Trends in e-Signatures this 2022
We’ve seen the rise of e-signatures in recent years, and it has quickly evolved into a crucial tool in the new digital workspace, with businesses shifting to remote offices and migrating their data to the cloud. Here are some of the e-signature trends we’ve observed in the past year.
1. Companies are going paperless.
- Two-thirds of enterprises who use e-signatures have only started using them in the last two years, yet 95% of organizations presently use them or plan to in the future.
2. Competition is tighter.
- Considering that the majority of your rivals currently use eSignatures, you may be able to restore your operational advantage by adding more integrations and capabilities like templates, signer identity verification, mobile signing, and SMS alerts.
3. Implementation involves the whole organization.
- Every team will participate in streamlining all types of procedures, from hiring, onboarding, negotiating, contract creation, and approval, as more organizations go paperless.
4. More types of contracts can be digitally signed.
- More types of contracts will be able to be digitally signed when laws and regulations eventually recognize that eSignatures have the same legal effect as ink-based signatures.
5. There is a robust identity verification for digital signatures.
- Companies will improve their authentication and identity verification skills as a result of paperless operations to safeguard contracts, reduce risk, and boost compliance.
Ultimately, these trends paint a likely future with multiple systems integrated into one platform and digital signatures as just one of its many features. Lexagle has built a robust software ready to cater to all your contract management needs, and you can start your journey toward better and more efficient operations by booking a demo with us today.
