Top 8 Reasons To Consider Online Contract Signing

In today’s digital world, becoming paperless is one of the technological trends adopted by most businesses. It also means that wet signatures are becoming outdated in the business world. As an alternative, many companies and organizations are switching to electronic signatures to keep up with several commercial transactions across different sectors in the market. This innovation has made online contract signing an indispensable part of business operations these days.  

However, if you’re still unsure about considering online contract signing, below are the top eight reasons to finally consider: 

1. Safer And More Secure  

Online contract signing gives your business a better level of safety and security. With some data security measures associated with electronic signings, you can ensure that the signatures aren’t easily counterfeited. For instance, with security features like cloud-based encryption and assigned access roles, you can guarantee safe access and protect the identity of the signatures. Consequently, you can make all contract signings more transparent and highly valuable.  

2. Saves Time And Energy  

Another reason to consider digital contract signing is to save time and energy. Unlike paper signatures, electronic counterparts are more efficient because you don’t need to wait long before contracts and other paperwork are signed. With the online signing, you can get all the documents signed in just a couple of clicks. For example, suppose you’re running a business in the insurance industry. In that case, the electronic signatures from companies like jSign.com and other innovative tools allow you to make sales round the clock from the comfort of your home. Also, you can ask a specific client to sign a contract using an electronic device, regardless of their whereabouts.  

3. Perfect For Record Keeping  

If you don’t want your contracts and other essential documents to get lost or misplaced, then considering online contract signing can be an excellent idea. Compared with paper contracts, digital ones can help you facilitate better record-keeping. It lets you organize all your documents in one location without any hassle. Instead of searching through the paper files for a couple of hours, you can make locating a company’s contract much easier and faster with digital contract signing.  

4. Takes Advantage Of Widespread Integration Of Business Tools  

Most technological advancements nowadays can make business operations much more convenient. These operations also include transactions involving contract signing. Typically, electronic signing can be a good idea if you want to take advantage of other business tools.  

Most electronic signing software is integrated with some business solutions, including planning tools, recording tools, decision-making tools, and other management solution tools. With these things in place, your team can send, sign, receive, and manage contracts digitally, making the document management system more seamless.  

5. Affordable  

Using online contract signing can be more affordable than traditional paper signing. It can help lower your company’s operational costs. Instead of buying paper supplies, paying money for travel or shipping costs, or creating a storage space, you can save money using an electronic signing tool to sign contracts electronically. Consequently, you can avoid unnecessary expenses.  

6. Minimize Errors  

The traditional contract signing can be susceptible to human errors, making it a costly process. For instance, a single mistake in the contract might mean repeatedly doing the signing process, resulting in a waste of time, money, and effort for all the parties involved. This is one reason why online contract signing is one of the best options for your business.  

With the electronic signing, you can automate and validate everything, which reduces the likelihood of errors in the process. For example, if you see some typos and other mistakes, you can correct the problem efficiently and quickly.  

7. Environmentally-Friendly  

With paper contract signing, you’d probably spend tons of paper and printer ink. Unfortunately, the continued use of these things might have an adverse impact on the environment. Hence, if you want to make your business green, using digital contract signing can be a great solution. With it in place, you can reduce the need to cut down trees to get contracts printed, saving Mother Nature in the long run.  

8. Make Clients Happier And More Satisfied  

Entering into agreements with your clients can be daunting if everything isn’t streamlined. For example, paper contract signing might be inconvenient as they need to spend time going to your office and signing the documents personally. This setup might not be suitable for their busy schedule, which, in turn, discourages them from doing repeat business with you.  

Due to this inconvenience, it might be best to use online contract signing for all your commercial transactions. That way, your clients can check and sign the contracts from the comfort of their home, with only a few clicks and at their own pace. As a result, they become much happier and more satisfied with this aspect of your business.  

Bottom Line  

Generally, the digitalization of business processes plays a crucial role in accelerating trade among various business sectors. Therefore, if your business involves entering into contractual relationships with several parties, using online contract signing would make a lot of sense. By keeping the information mentioned above in mind, you’d have all the reasons to believe that electronic contract signing is beneficial for your organization’s growth and success. 

Dragan Sutevski

Posted by Dragan Sutevski

Dragan Sutevski is a founder and CEO of Sutevski Consulting, creating business excellence through innovative thinking. Get more from Dragan on Twitter. Contact Dragan