Trends for E-Signature Use in 2020
Updated October 6, 2023
The use of e-signatures has been a rapidly growing market for some time now. The ability to electronically sign documents is no longer a gimmick, with over $1,534.8 million in transactions being conducted using e-signatures.
With this increase comes the elimination of fraud, scalability, integrity, and transparency. All of which are driving the overall market growth.
The Cloud-based e-signature is well on its way to becoming the largest deployment segment, as it decreases the operational cost for e-signature use.
In the next few years, businesses will begin to accept this feature-rich solution as a no brainer, as it becomes available across devices, meets the latest security criteria, and is overall cost-effective.
Quick, Simple, and Intuitive
By using e-Signature tools, businesses have been able to cut down document handling costs by as much as 85%. eSign documents can be done from your desktop or mobile device when you are either on or offline.
Furthermore, according to the Electronic Signature & Records Association, businesses experience an 83% performance improvement in getting approvals, and an 86% savings in document costs.
With users being able to e-sign from anywhere, the use of eSign Genie software makes the document turnaround time faster up by almost 90%. It takes less than 30 seconds for a customer, partner, or employee to sign a document.
eSign Genie not only helps you save time, but it also helps you cut costs.
Digital Signatures Mean Security
With fraud and breaches of data being rampant in today’s society, businesses and enterprises are searching for a more advanced way to authenticate the identity of those involved in a digital transaction.
With eSign Genie, you have complete control over the e-signatures, workflow, and tracking of documents. Also, it includes password-protected e-signatures and an audit trail. The SOC 2 Type II certification is a great way to keep your documents secured safely.
eSign Genie features numerous compliances and offers outstanding security to keep all documents secure. Here are some of the eSign Genie’s security features:
- 256 Bit Encryption
- Certificate of Completion
- Audit Trail
- UETA Compliant
- ESIGN Compliant
- HIPAA Compliant
Businesses migrating to e-Signature apps from paper will notice a 55%–78.62% total savings. While the average savings per document goes up to $20. These figures take into account material, administration, shipping, and subscription costs
When looking for the right e-signature solution, one should look at the overall cost. With eSign Genie’s Pay as You Go plan, $2 is all you have to pay to gain access to the e-signature tool.
It also offers the ability to check any changes that have been made to your document. Also, you will get a complete audit log and password-protected documents that you can access from any mobile device.
Integrate with the most popular CRMs and application solutions in the market
eSign Genie is the best choice for scaling your global operations. It integrates with many popular productivity and business applications like Salesforce, Dropbox, and Google Drive. This makes it easy to quote and contract suppliers.
With eSign Genie, there is integration with numerous different programs, some of which include Zapier, WordPress, and Mail Chimp. It is the must-have for electronic signature platforms, easily outdoing its rivals. Not only does it make doing business easier, but you get some pretty cool extra features like template creators, role assignments, and custom branding options.