Paperless Trends: Importance of Signature in Digital Contracts

There is a growing trend, in almost every industry, of turning to integrated electronic systems for document management.  While it is still true that “Paper documents can be archived, filed, sorted out, and stored in offices as hard data copies of valuable company information, which can be retrieved anytime in the future, or as needed.” The same is true with electronic copies, but with major bonuses.  With electronic documents, data can be kept in larger amounts, in a wider variety of formats, and is more easily accessible, integrated, updated, shared, received, and protected.  In addition, electronic media is harder to lose or destroy.

…paper and paperless both comprise significant roles in the business, sometimes with interchangeable functions, but the increasing popularity of paperless transactions could set back the paper’s place, a bit

From the perspective of contracts, like non-disclosure agreements, there is a growing trend towards secure e-signatures. Integrated e-signature tools can dramatically reduce the time associated with mailing physical copies and the hassle associated with email based processes which require the print-sign-scan-email-print-sign-scan-email dance.

Using online electronic signature can make a way for more advantages in businesses in terms of cost and transmission efficiency, without compromising on security.

And, thanks to modern encryption and authentication technologies, digital signatures can be very secure. With this new found security, we see all sorts of businesses adopting e-document management and e-signatures. From Realtors using dotloop, to doctors adopting Electronic Heath Records (EHR) systems, digital is the wave of the future.

Going full digital in businesses might not be fully realizable at the moment. But with the help of paperless alternatives to other business aspects, especially with the crucial ones, can make significant growth and improvements in the long run.

With the warp speed pace of today’s business, its looking more and more like going digital is a no brainer.

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