Electronic Signatures Are Best For Insurance Sectors

Traditionally, insurance companies have relied on telephone and direct sales alone to acquire customers and respond to them, which is still by a great means their prime channel of communication. However, it is inconceivable today for any company, including insurance agencies, to not consider digital medium for the same.

They are digital savvy consumers today demand business through online portals and therefore there is a burning need to convert all of the procedures to the digital format or platform for better prospects of the business in any company, including that of insurance.

There is a whole lot of benefits that come with completely digitalizing insurance related procedures. To realize this ambition, definitely, electronic signatures hold the most percentage, allowing customers to sign all of their their contracts, documents and policies through a high-tech digital platform. 

Here are some of those choicest benefits for an insurance firm that come with the adoption of electronic signatures.

Promptness, convenience and speed
With an electronic signature software, clients can sign their insurance policies almost instantly and at any given time or place. In the event that the client has decided to acquire a policy, an e-signature solution lets him/her to complete the process from home or anywhere of their liking using a any digital device.

Reduced Possibility of Errors
A traditional signature on paper can involve failures such as forgetting to sign on certain pages etc which can lengthen the process of policy selling. However, by using electronic signatures this can be avoided since the signing process remains incomplete if the signer does not fill all the required fields as defined or if he/she did not sign on all of the specified pages specified.

Increased productivity of insurance agents
An e-sign tool not only facilitates and simplifies the procedure of signing documents for the customers, but also has a positive impact on the productivity of insurance agents by:
Saving time spent on paperwork and document filing, since policies can be rightly sorted and archived in electronic format, and so making it easier to access them too. Moreover, it is easier to track the signer since all the document signing process takes place from his/her dashboard. These tools prove perfect for commercial agents as they can get the policy signatures straight to the clients' offices.

Cost optimization for casualty division
Casualty departments help to improve the customer experience, because of their direct contact with the customers holding policies  and so should be capable to furnish superior service to them in critical times, decreasing the consequences of any mishaps. The eSignatures is an instrument that can certainly aid this department to fulfill its aim: not only because it assists and streamlines document processing via digital means, but also since it aids to maintain a fair balance between cost, quality and efficiency in the division.

Differentiating factor from competitors
Utilizing electronic signature software increases clients’ online shopping experience and acts as a differentiating element from its competitors. As an addition, since the policyholders are able to complete the process of signing a policy swiftly, it greatly lessens the risk of him/her opting for another solution by another company before the signature.

Reduced Expenditure on Paper
Owing to the electronic nature of e-sign solutions, insurance companies can markedly cut down their costs for paper and other stationery paraphernalia. Moreover, opting for an eco-friendly option of digital signing platforms also gives your company a favorable environmental friendly and responsible image.

Original Resource: Why Every Insurance Company Should Switch to Electronic Signatures?

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Electronic Signatures Should Be Used In Government Sectors

Digital Signature software have emerged to be one of the best practices for any organization today. Owing to its fast, secure and precise functionality, an e-signature solution is ideal way to say hello to the new technologically advanced era that we are living in today. These solutions are not just for the private or technical industries such as IT firms but works perfectly well with any sector, including that of the government.

We have always pictured government organizations burdened with tons of paperwork whose snail speed is dreaded by not just the citizens but the government officials themselves. Not to mention the cumbersome and extensive work that they need to put in, while being extremely careful so as not to err with an important document critical to national or state structure, that’s an added disadvantage. These and many other issues that arise with the traditional style document signing process only pulls back the government’s engine, which should otherwise could be only focusing on running and serving the citizen wagon.

So, how can government organizations benefit from e-signature solutions?

There are some great benefits of using digital signature software in governmental organizations, and some of them are listed below.

With an electronic signature solution, employees and other constituents can be enabled to digitally manage various agreements and approvals pertaining to government transactions with minimal effort.

Government officials can deliver faster and therefore much better service to their citizens as transactions are completed a whole lot quicker.

These e-signature software are designed to work well on any electronic device which has an access to the internet so as to provide a smooth and convenient digital experience to their customers.

People can simply send the documents or files which are needed for review, filling up or to be signed by the concerned parties, through an electronic medium such as their smartphones, laptops, tabs etc. And also receive them back in almost no time owing to its easier access and fast deliver to the authorized party.

E-sign documents also provide a far safer transaction channel owing to its cloud based solution which is thoroughly secured, and its on-site software which works behind a potent firewall.

This software can be utilized in processing of permits, health programs, housing programs, procurement, engineering documents, and payroll and facilities management.

All in all, the various digital signature solutions that are currently available in the market offer you the freedom to customize them, to make them work with your present system, documents and processes. Hence, to make the work in governmental sector more productive, secure, compliant and fast too, electronic signature should be used in every governmental organization.

Original Resource:- Why Electronic Signature Should Be Used in Every Governmental Organization?

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eSignatures : More Secured Than Physical Signatures

With ultramodern cybercrime swiftly turning into a quotidian affair, something as esoteric and unequivocal as a person’s electronic signature seems to be vulnerable to these criminals. But backing every electronic signature made use of in banking, health care or government sector is a strong and multi layered network of security parameters rendering the signers and their inherent data fully secure.

The tiers of verification and data storage in electronic signature software are formulated to provide people with the comfort in knowing that digital signatures are more secure than any physically signed paper document. E-signs empower the users by giving them the ability to prove the occurrence of a transaction which is beyond the scope of paper. When a customer uploads the electronic document and the signature attached to it on the electronic signature solution provider’s server which is firewall protected, it encrypts it and generates a mathematical algorithm for the document to determine whether it was tampered with.

Beginning with signer validation where the signers have to identify themselves through login or secret key, an SMS passcode or a security answer etc electronic signature software ensures an intensive security practice. Apart from this the document is also verified to ensure it is not tampered or altered in anyway. If the latter be the case then the software codes the document and makes the e-sign invalid, thus assuring its customers of not letting the document pass by undetected on tampering. Moreover, the encrypted document also prevents anyone from copying or pasting an e-signature onto the file.

Contrasting to paper documents, an e-sign solution also records the proof of the exchange of the document, with correct web pages, time and date of the exchange along with a track of the SMS code, email notification etc. This allows the signer to have proper record and information which also stands valid in the court of law.
In addition to this, since the document and the e-signature itself is kept stored behind layers of encrypted interfaces, it is practically safe from hackers and cyber criminals. And safe from the chance of getting lost in the mail as it is securely stored in the cloud for easy retrieval and access.

Hence, by all means an electronic signature software is more secure than the traditionally used physical documents. 

Original Resource :- Electronic Signatures Offer More Security than Physical

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How Can You Improve Productivity In Your Business Using Electronic Signatures?

Paperless, convenient and legally binding, electronic signature solutions has emerged as boon to the businesses. They do not just save you the hassle of scanning, printing or storing the files as is the case with the traditionally used paper documents but but also are extremely time saving and efficient.

These and many of such truly amazing reasons are what that have made electronic signature software solution so popular in every every business sphere today. Be it health care, IT, real estate, finance or governmental organizations, e-sign solutions have an application everywhere.

These solutions have greatly contributed in rendering the various aspects of any business proceeding extremely streamlined and expeditious. All sectors wherever these software are used have shown a higher workflow and better workplace productivity. Businesses need to spend lesser for document sharing, meetings and getting them signed, since there is now no need for any physical documents or personal meetings. They now enjoy the quick turnover of signed documents too since the opposite party can easily read and revert to the document in no time, saving the former of long waits. This has escalated the workflow since the time and energy saved thus can be utilized in the betterment of the business.

Secondly, since an e-signature software can be stored on cloud and offers great security, there is no need for any additional measures to safeguard these documents. While at the same time it also makes way for easy access and use by the authorized personnel. This again has reduced the overhead cost usually spent earlier for storage, space and security.


The swiftness and convenience of these electronic documents is also in the favor of the clients who surely benefit from this timely and hassle free approach. This benefits businesses in two way; one being the fact that it builds better service-customer relationship and second it earns you faster payments. Last but not the least, the clutter free, highly organized, smart and readily accessible solution that e-sign solutions offer any business lets them be completely in control and boost their focus directed in the direction of better productivity.

To conclude, e-signature software have changed the scenario of the business sector and made it more empowered and efficient by all means. Hence, it is only smarter for a business, big or small, to adopt this amazing solution and increase their productivity significantly. 

Original Resource:- Use electronic signatures solutions to improve productivity in your Business

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State The Importance Of Electronic Signatures in Various Business Sectors

 

 

Every industry which has to deal with documents and signing from different parties can benefit from digital signature solution. Electronic signature software solutions have streamlined these processes and made them faster, hassle free and easier to meet the demands of the customers. 

 

Such digital signature tools find their application in many business sectors and can benefit them remarkably. 

 
Accounting:-
Using an electronic signature software, accountants can get signatures on the necessary documents much faster while meeting the legalities. It is quicker than faxing and the client can review the document and send back the signed file within minutes. With simply internet as the requirement, the software will also ensure that only the right person accesses it unlike in the case of fax etc. You can send employment contracts, engagement letters, confidentiality agreements, asset purchase document and much more. 

 
Construction :-
Digital signature solution can help the construction project stay on track and be streamlined for you to focus on other business proceedings. Since it is saved on a cloud, it can be easily tracked and its status checked. E-sign solution can be utilized for any sized construction business and be used for documents like proposals, supplier contracts, work orders, purchase orders, sales contracts and so on.

Financial Services :-
Most of the e-signature software used by finance organizations guide the customers through the file when filling it up for the first time, can audit trail, verify the signer and secure the required information. Also, once filled these documents are automatically routed to the bank’s back end system. These can be used for loan applications, wire transfers, credit reports, compliance processing etc. 

 
Government :-
Approvals and agreements can be digitally managed using electronic signature software. Besides giving a faster service to the citizens, it also helps you to provide them with utmost security with its firewall. It can be used for processing payroll, housing program, permits, health programs, procurement etc. The current software available in the market can also be customized to suit the specific needs of the sector. 

 
Health Care :-
Use of e-sign solutions in health care sector can help patients to access their reports, send their information and interact even when not in a clinic. You too can focus on patients rather than doing paperwork. It can be used for getting patient’s consent, updating medical records, privacy practice notice, procuring approval for health plans etc. 

 
Besides these, there are many other business and service sectors like that of Insurance, IT, Education, Legal services, Real Estate etc where electronic signature software doesn’t just has scope but an application that’s quite advantageous for all parties.

Original Resource: Scope of Electronic Signature in Various Business Sectors

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