why digital signatures have become so popular in recent years. As digital technology continues to evolve, it is likely that digital signatures will become even more widely used and adopted. A digital signature provides the following security benefits:· Confirms the authenticity of the signer and the integrity of the signed document.

What Are The Benefits Of Electronic Signatures?

esign genie 2019-08-28

In today’s hyper-connected world, conventional methods of signing and validating documents are increasingly being overshadowed by technological advancements such as electronic signatures.

However, let’s focus on one and the most straightforward one.

Adoption of this signing technology has been on the rise for some time now, particularly when dealing with legal, business, and government documents.

Enforcing decisions, especially in an organization setting, is not an easy thing.

The time you save while using e-sign technology makes you more productive by allowing you to focus on more important assignments.

E-signatures are more legally defensible than wet-ink signatures

Electronic signatures also named as online signatures are a broader concept than digital signatures

Esignly 2021-12-21

But the concept of "electronic signature" is much more expansive than "digital signature," and there are significant differences between the two. Instead, you should examine the idea of electronic signatures as a broad category that encompasses digital signatures. Within this field electronic signature and digital signature has paved the way for this type of business change. This is why digital signatures are more secure in terms of authenticity and trust than digital signatures. In contrast an electronic signature consists made up of four kinds namely the basic signature that is electronic, click to sign signature advanced electronic signature and certified signature.

4 Best Practice for using esignature Software

Joe Karen 2023-04-19

Examine the security safeguards: Contrary to common opinion, electronic signatures are equally as secure as traditional pen-and-paper signatures. In other words, the same technology that safeguards financial transactions also safeguards electronic signatures. Most electronic signature software contains capabilities that enable you to easily construct templates for commonly used documents and then populate dynamic portions with your data as needed. Go electronic for everything Do you have a lot of "old" paperwork that consumers or clients must manually sign? Interact with customers It's easy to become frustrated when you're following down incorrect signatures or late contracts.

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