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Going Digital ' With Signatures
When was the last time you had to sign a document or collect signatures as part of a larger business process? Or wait on someone else for a signature? Did you opt for the old-fashioned “wet signature” or the new-fashion electronic version?
With more than 90% of the world's data generated within the last two years, we can make the sound assumption that your inbox ' whether virtual or physical ' is overflowing. Everything around us is moving faster. Our on-demand, in-an-instant mindset has zero tolerance for bandwidth limitations and mobility constraints. Despite this, some of us are still allowing slow and inefficient old-fashioned processes to endure.
According to a recent ALM Media Survey on signature-dependent processes and the use of digital signatures, 49% of all documents are printed for the sole purpose of adding signatures. And with 47% of respondents signing documents at least four times per week, you can quickly figure out what that means in terms of wasted resources, precious time, and money. Speaking of time, the survey also revealed that processes involved with obtaining physical signatures were extended by 1.24 days on average, spelling potential disaster for time-sensitive transactions, especially those that travel globally.
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