eSignature or electronic signature refers to a method through which businesses can sign documents digitally. Many apps offer this service, which helps in cutting down costs and reducing the processing time. Also, your clients can provide their signatures as well as send documents on the go.
The use of eSignatures is gaining traction in many organizations since it is an alternative to paperwork, and as your business grows, you can tap into its benefits. However, before you get into it, there are some things you need to know. Here are the different scenarios that small businesses can make use of eSignature.
Signing sales contracts
As a business owner, you may need to sign contracts at some point in time, regardless of the size of the business. Sales contracts are legally binding when they have signatures on them. Luckily with eSignature, you do not have to go through all the pesky legal hurdles with every client.
An eSignature is legally binding and can also help prevent fraud since it is not easy to forget. Thus, this eliminates the need for physical papers, and you can sell your products or services without any flaws.
In addition, it allows for easy execution of sales agreements, and deals close much quickly. Even when there are multiple agreements across various locations, you will still be visible, allowing automation and integration with multiple systems.
Executing a purchase order
A purchase order is a document that includes items and their respective prices. It is also an agreement with vital information such as intellectual property, scope, and shipping agreement. These are binding elements, and the seller and buyer would like quick execution.
For a small business, you can use eSignature for an efficient process protected by a high level of encryption. Click here to kick start your eSignature journey and simplify your business processes.
Vendor agreements
As your business grows, managing various relationships and coordinating the procurement process cannot be easy. Sometimes, you may have many suppliers of materials located in various locations, and paperwork processes can be tedious.
Order processing
If you are in the service industry, your customers may issue orders for what they need to be done. They may want to make minor adjustments that can be troublesome with paper processes like it always happens.
An eSignature simplifies the entire process since everything is done electronically, and customers can request changes any time before the order is processed. Also, you can have an audit trail of the entire process in case you need to refer to something.
Signing real estate contracts
You will find that paperwork contracts can be bulky if you are in the real estate business since they comprise valuation reports, ownership documents, mortgage documents, and property tax returns. In addition, it gets complicated when you are dealing with multiple clients. Many paperwork can drag the entire process and affect the sale rates when selling a property.
Signing customer forms
Also, you can use eSignature to sign customer documents, especially where you need to generate a lot of forms. It helps in saving on the cost of printing many forms and time too.
You can have shareable documents that can be sent to many customers with a single click. Customers can then review the forms and send them back to you.
Employee recruitment
Employee hiring is associated with many paperwork and may involve signing contract forms, insurance forms, and banking forms. These documents can be bulky for the HR department, and the business can use eSignature to facilitate easier signing. It also helps in fast-tracking processes and saving time during the onboarding process.
Final Thoughts:
eSignature is the way to go for any business keen on simplifying the internal processes for the benefit of employees and customers. It eliminates the hurdles that come with handling paperwork and saves time and money. You can try out eSignature for your small benefit and enjoy the above benefits.
