Let’s take a look at how a full and fervent adoption of electronic signature solution might impact your competitiveness, profitability, and eventually, lead to customer satisfaction.

1. How to calculate ROI on
eSignature solution
for business

2. Key decision makers in any organization, need more than
just intuition to make crucial decisions when it comes to
embracing a new way of doing things. In other words, they
need persuasive and compelling reasons to help them
prioritize the act of signing documents online.
A lot of uncertainties may arise when trying to establish
the Return on Investment (ROI) of adopting the esign
technology. However, to clear the doubts, let’s take a look
at how a full and fervent adoption of this kind of
technology might impact your competitiveness,
profitability, and eventually, lead to customer satisfaction.

3. Relying on paper to obtain signatures consumes a lot of
time and effort for you and your clients. Usually, when
much time is spent collecting signatures and doing follow-
ups, potential clients are lost to more responsive
competitors who can provide a faster process. The
abandonment rates that organizations experience can
significantly reduce once their processes become fully
electronic.
1. A more streamlined process will boost your
current conversion rate

4. Nowadays, customers prefer to make most of their
purchases instantly via the web. Asking clients to visit your
office or workplace to transact business is not only
inconveniencing but also inefficient. Keeping your
processes electronic by investing in digital signature
software will not only help you eliminate some of these
geographical-related obstacles.
2. Increased reach and improved online sales

5. Employees spend a considerable amount of time handling
office paperwork such as contracts and agreements. Time
is money. With electronic signatures, your customer
service and sales professionals boost their output by
cutting down the administrative work, whilst maximizing
the time saved on revenue-generating activities such as
lead discovery and relationship building.
3. Reduced time spent chasing down signatures
and locating mislaid documents

6. It’s apparent; manually processing office paperwork leads
to errors which add costs and creates inefficiencies.
Incorrect and incomplete paperwork need to be re-faxed,
re-emailed or couriered back to clients for updating,
meaning more time will be wasted. The workflow rules
and automated capabilities built into electronic signature
solutions like eSign Genie minimize document errors – and
make it easy and quick to correct them.
4. Eliminate paperwork errors

7. Archiving office documents takes a significant amount of
space; and a number of industries like life insurance,
require organizations to preserve them for long durations
– over fifty years in some instances. The cost of square
footage required to store paper can be incredibly
expensive. Shift to a reliable digital document
management platform to avail range of simple archive
options for both short and long-term cases.
5. Archiving your documents and time spent
organizing them

8. Using electronic methods to sign documents online
provides stronger evidence compared to typical paper-
and-pen processes; and more remarkably, it has been
proven to minimize the risk of legal and financial disputes.
Why is this so? First, e-signing ensures standard workflow
rules are followed to produce error-free processes and
transactions. And secondly, electronically signed
documents provide full audit trails with timestamps which
can be exceptionally helpful in satisfying inquiring
regulators.
6. No more risky business

9. Research has shown that, among the United States
organizations alone, thirty billion paper documents are
printed and copied every year. Have you ever taken time
to calculate how much it costs to scan, fax, and photocopy
documents across your departments? For many
organizations, these paper-related cost savings alone, give
a good reason to invest in electronic signature software.
7. Reduce cost of paper

10. Clients’ expectations are changing. People nowadays want
most (if not all) business processes to be completed fast,
and at their convenience. They want to create signatures
on their portable devices such as laptops, tablets, and
even smartphones. Organizations that offer an efficient,
digital experience are rewarded with first-rate customer
satisfaction ratings. Basically, the easier you are to
transact business with, the higher the probability of
getting repeat business.
8. Deliver a better customer service

11. Website - https://www.esigngenie.com
Email ID - info@esigngenie.com
Phone No - (408) 560-3900
Need any assistance related to eSigning software? Contact Us
Source - https://www.esigngenie.com/blog/roi-of-esignatures/