updated May 19, 2021
Digital transformation is on the rise, and more companies are adopting eSignatures in an attempt to streamline their daily operations and reduce costs. In fact, the global market for eSignature is projected to reach 7.99 billion US dollars by 2027, which is an astonishing 8x increase from 1.10 billion in 2019.
These figures indicate that more businesses are acknowledging the ability of digital signatures to replace costly and inefficient wet ink signing. As a matter of fact, companies that use eSignature workflows report an average 80% reduction in document turnaround time and up to 79% savings in comparison to traditional, paper-based processes (considering the associated material, administrative, and shipping costs).
In addition, electronic signatures have proven their indispensable value during the COVID-19 crisis, allowing enterprises of all sizes to maintain operations thanks to remote workflows. Top that off with data safety concerns that emerge from storing paper documents, and you have plenty of reasons to go with an eSignature solution like signNow.
From government agencies and universities to wealth management firms and healthcare institutions, signNow ensures secure and valid document transactions across dozens of industries.
The finance industry benefits from signNow by allowing customers to manage their financial operations remotely while enhancing data security, compliance, and audit transparency. signNow makes it fast and easy to fill out and eSign service request forms, disclosures, loan applications, credit reports, term sheets, and other documents. Surveyed signNow users experienced a significant reduction in the amount of time needed to collect signatures: from 5 days to just 1 hour. Banks, credit unions, and wealth management firms all enjoy the increased overall performance and faster transactions with eSignatures. As a result, they achieve greater customer satisfaction and higher profits.
Local, state, and federal governments choose eSignature to help them eliminate bureaucracy and reduce costs on manual document filing. signNow is a compliant and effective solution for government agencies as it allows them to significantly improve their response times and overall productivity. Government agencies of all sizes take advantage of eSignature solutions like signNow because they enable them to maintain high security standards and set up cost-effective workflows instead of expensive and time-consuming paper-based processes. In this regard, signNow customers report saving up to $30 per document signed by eliminating paper, printing, scanning, and postage expenses.
A survey indicates that 60% of healthcare specialists mention paperwork and bureaucracy as burdens that distract them from patient care. Other research reveals that U.S. companies spend $812 billion annually on medical paperwork alone. signNow enables healthcare institutions to move from labor-intensive and costly paper-based procedures to fully digital workflows for patient intake, medical record information releases, insurance processing, appointment booking, etc. In addition to saving healthcare providers significant operational and managerial costs, signNow allows medical institutions to eliminate the risks associated with paper storage, reduce errors, and increase data security thanks to HIPAA compliance.
Insurance companies use signNow to speed up signature workflows when processing insurance claims, applications, and policies. signNow offers a faster way for insurance providers to create interactive fillable forms and send them out for eSignature to one or multiple recipients while ensuring a smooth and intuitive signing process for customers. Thus, an insured customer can manage their transactions online from any internet-connected device and return approvals, even on the go. The Audit Trail feature, in turn, helps insurers track the authenticity of documents and make sure they are not changed or tampered with by unauthorized parties.
Real estate professionals spend hours filing documents, negotiating contracts, and closing deals. Instead of waiting days for documents to be sent, signed, and returned, real estate agents and brokers leverage signNow eSignatures to get the job done in mere hours (or even minutes). In fact, real estate professionals report collecting signed contracts 9x faster with signNow than with paper-based processes thanks to the ability to autofill documents and send them online instead of using courier services.
In addition, signNow is compatible with a variety of software tools real estate agents use on a day-to-day basis including CRMs, data clouds, document management platforms, email clients, etc. Whether you work in residential or commercial real estate, property management, mortgage, or escrow, signNow has integrated solutions that boost your daily productivity and remove unnecessary hassles.
signNow enables institutions in both K-12 and higher education to collect signed permission slips, enrollment forms, contracts, and other documents online without having to ship paper or request in-person visits. Hence, eSignatures eliminate excessive paper-handling costs and alleviate workloads for administrative personnel – all while providing a better digital experience to students, educators, and donors. Being fully FERPA-compliant, signNow maintains industry-leading data safety standards, allowing you to track the status of documents in real-time, manage signed documents in one place, and keep audit logs in check.
Preparing contracts, signing deals, and processing purchase orders and invoices can consume hours of manual work each day. With signNow, however, sales professionals avoid repetitive and time-draining chores while focusing on what matters most – engaging with customers and maximizing sales. Features such as reusable templates, autofill, and bulk invites help sales agents save time completing their daily routines. Role-based fillable fields coupled with automatic completion guidance ensure that transactions are completed error-free.
In addition, scheduled signer reminders make sure none of your contracts are forgotten about or lost. On trade shows and sales exhibitions, agreements can be signed on a smartphone or tablet right on the spot thanks to signNow’s Kiosk Mode. Last but not least, signNow integrates seamlessly with Salesforce, allowing you to get documents signed without leaving the CRM.
Along with the industries mentioned above, signNow accommodates dozens more, including HR, legal, high tech, and construction to name a few. Consider switching to paperless workflows with signNow today.