The pandemic has accelerated the digital transformation plans for many government agencies and businesses, and e-signatures have emerged during this time as an essential technology that can help maintain business continuity while enabling the digitization of processes that have long remained manual and paper-based.
Because e-signatures are recognized as legally binding, businesses even in heavily regulated industries such as financial services can feel secure adopting this foundational technology to enable the remote signing of legal documents and further propel their digital transformation plans.
When combined with digital identity verification and biometric technologies, e-signature solutions can even reduce incidents of fraud by ensuring that the person signing the document is in fact who they say they are.
With e-signatures being processed entirely online, there is no need for manual paper documents to be signed or transported.
Instead of spending time on manual paper processes, such as editing errors or rewriting, e-signatures free up employees’ time, allowing them to work in a more effective and valuable way, whether it’s building customer relationships or conducting other business for the organization.
Customers today expect digital services from the businesses they interact with, and they desire greater convenience rather than spending their time printing or signing paper documents.