Deforestation is a pressing concern, which is something you’re probably already aware of. But did you also know that companies who adopt eco-friendly business practices are favored over their competitors? So, not only will an environmentally-friendly practice like using e-signatures help you attract the best hires, but you’ll be saving the pandas too.
If you’ve ever had to collect a signature before, then you know how long the process can take from start to finish. Electronic signatures provide a lightning-fast solution so the steps that follow the signature can begin immediately.
Collecting a signature can be a lengthy and complicated process involving several people to print, sign, witness, deliver, copy, and store. Electronic signatures are captured with the click of a button, greatly improving efficiency on both ends of the paperwork.
Thanks to digital encryption and audit trails affiliated with the digital signature (more about those below), electronic signatures are sealed, stored, and protected against hackers, a breach in security, and other threats.
Before digital signatures, legal investigations relied solely on handwriting identification and the words of the witnesses. Digital signatures document the time, date, IP address, and unique user identification key that was utilized at the time of signing.
It’s not uncommon for a filing cabinet to be overflowing with loose papers and manila folders. With electronic signature software, you can keep all of your documents organized and secured against fires, floods, and security threats in one place- a revolutionary change for the HR world.
The digital signature that seals the document also keeps a record of any changes that were made after the document was sealed. In doing so, electronic signatures can prevent documents from being tampered with and keep a record of who last made changes.
A recent study suggested companies could save nearly one billion dollars by reducing their paper waste by a mere one percent.
