Electronic signatures are being adopted by increasing number of companies, especially in the US. E-commerce companies have widely adopted esignature technology to sign documents online. According to a research conducted by P&S Market Research, the demand for e-signatures is expected to grow at an annual rate of about 39 percent through 2020.
Electronic signatures represent a shift of signature from the manual paper based signatures. Adopting digital signature technology to sign documents offers various benefits to the users. Different types of industries and businesses can benefit from the use of esignature for signing the documents.
Companies that take the extra step in adopting green practices are not only protecting the environment, they are also building goodwill with the customers. Companies that take steps and publicize the fact that they are environmentally friendly are able to win the hearts of like-minded customers.
Ever since electronic signatures were legalized in all fifty states of the US, as per the integration of ESIGN Act of 2000 in the statutory framework, organizations have increasingly adopting the practice of signing documents online. These organizations are spread across different industrial sectors and have gradually started appreciating the benefits of deploying an online signature system for various reasons, including:
Companies that take the extra step in adopting green practices are not only protecting the environment, they are also building goodwill with the customers. Companies that take steps and publicize the fact that they are environmentally friendly are able to win the hearts of like-minded customers.
Electronic signatures were given a big boost in the US by the ESIGN Act in 2000. After the passage of the Act, great strides have been made in adopting digital signature. A lot of businesses these days have made the switch to the digital signature. The fact is that electronic signature offers a huge opportunity for improving the efficiency, security, and speed of the document management.
A lot of companies are now making the switch to the paperless working environment. Digital documents allow a business to go paperless and make their internal system more cost-effective and efficient. You can create digital documents using online PDF editor or PDF writer. These also incorporate digital signature to authenticate the documents.
When a change is required in the paper document, it is resigned, reprinted, and the distrusted to the third party. This is not the case with signing documents electronically. In fact, signing documents electronically save a lot of time, effort, and costs as compared to manually signing the document.
Businesses in the US and Europe can substitute paper contracts with electronic contracts. The introduction of the e-sign Act 2000, EU eIDAS, and amendment of the EU Civil Code has given legal authentication to digital signatures.
Digital documents offer various benefits over paper documents. They are more convenient when it comes to storing and sharing the documents. Moreover, the digital documents can easily be signed using an online PDF editor that supports electronic