Contract Signing Software Use Cases
Do you need a solution for the hassle of repeated contract signing? Signing documents with the traditional pen and paper approach can take away most of the time and energy. However, the contract signing software lets every business team sign electronically from anywhere.
The practice of online contract signing is rapidly adopted by every industry worldwide. Regardless of the scope of the company, it has the potential to significantly enhance the company’s overall reputation, bottom line, quality and speed of work in general.
What is Contract Signing Software?
A contract signature software allows the users to sign the documents digitally. This cloud-based software can give access to multiple people to sign the contract. It is possible on desktops, laptops, and even smartphones.
In the digital world, electronic signatures are a viable option to reduce operation times and costs. Furthermore, a contract signing tool also saves the documents as templates, so there is no need to draft a new contract each time.
Benefits of Online Contract Signing
Electronic signature software is the best solution for companies looking to become productive and efficient. In the fast-paced modern world, businesses must keep up with speed. There is no time to format, print, sign, scan and reformat a document multiple times daily.
In this regard, e-signature software provides the following benefits for an organization.
● Saves time in the contract negotiations
● Seamlessly maintains the contract records before and after signatures
● Makes it easy for the customers to sign contracts with the organization
● Organizations and consumers can track the activity, enhancing mutual trust
● Streamlines the overall workflow of the company
What Industries Can Use Contract Signature Software?
Did you know that 74% of business organizations are already signing online? Any industry can streamline its contract lifecycle by adopting online signatures.
Contract signature software is handy in some document-heavy sectors like:
The financial sector has the most tiring task of moving the documents around for the signatures of every department. With the help of e-signatures, individuals from multiple departments can collaborate on a contract seamlessly.
There is no need to pass the paperwork; they can sign the online contract with one click.
Everyone in the health sector agrees that paperwork is a massive inconvenience with hectic schedules. Sometimes, the complex contract signing work also interferes with patient care. Doctors and patients can minimize this time-consuming task with a contract signing tool.
Healthcare workers can access and sign contracts virtually in no time. They can also share critical medical records without choosing between patients and paperwork.
A legal business is all about efficiency in managing and producing paperwork. A law firm must go through the contract signing procedure with each client. So, online contract signing can make it easy for law firms to gather the documents in one place and sign with a single click.
The clients can also collaborate and track their contract agreements without any hassle. Also, the cloud-based software protects the security of sensitive contract documents, which otherwise might be compromised in the printing process.
Retailers must check and sign various contract forms, from invoices to shipment orders. Signing documents physically can reduce the speed of business transactions. Whereas e-signature software tools can keep the records in one place, making it possible to inspect and sign in one go.
Also, it can protect retailers from any tamper fraud. The customers can also view the contracts digitally, which brings them ease and, ultimately, more sales to the retailer.
Real estate agents have a ton of forms to fill out and inspect. Primarily, they are negotiating with multiple clients at a time. Therefore, managing the paperwork of each client can get a little tricky. Any delay in the process could mean the loss of thousands of dollars.
The real estate agent and the customer save time and money when they sign the contract online. The agents can ensure that the forms are filled out and duly signed by every stakeholder. Also, e-signing lets the realtors track the contracts when they are moving.
Human Resources Sector
Working in the human resources department means dealing with paperwork nearly half the time. HR managers must keep track of all employee documents, send contracts for signature to various departments and oversee the agreements with new hires.
A contract signature software connects all the parties in the HR department seamlessly. It also reduces administrative costs and enhances productivity.
Online contract signing can dramatically reduce overhead costs in the agriculture sector. There is no need to print the forms and then take them to every authority’s office. Signing the forms online eliminates the multiple printing, scanning, and delivering costs.
The sales team will spend more time building customer relationships if they are not stuck in the cycle of heavy paperwork. From order processing contracts to reseller agreements, the sales team can automate using a contract signing tool.
It will also enhance customer relationships as they can sign a contract online — saving precious time.
The most significant accomplishment in the construction industry is to shorten project timelines. The extra steps of paper signatures from various authorities slow down the speed in the construction sector.
Signing a contract online can help alleviate extra costs and time associated with the contract signing procedure.
Like in any other industry, online signatures in the media sector ease business operations. By signing the online contract, media houses can speed up their processes by 21 times.
E-signature tool automates each business aspect in the media sector. E-signatures boost the speed, from the approvals in the production houses to sending contracts for actors.
Handling the extensive contract signing process is an uphill task. Especially if the signing practice has to be repeated across an organization multiple times, contract signing software can simplify this process for any industry.
Online contract signing on a cloud-based technology brings multiple stakeholders to one platform. Moreover, it reduces complexity and enhances speed and security in every business sector.