February 27, 2010
Digital Signatures Can Save Ya a TON of $$$: #ARX #ebooksA well known journalist friend of mine recently tweeted that he had to go out and buy a fax machine because a new client expected invoices via fax. At first I thought he was joking, either that or was working with a small company in the third world or the U.S. government. But no, they expected fax. How is this possible in 2010 you ask? What a productivity waste for both sides.
The only time I ever use a fax machine is for contracts and yet even then, a digital signature is now valid. Digital signatures capture signatures without the expenses of paper while leveraging a degree of security, reliability and simplicity that is unmatched by other signing technologies.
Integrating digital signatures in your business workflow helps to secure, automate and expedite business processes, reducing operational costs and increasing the efficiency of internal operations.
Onto the dark ages. The other scenario is paper-based documents and signatures, which can cost an organization over $600,000 annually in printing, scanning, archiving, routing and lost document replacement costs.
By enabling a fully automated workflow, digital signatures can reduce expenses and time allocation that paper-based signatures require.
A few more interesting stats:
*The average signing employee costs your organization more than $3,000 a year in paper related expenditures. Investing in automating business processes will in turn affect your organization’s ROI.
*Research shows that 80% of all business processes rely on forms – and most of these need to be signed, initiation an expensive “cost cascade.”
*Digital signatures can cut over $600,000 from your business’s annual operation costs.
There's a new eBook out from Arx titled: “Think twice before you sign anything again: 12 Business Cases for Digital Signatures.” Take a look. It covers a number of great reasons why companies should convert to digital signatures and is a great guide. Check it out.
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