Benefits of E-Signatures

  • Increased Revenue – The ability to close a contract in real time increases the probability that it will close by 50 percent, resulting in incremental business.
  • Improved Efficiency – Physically moving contracts for signature through a workflow greatly increases cycle times. Electronic signatures reduce this cycle time by up to 90 percent, from days or weeks to minutes— resulting in higher transaction volumes.
  • Reduced Cost – It costs more than $170 to process a paper transaction. An electronic signature solution can reduce this cost by up to 90 percent.
  • Security and Compliance – Electronic signatures carry the same legal effect as physical signatures and since approval workflows, signature limits, and verifications are built-in authentication and security are actually improved. Audit expense is also reduced because all contracts are securely stored.
  • Go Green – A fully paperless process that does not involve paper, toner, packaging, shipping, and fuel makes a terrific contribution to reducing your carbon footprint.

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Beverly Dunn is a Customer Success Manager with Ariba. All customers are invited to join the private Customer Success group on Ariba Exchange, where you can access the Customer Success  Spotlights, Lunch 'n Learn Webinar calendar and replays, and the Ariba  Knowledge Nuggets.