Electronic signatures, or “eSignatures,” are just what they sound like – signatures that are made electronically. You’ve probably seen them used many times in your personal life, such as when you’re signing up for a new account on a website.
But did you know that they can also be used for businesses? E-Signatures are becoming more and more popular in the business world, and for good reason. Here’s everything you need to know about eSignatures, as well as why you should start using them for your business.
What Are eSignatures?
As mentioned above, electronic signatures are simply signatures that are made electronically. They can be created in several different ways, but the most common is to use a stylus on a touchscreen device such as a tablet or smartphone. You can also create an eSignature by typing your name into a box on a computer screen.
There are many benefits of using esignature. First of all, they’re very convenient. If you’re doing business with someone who is not in the same location as you, it can be difficult to get physical signatures from them. With eSignatures, all you need is an internet connection and you can get signatures from anyone, anywhere in the world.
Another advantage of eSignatures is that they’re much more secure than physical signatures. It’s very easy to forge a physical signature, but it’s much more difficult to forge an electronic one. This added security can give you peace of mind when conducting important business transactions.
Why You Should Use eSignatures for Your Business
Now that you know what e-signatures are and how they work, let’s take a look at why you should start using them for your business.
One of the biggest reasons to use eSignatures is that they can save your business time and money. If you’re conducting business with people who are not in the same location as you, it can take days or even weeks to exchange documents and get them signed physically.
With eSignatures, the entire process can be completed in just a few minutes. This can save your business a lot of time and money in the long run.
Another reason to use eSignatures is that they’re legally binding in many countries around the world. This means that if you use eSignatures for important documents, you can be confident that they will be upheld in court if necessary. Physical signatures are not always legally binding, so this is an important consideration if you want to protect your interests.
Finally, using eSignatures can help your business to appear more modern and professional. If you’re still using paper documents and physical signatures, your business may appear outdated compared to competitors who are using modern technology such as eSignatures. This could lead to potential customers choosing to do business with someone else instead of your company.
As you can see, there are many good reasons to start using eSignatures for your business transactions. They’re convenient, secure, and legally binding in many countries around the world. They can also save your business time and money, and help it to appear more modern and professional compared to companies who are still using paper documents and physical signatures.