This document provides an overview of e-signatures for equipment finance. It defines an e-signature as an electronic equivalent to a traditional ink signature. The document notes risks of not switching from paper processes, such as document errors, negative customer experiences, and heavy administrative workloads. It outlines benefits of e-signatures such as reduced sales cycles and transaction costs, increased efficiency, and improved customer experiences. Tips for companies making the switch include starting with a narrow focus on simple documents and ensuring legal compliance.

1. ALL YOU NEED
TO KNOW
ABOUT AN
E-SIGNATURE
IN EQUIPMENT
FINANCE

2. Definition of e-signature
E-signatures, also known as
electronic signatures, are
like traditional ink
signatures but applied to
documents in an electronic
way.

3. Haven’t switched
from paper to paper-
free?
You are facing these
risks:

4. ➢ Document
errors
➢ Negative
customer
experience

5. ➢ Heavy
administrative
workload
➢ Missing
documents
appear in the
business

6. BENEFITS OF AN E-SIGNATURE

7. Significantly reduce sales
cycles and provide a first-class
customer experience1

8. Reduce
transaction
costs for the
entire range of
documents
requiring a
customer’s
signature
2

9. Increase
efficiency in
sending and
receiving
financial
documentation
from customers
3

10. Reduce the
average transaction
time and reduce
extremely high
overnight
package costs
4

11. Improve the customer experience
by optimizing
processes5

12. TIPS FOR COMPANIES
ON HOW TO MAKE
THE SWITCH

13. Start with a narrow
focus and trivial
papers, eliminating
paper documents in
small groups, move
step by step

14. Ensure that company management and IT work closely
in building legal compliance to address regulatory
issues

15. 15
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