With the signing of the Electronic Signatures in Global and National Commerce Act (ESIGN) in 2000, companies now have a better and more efficient way of doing business. This will help you cut down on costs and increase your company's profits.
You may not know it but you are wasting your workforce's efforts as well as company money by sticking to the traditional way of doing business. Doing things the old way (i.e. documenting and processing papers manually) have and are continually costing you tons of dollars. After reading this article, you will understand what I am talking about.
Twenty years ago, fax machines have been able to make business more productive. The delivery of time sensitive documents and contracts that needed signatures of high-ranking executives was efficiently handled by fax machines. It has expedited business operations, saving time and money. If you have a contract that needs someone's signature in five minutes, you will be able to close the deal and get your boss to praise you with the help of the fax machine.
Even up to now, we utilize these handy office equipment to take care of a lot of things. However, there are some documents such as contracts that require careful scrutiny. One has to be sure that the signature in the contract is from the right person. The question of validity was suddenly an issue. This is understandable because no one can really trace if the content of a document sent through fax machines are legit.
This is where the ESIGN act comes in. Signed on June 30, 2000 by President Bill Clinton, this bill established the validity of electronic signatures in commerce. Now electronic signatures can become one of the most effective and helpful tools in business as it can save your company lots of money, not to mention time and effort. Take a deeper look at the benefits of e-signatures:
Saves money. You will no longer have to spend thousands of dollars on papers since all or most of the transactions in your business are done online. Your contracts, application forms, etc. can all be done through the Internet. You also don't have to spend more on courier services. When you need some documents delivered via high priority, you are charged higher. You will be able to avoid all of these when you switch to electronic signature services. Such firms will take care of transferring your activities from paper to online.
Saves time. When you switch all your activities online, you will be able to speed up the task. Manually processing papers, contracts, forms, and other documents are so time consuming. When you have more time in your hands, you will be able to move on the other tasks. Wouldn't it be nice if you no longer have to waste time waiting for a document to be delivered by your company messenger?
Saves effort. How would you like to still be feeling energized even after doing all the tasks assigned to you? The traditional way of doing business will not allow you this because there are a lot of unnecessary tasks you need to do first unlike when you switch to electronic signature technology. When you have all the work done online, you really don't have to exert much effort at all.
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