Startup Life: 5 More SME Industries Ripe for eSignatures – Part 2

Startup Life: Digital Signature Solutions for 5 More SME Industries

We’re back with the second installment of eSignature solutions for SME industries! Once again, we’re ready to prove that eSignatures can enhance any industry.

Without further ado, let’s get started with our top 5 industries:

1. Education

The education sector deals with a lot of paperwork. Schools must keep track of thousands of students and employees. If things aren’t done as efficiently as possible, this can quickly become overwhelming and completely unorganized. Digital signature solutions will make sure things run as smoothly, and efficiently, as possible. They can do so in many ways, such as providing staff with pre-built templates. Instead of creating individual documents for each recipient, staff can save a tremendous amount of time by sending out these pre-built templates. Not only will this help the staff, but it will also enhance student services and a student’s overall experience. Administration can speed up important processes, such as admission, course changes, and student loans. Moreover, the document sender can view real-time updates, and send reminders when necessary.

2. Construction

Digital signature solutions can keep projects on time, unify all parties, and manage important documents in one place. With their ease of use and instant delivery, projects will never be delayed from the unnecessary waiting and back and forth handwritten signatures bring. Moreover, since there are usually several teams involved, this can exacerbate the waiting period and make everything that much more complicated. Using electronic signatures keeps everything in one place, unifies all parties and opens a direct line of communication, through real-time updates. By sending automated reminders, you can ensure all activities stay on track.

3. Customer Service

eSignatures can drastically improve the overall customer experience. Agents can respond faster to customer inquiries, keep customer information current, and eliminate clerical errors. Using electronic signatures streamlines field support, allowing agents to acquire customer signatures faster! On the flip side, customers can sign from anywhere, anytime, and on any device— increasing overall customer value! For both parties, eSignatures makes the entire signing process easier, simpler, quicker and hassle free!

4. Finance

The finance industry is extremely paper heavy. Paperwork must be signed for virtually every transaction. As you may know, paperwork is particularly tedious, mundane and, frankly, a waste of time. eSignatures solve this problem, by bypassing traditional time delays— never miss a deadline again! For example, every document requires meticulous review, which would normally fall under an agent’s responsibility. By using electronic signatures, the software can do it for you! As such, the entire transaction and approval process would be shortened and quickened. With all this newfound free time, agents can focus their work on what really matters, their clients. Moreover, eSignatures are legally binding, and far more secure than handwritten signatures. Digital contracts have stronger transaction security and reduced opportunity for fraud. Additionally, they require signature authentication and provide users with an audit trail.

5. Human Resources  

Human resources can benefit from using electronic signatures in a multitude of ways. Ditch the paperwork, and make signing documents easier for new hires and for internal operations. You can create and reuse templates, and ensure all the required information is correctly filled in. Additionally, you can even cut the time it takes to obtain signatures in half— just imagine, no longer having to chase employees to sign! You can also keep track of all employee contracts and milestones in one safe and secure place. Through this, you can onboard, manage and transition employees smoothly— plus, it’s a great first impression for new hires!
Digital signature solutions are quickly making paper contracts obsolete and for good reason. Stop living in the past, and experience their immense benefits first hand!
Missed Part 1? Click here to learn about more industries that can be enhanced by eSignatures.

 

Looking to take your business paperless? Sign-up now and get a 14-day free trial to a Signority eSignature Plan!

Digital Signature Solutions for SMEs (Part 1)

Learn benefits for using digital signature solutions for SMEs

Name any industry and we can almost guarantee they would benefit from eSignature solutions. But for the sake of saving us time, we’ll just cover 5 industries today and the benefits of using digital signature solutions for SMEs.
eSignatures increase efficiency, security, customer satisfaction, all while saving time, money and effort. Not to mention all the environmental benefits from ditching paper!

See how using eSignature solutions for SMEs can streamline your daily operations:

  1. Medical marijuana

The very existence of medical marijuana businesses proves the traditional way of doing things is not always the best. It’s only fitting for this new up and coming industry to use innovative signature signing, eSignatures! With eSignatures, you can register new clients and patients quickly, from any location and any device. You can also better manage patient information, by using a secure and centralized storage space. Remove barriers for new client sign ups, and watch your business light up (pun intended).

Take a look at this sample Patient Application Form. This online form allows a medical marijuana business to easily have patients fill out and sign forms securely and legally. The form has its own URL that you can use to embed into a website, just like it’s done here. Using Signority eSignatures, patient data is housed and protected on secure servers. With the added security of public key infrastructure (PKI) signatures and advanced encryption, producers can ensure that prescriptions are legitimate and have not been altered. Audit trails come with each and every document and verify the signatories’ IP addresses.

  1. Insurance

By using electronic signatures, insurance firms and agents can sign more customers, faster. They can bypass traditional time delays (like scanning), drastically reduce the need for paperwork, send automated reminders to recipients, and reduce the number of uncompleted documents, accelerating the entire signing process. They strengthen collaboration between all parties, streamlining the entire process. This also improves the overall customer experience. Not only will they receive their contracts sooner, but they also have the flexibility of signing from any device, anywhere! With this in mind, nearly 9 out of 10 customers would pay more to ensure a superior customer experience. Unsurprisingly, digital signature solutions for SMEs can make completing contracts 80% faster. On top of everything, eSignatures are extremely secure and safe. They require ID authentication and record tamper-proof audit trails.

The Anatomy of the Audit Trail and its Electronic Signature Implications
Signority Audit trails contain information about each signer, including their name, email address, IP address, and signature. The audit trail also contains a detailed, timestamped history of the document.
  1. Freelancers

The life of the average freelancer probably involves excessive amounts of paperwork with multiple parties. Trying to juggle this with client expectations, administrative tasks and self-promotion can be extremely overwhelming. Work smarter, not harder with eSignatures: impress clients, save time on tedious document signing, cut administrative costs, and improve overall efficiency. With their in-depth audit trail and centralized storage, you will always be on the ball, with little risk of something getting lost in the shuffle. Integrating an eSignature tool with apps that you already use, like Salesforce, will make all your signing tasks even faster and easier. Bonus, it can also help you get paid faster!

  1. Real estate

eSignatures can quickly change for sale signs to sold. You can finalize contracts faster by removing logistical barriers and sharing documents effortlessly, making document signing easier for clients. Track the status of your documents, send reminders to customers when necessary, and warn clients when important information is missing (like that last initial!). Since your documents can be stored in one location, you can use past documents as a reference for future transactions.

  1. Law

Using electronic signatures can benefit law firms, their employees and clients. Employees will no longer have to waste their time filling out tedious paperwork, and clients will not have to visit the office in order to sign. Features like Template Overlay, and Anchor Text make it easy to prepare long documents to be sent out for signing. Furthermore, eSignatures are more enforceable, traceable, confidential, and, hence, secure- increasing customers trust.

Using digital signature solutions for SMEs is basically a no-brainer. No matter what industry, eSignatures improve overall business functions while cutting costs and enhancing customer experience. And connecting an eSignature app with apps that you already use makes things even more seamless for you and your fellow employees.

Basically, paper signatures are the new carrier pigeon.

Stay tuned for Part 2, where we’ll discuss more industries and how they can also be enhanced by eSignatures. If you want to learn more, check out our page on how digital signature solutions work and how it benefits your business!

 

Looking to take your business paperless? Sign-up now and get a 14-day free trial to a Signority eSignature Plan!