One of the biggest drags on productivity, cash flow, and\noperational efficiency in most companies is handwritten signatures. \n\n\n\nThe act of signing a contract may only take an instant, but\nall the time it takes to get the right paperwork to the right people in the\norganization can add days or even weeks to the pre-contract lifecycle.\n\n\n\nEvery hour a piece of paper sits in someone\u2019s inbox is\nwasted time. \n\n\n\nIf you want to drastically improve the amount of time it\ntakes for a contract to move from proposal to execution, you need to kill\nhandwritten signatures in your organization. \n\n\n\nLegality of\nElectronic Signatures\n\n\n\nHandwritten signatures are almost never needed. Several\nfederal laws allow for contracts signed over a computer to be just as\nbinding as contracts signed with pen and paper. \n\n\n\n\nElectronic signatures don\u2019t even have to look anything like\na handwritten signature. You can use a variety of programs to simulate a\nhandwritten signature if you want. But, you can also have something as simple\nas a checkbox. \n\n\n\nHave you ever clicked \u201cYes\u201d when installing software from\nthe internet? Then you\u2019ve provided an electronic signature to a contract.\nClicking \u201cYes\u201d or checking a box has the same legal force as signing your name\nand initials on a stack of physical pages. \n\n\n\nHow Electronic\nSignatures Enhance Security\n\n\n\nElectronic signatures are more than just more efficient than\nphysical signatures. They are also usually more secure.\n\n\n\nYou can encrypt all of you\u2019re the digital files you have\nstored. You cannot encrypt paper documents. If someone gets a key or breaks\ninto a physical file cabinet, they can remove documents or easily access\nconfidential information.\n\n\n\nIf you encrypt your digital documents, a hacker or unauthorized\nemployee will not be able to read the data. Even if they somehow gain access to\nthe files. \n\n\n\nDigital signatures are harder to forge and can provide many\ndifferent ways of validating who signed the document. Digital forensics is much\nmore accurate and powerful than handwriting analysis. \n\n\n\nIt is also much easier to find a digital document that has\nbeen misfiled than it is to find a physical document. Your physical file\ncabinet doesn\u2019t have a search bar. \n\n\n\nThe Last Roadblock to\nGoing Paperless\n\n\n\nFully adopting electronic signatures is typically the last roadblock\nbetween spending time moving reams of paper around and going paperless.\n\n\n\nBecoming a paperless business allows you to save money on\npaper, toner, printers, and staff time. It also makes your business more secure\nand more environmentally friendly. \n\n\n\nIn the next three years, any business still relying on handwritten signatures will be like a business that still relies on the telegraph. You will be so far behind the competition you may never catch up. \n\n\n\n Never lose a contract again! Work more effectively, increase your revenue, centralize & secure your contracts. Available anywhere, anytime & on any device.Get your Free Demo today! \n\n\n\nDo You Ever Need a\nPhysical Signature?\n\n\n\nFor commercial purposes, the only reason you would need a\nphysical signature is if another party refuses to move forward without\none. \n\n\n\nYou may still need a physical signature for personal legal\ndocuments. Most states still require a handwritten signature on wills,\ncodicils, trusts, and powers of attorney.