Electronic signatures can be inexpensive and easy to implement with the right solution. Some organizations tend to overlook e-signatures as a viable way to improve productivity, mitigate risk, and support digital transformation initiatives. But if you keep ignoring them as a crucial component, you might be losing out on enormous opportunities. Studies and customer experiences demonstrate that organizations can achieve the following by switching to e-signatures.
- Transform eight-day sales cycles into three-hour ones
- Increase revenue by more than 35% while cutting costs by about 30%
- Improve hiring and onboarding significantly—in some cases, processing new hires could take 80% less time
Here are a few of the main arguments for why e-signatures are crucial to any organization’s efforts at digital transformation.
Increase sales
According to a different Aberdeen Group study, e-signatures cut the typical sales cycle length by an 8-fold margin.
Simplify processes because the paper is costly, time-consuming, wasteful, and dangerous. It makes processes more difficult throughout your entire organization. With e-signatures, you can digitize and automate important business workflows. E-signatures offer consumers – whether they are employees, or anyone else in your ecosystem – a much smoother, faster, and more digitalized experience.
Boost productivity
E-signatures significantly boost productivity by empowering sales and streamlining processes. A typical organization would save 49,000 worker hours over a three-year period and 2.5 hours for each new hire by signing onboarding documents online, according to a Forrester study.
Reduce risk
Adobe Sign, a market-leading e-signature solution, complies with all essential regulations regarding compliance, security, and data protection. E-signatures provide you with an audit trail supported by secure procedures, certified final documents, and certification verified by trust service providers (TSPs).
Modernize your workflows
With Adobe Sign, staff can quickly use web and mobile applications and leverage e-signature technology with the tools they already use for work, like Microsoft Office 365, Salesforce, and Workday. All these important platforms are seamlessly compatible with Adobe Sign, which can typically be set up and running in a matter of minutes.
Transform your culture
In today’s world, IT consumerization refers to providing a digitized experience that is quick, simple, and hassle-free to your employees, clients, and partners. Organizations must change if they don’t want to fall behind as the workforce ages and increased roles are being filled by digital natives.
Accept the future: Fax and copier machines are no longer representative of the modern workplace and are progressively becoming obsolete. Every business leader must deal with the necessity of digital transformation every second of every day.
Conclusion
It’s easy to fall for the hype surrounding digital transformation and think that it will only occur in the future. It’s not. Everything is at this moment. Any industry can be examined to see how businesses that have undergone digital transformation are altering how things are done.
A vital digital best practice can be adopted by any organization using e-signatures without requiring it to go through a full digital transformation process. Using Adobe Sign can simplify, secure, and hasten the transition to electronic signatures.