When electronic signature technology came onto the scene, its purpose was to increase the speed at which processes involving signatures were completed. The normal process would be printing the document, signing it yourself, faxing or scanning and emailing it to the other party, and waiting for them to print, sign, and fax or scan and email it back—where it’s printed yet a third time and filed away in a cabinet forever.
One of the benefits of digital signatures is that it shortens this process. “Today, Adobe EchoSign customers achieve an average of 85 percent reduction in contract signing times,” notes the company in its release announcement. For reasons such as this, using digital signatures is an ideal addition for small business. As a company that requires hundreds of signatures during tax time, Tab Service Company is planning the implementation of electronic signatures.
What else can electronic signature be used for:
- To Sign contracts, invoices, and work orders
- Approve project estimates and change orders
- Complete and sign leases and rental agreements
- Sign NDAs and client agreements
- Sign bank documents and insurance forms