Electronic signatures are a must to streamline your contract management process. They allow organizations to create efficiencies that expedite preexisting processes and reduce financial costs. However, there are still individuals and organizations that question whether or not contract electronic signatures are legal and whether eSignatures will hold up in court. The question is valid; potential litigation is a serious threat to any organization. Judicial decisions and legal precedent in the United States have left very little ambiguity on whether or not contract electronic signatures are equivalent to handwritten signatures. Organizations that use eSignatures should take comfort knowing that the courts have been on their side since 1869.
Revenue generation is the front line for all for-profit organizations. The less efficient an organization’s sales team is, the less customers an organization will acquire; the less customers, the less revenue. Most companies have goals oriented around maximizing revenue. In order to maximize revenue, companies need to maximize their customer or client acquisitions. The best way to help reach those goals is to have the most efficient sales team possible. Contract Management Software can make any organization’s sales team more productive and more profitable by leveraging these tools:
Electronic signatures have been legally equivalent to handwritten signatures since Congress passed the ESIGN (Electronic Signatures in Global and National Commerce) Act in 2000. With advances in encryption technologies, and the growing prevalence of the electronic marketplace, e-signatures are safer and more convenient than ever.