Businesses invest in digital technologies to increase profit margins and gain a competitive edge. Learn how DrySign provides ROI and more for businesses.

1. How DrySign Improves ROI for Businesses
Electronic Signatures – The Right Move for Business
Owners
Businesses experience ups and downs in their cycles, as evident from the cracks exposed by
the COVID-19 pandemic in legacy systemic processes. However, companies that understood
the situation updated their systems and processes, upgrading their operational style,
software, and workforce. This proactive approach helped them gain an advantage and
successfully navigate the crisis.
While it is difficult to predict the waxing or waning of a business cycle accurately, business
owners can steer their organizations by investing in the right technology. Becoming
successful is no easy feat, as the fluctuating customer demand can create tension for any
business owner. Nevertheless, successful entrepreneurs make their mark by taking risks and
capitalizing on circumstances.
Challenges and Opportunities for Entrepreneurs
Digital technologies have revolutionized how employees communicate and collaborate in the
business world. Consequently, it has become imperative for companies to embrace digital
transformation as a necessary strategy. However, this transition comes with a mix of
challenges and opportunities.
Challenges:
 Rising Competition - The widespread availability of digital technologies has opened
the doors for companies of all sizes, intensifying competition among startups and
establishing enterprises offering similar products and services. To stay afloat in such a
competitive marketplace, businesses must break free from their comfort zones and
eliminate outdated processes and systems.

2. How DrySign Improves ROI for Businesses
 Lack of Cybersecurity - As digital technologies become more prevalent, entrepreneurs
must grapple with the need for robust security measures. Protecting customer data
and ensuring privacy has become a paramount concern. Organizations must establish
proper protocols and safeguards to mitigate the risks posed by online threats.
 High Customer Acquisition Costs - The proliferation of digital platforms has made it
easier for anyone to establish an online presence. Consequently, businesses face the
challenge of standing out from the crowd and acquiring customers cost-effectively
while maintaining healthy profit margins.
 Cautious Leadership - Many organizations exhibit a risk-averse and complacent
approach to business operations, relying on tried and tested methods. While prudence
is essential, excessive caution can hinder growth and development. Business leaders
must strike a balance between embracing new technologies and seizing emerging
opportunities.
Opportunities:
 Automation - Leveraging digital platforms and tools for automation enables
businesses to streamline manual processes, boost efficiency, and optimize resource
allocation. Automation also facilitates the digitization of operations, reduces costs, and
accelerates overall business performance.
 Flexible Working - Digital tools empower entrepreneurs and their teams to work
remotely and flexibly from anywhere. This flexibility enhances productivity and
reduces unnecessary expenses associated with traditional office setups, promoting a
better work-life balance.
 Seamless Customer Experience - Modern customers expect instant results, regardless
of day or time. Digital technologies enable enterprises to respond quickly and promptly
address customer queries, even on weekends. By leveraging social media channels and
other communication platforms, businesses can deliver immersive experiences and
build stronger customer relationships.
 Improved Reach- Entrepreneurs can leverage digital tools such as social media and
websites to expand their reach and tap into a wider audience. By effectively utilizing
these platforms, businesses can unlock new opportunities, boost sales, and improve
profit margins.

3. How DrySign Improves ROI for Businesses
These challenges and opportunities underscore the need for business owners to embrace
digital transformation and adapt to the evolving landscape. By leveraging the right
technologies and strategies, entrepreneurs can navigate the challenges while capitalizing on
the opportunities to drive growth and success. As a testament to the increasing adoption of
digital tools, e-signature use has surged by 50% since the pandemic, making it one of the
fastest-adopted digital tools during this period.
Also Read: Digital Signatures – Revolutionizing Customer Relationship Management
What are Electronic Signatures?
An electronic signature, or e-sign, enables users to create, customize, and apply signatures
on digital documents, anywhere, anytime. It has gained popularity among businesses looking
to cut down on paper and digitize their documentation workflows. Electronic signature
generator platforms allow users to upload digital documents, collect signatures en masse,
add signature fields, and edit documents significant to business transactions. If backed by
digital signature technology like PKI, e-sign software protects the signature from misuse and
fraud using strict authentication measures.
Benefits of eSignatures
 Reduces Business Overheads - Online digital signature solutions eliminate the need
for printing, scanning, and physically sending documents. This not only reduces costs
but also ensures only authorized personnel can access the documents, protecting data
privacy.
 Streamlines Business Processes - With automated workflows and hierarchical
document signing, eSignatures allow businesses to focus on their core tasks while
efficiently closing deals. This streamlined approach enhances organization and helps
teams achieve their daily targets.
 Safeguards Documents- Digitizing documents helps protect them from clerical errors
and ensures data integrity. Manual verification can be prone to mistakes, whereas
digitization reduces the error rate and minimizes the risk of contract or agreement
cancellations. Additionally, real-time mail trails provide clarity and make all
stakeholders accountable in the signing process.
 Secures Storage - Online digital signature solutions enable customers to store their
documents in the cloud securely. This provides an extra layer of protection and

4. How DrySign Improves ROI for Businesses
safeguards data. Additional security measures such as two-factor authentication and
one-time passwords further regulate document access.
 Instant Signatures - E-signature solutions automate the signing process, enabling
businesses to collect signatures on documents instantly. This saves significant time for
enterprises and allows them to secure clients rapidly.
 Cost-effective - By eliminating expenses associated with paper, printing, and scanning
machinery, eSignatures help businesses reduce costs. This time-saving approach
translates to higher profit margins and improves overall financial stability.
 Compliance and Legal Validity - Online digital signature solutions comply with major
international eSignature laws, making them legally admissible and carrying the same
status as wet signatures. This ensures companies remain accountable and are unable
to repudiate terms and conditions.
Get All your eSign FAQs answered.
Best Business Practices of E-signatures
 Keep a List of Documents for E-signing - Create and maintain a comprehensive list of
documents suitable for digital signatures, including NDAs, service contracts, purchase
order forms, invoices, recruitment forms, and more. Update the list as additional
departments or processes are added.
 Define an E-signing Governance Framework - Collaborate with legal teams to assess
the risks associated with digital document signing. Ensure compliance with electronic
signature laws applicable in your country. Clearly define the types of signatures
allowed.
 Build User Stories as Social Proof - Capture success stories and user experiences
with eSignatures to demonstrate their benefits. User stories can influence potential
customers to convert into clients, especially highlighting the positive impact on process
turnaround times.
 Map Document Flow - Analyze how documents flow through your organization, from
creation to editing to archival. Understanding user patterns helps identify
opportunities for improvement and enables the creation of document templates to
save time.

5. How DrySign Improves ROI for Businesses
 Determine Criteria for E-sign Software - Look for e-signature software tailored to your
specific needs. An ideal solution should offer a user-friendly dashboard displaying
pending and completed documents, document status, administrator rights, bulk-
sending capabilities, and a secure document workflow.
 Organize a Roadmap of Relevant Documents - Use documents with ongoing use cases
to test the limits of eSignatures. This helps in planning their integration into existing
processes and systems effectively.
 Assemble Stakeholders to Drive Adoption - Involve stakeholders from all relevant
departments to ensure successful implementation. Present a business case
highlighting the value of eSignatures to drive support and enthusiasm among the
stakeholders.
By following these best practices, businesses can maximize the benefits of eSignatures and
streamline their document signing processes for improved efficiency and productivity.
Enter DrySign
DrySign is an advanced online digital signature solution that automates the signing process
and streamlines the workflow of documents. As a result, it prioritizes team collaboration and
helps close deals successfully. Its ability ranges from signing a simple Know-Your-Customer
(KYC) form to a complex non-disclosure agreement (NDA). Implementing DrySign in
companies opens up an array of opportunities for signing and being used in various manual
processes.
Business owners possess a unique determination and resilience that enables them to
overcome challenges and succeed. With the support of robust technology solutions, they can
harness their entrepreneurial spirit to drive their organizations toward victory.
By leveraging the power of electronic signatures and embracing a digital-first approach,
companies can position themselves for growth, efficiency, and competitive advantage in an
increasingly dynamic business landscape. The ability to adapt and harness technology
effectively becomes a key factor in distinguishing successful ventures from the rest. The
integration of electronic signatures plays a vital role in digitizing processes and optimizing
resource utilization, ultimately saving valuable time.
Sign your way to success with DrySign

6. How DrySign Improves ROI for Businesses
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DISCLAIMER: The information on this site is for general information purposes only and
is not intended to serve as legal advice. Laws governing the subject matter may change
quickly, and Exela cannot guarantee that all the information on this site is current or
correct. Should you have specific legal questions about any of the information on this site,
you should consult with a licensed attorney in your area.
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