The digital signing process is rapidly replacing the organization’s manual methods and in turn, it is reducing the manual effort, especially the HR & sales department’s. Organizations are making their job done in one shot irrespective of the document count by following the process such as digital signing and go cardless, by experiencing the growth and productivity of their respective organizations.

1. How Does Digital Signing
Process Make Your Business
More Successful
Electronic Signature Software
Sign.cc by 500apps

2. How Does Digital Signing Process
Make Your Business More Successful
The digital signing process is rapidly replacing the organization’s manual
methods and in turn, it is reducing the manual effort, especially the HR & sales
department’s. Organizations are making their job done in one shot irrespective
of the document count by following the process such as digital signing and go
cardless, by experiencing the growth and productivity of their respective
organizations.

3. Overview of Contracting
Solution
On one hand, it’s important to jump in when conditions are right at your
company. On the other, the sooner you start, the sooner you’ll begin accruing
benefits and how to be successful in business. While there might be a lot of
effort to move quickly, it’s important to consider organizational headwinds,
other big projects taking up energy, or a companywide focus on other priorities.
It may be better to wait until the conditions turn more favorable.

4. Overview of Contracting
Solution
Another option is to start small. Initially, deploy a part of the contracting
solution, which won’t take much time and effort to implement. It might not be
transformative, but deploying in fewer parts can set you up for instant wins as
well as longer-term impact. However, you choose to deploy, determining the
right time to implement the contracting technology is essential to ensuring
success.

5. When is the Right Time to Address
Contracting Technology?
Here are some factors to consider when determining the right time to deploy
contracting technology:

6. Company’s Need
Is the need for such a solution pressing? Are there pressures to execute
contracts/agreements digitally? Is the business struggling because of a
contract-related hurdle?

7. Company’s Situation
Do you have the internal bandwidth to take on this type of deployment? Do you
have the budget? Is this something that needs support from executives or other
team leaders?

8. Expected Impact
Would modernized contracting move the needle to help achieve your
departmental or company goals? The impact is generally larger if you’re
executing a lot of contacts every month, there is regulation involved, your
contracts are high value or there is significant complexity in the contract itself
or how it’s executed, among the other criteria.

9. Expected Impact
After looking at the above questions, you should have a clearer understanding
of where your organization is now, how to be successful in business, and also
the impact associated with modern contracting technology. If the current need
is great or could impact a broad range of departments, the time to act is now. If
there’s not enough internal bandwidth to commit to a transformation of that
scale, it might be best to wait until you can commit more confidently. Consider
all of the factors before determining the timeline and scope of your next
contracting initiative.

10. The San Diego Zoo - Started Small
Before Jumping In
Zoo has decided to go paperless making it one of their strategic initiatives. But
this initiative was one of many, so the Zoo didn’t have the bandwidth for wide
implementation. While the impact would be significant, it didn’t impact revenue
and consumer experience, which made this project a lower priority than others.

11. The San Diego Zoo - Started Small
Before Jumping In
Still, Zoo’s leaders wanted to begin the paperless transition and decided the HR
department was a good place to start. The HR team had 87 boxes of paper files
already on hand, so it was one of the biggest paper offenders.
The decision was made to deploy the e-signature software for their hiring and
onboarding process and this helped to digitize their existing paper, store
documents, and digitize the signing process for future agreements. With
success under their belt, the team is now looking to digitize other processes
and use the foundation in HR to make a strong case.

12. GoCardless
On the other hand, went big right away with its new contracting solution. The
UK-based IT and services company fit the criteria for large-scale deployment:
There was a compelling need: Salespeople were using Word to create contracts
and this is leading to errors. The situation was ideal: There were few other
technical projects at the time and contracting improvements were a priority The
impact would be large: As a startup, it was focused on growing revenue, and
streamlining sales contracts would immediately impact its bottom line.

13. GoCardless
The company deployed a Contract Lifecycle Management (CLM) solution to
streamline sales and increase productivity. Sales reps can now click a button to
create a custom sales contract using information from their CRM and specific
clauses from a library approved by legal. The company also built a workflow
that automates the contract approval through various departments and levels.
The new contract solution wasn’t only for sales - it’s used across the business
as a standard in recruitment, procurement, sales, legal, and management.

14. GoCardless
As a result, GoCardless saved countless legal hours closing sales and vendor
contracts while gaining more insights into its centralized contract database. Its
customers found that the new contracting process made their lives easier
because they receive a personalized contract quickly, complete negotiations
with transparency, and can close transactions electronically.

15. For Sales Contracting, Make Sure the
Time is Right for Deployment
It’s always good to get high ROI projects started, but you need to balance needs
with the specific situation at your company. Take your time to think through
timing and only start the project when you’re building on a strong foundation
(company’s need) and can devote resources (company situation) to a project
that the company values (expected impact). If you do that, you’ll be set up for
success. Step through the most important questions to help evaluate
contracting technology for your company with a detailed checklist.

16. Summary
Digital Signature is a powerful weapon for organizations that are either about to
adapt to or on their initial implementation stage. As it is built implementing the
mathematical algorithm, it follows a set of encryption standards with the
security bit key such as 32-bit key, 64-bit key, 128-bit key, etc. As the bit-key
encryption count increases, it takes much time to decrypt the key when the
file/application/document gets compromised.

17. Summary
For example, a 64-bit encrypted key takes some years to decrypt. Though the
hacker started the trials on it, the whole sharing process or operation will be
completed meanwhile. So, there is no need to worry about the key
compromisation if you adapted the digital signing process. Surprisingly, many
successful entrepreneurs have been saying that most of them touched their
success mark after implementing the digital signing concept, and also it is one
of the small profitable business ideas that one can adapt and implement easily.