1. Save time and energy.

It goes without saying that handling something physical like paper is time-consuming, expensive, and leaves a large room for error. E-signing contracts will save you at least 50% of the time you spend on paper contracts. Imagine how much time you can save if you’re more than one in the company who are dealing with contracts on a daily basis.

2. Few have a printer at home, but everyone has a mobile phone.

It doesn’t make sense to ask your prospect or vendor or candidate to print, sign and scan your contract when you can make it so easy to e-sign any legally binding contract with a single click from any device. Business doesn’t need to take a break because you’re not at your desk.

3. Sales enjoy up to 94% hit rate with e-signing contracts.

By making it ridiculously easy for your prospect to sign from any device, you will be improving your hit rate and reducing sales cycle. Your prospects get an email with a secure link to your proposal and can easily sign it without any login.

4. E-signing contracts is way more secure than ink on paper.

With a qualified e-signature, you can be sure that your document has not been tampered with after signing and that identity of the signer can be proven. You can also offer additional verification methods such as signing via SMS or electronic identification, e.g. BankID in Sweden.

5. Upgrade your business image to look and feel 2018.

Are you selling to or trying to attract the millennials? Then you must provide an effortless digital experience that these digital natives are used to. E-contracts are interactive and look stunning regardless of device. Be mobile in everything you do.

6. Be in control over all of your contracts.

Does your process today give you control over who should be allowed to access or make changes to which contracts? Have you stopped emailing contracts back and forth? If your answer is anything but “Yes”, then you are in trouble – at least from the GDPR point of view.

7. Speaking of the GDPR, are you ready for it?

Contracts contain personally identifiable data and with the GDPR, the common practice of emailing back and forth contracts during the negotiation process is no longer sustainable. From May onward, you must ensure that there is a complete audit trail of the interactions that have taken place throughout the contract process.

8. Start collaborating. Stop creating long email threads.

Imagine real-time virtual collaborating on an offer with your colleagues and counterparts without scrolling through long email threads. They can annotate, you can edit and update the proposal or contract instantly. All in one workspace, anytime, anywhere.

9. Who has the latest version of the contract?

You’ll never have to ask this question again. There is only one version of the e-contract and you can be sure that everyone is looking at the same version at any time.

10. Know what happens after you send a contract.

Is your prospect ready to buy? Has your colleague opened the contract? How many times have they interacted with it? Use these insights to manage your time and prioritize your tasks. No more guesses.

11. You don’t have to nag anymore.

Is there anyone else on your team that needs to review or sign the contract? E-contract makes it easy for you to set up workflows and delegate signing rights. Your team will be automatically notified and reminded when it’s their turn to act.

12. Need to find a specific contract? You can literally google for it.

Your signed contracts are securely stored in a smart e-archive with the capability to search across all contracts simultaneously. Enter a keyword that you remember, such as customer’s first name, and you will have a list of all contracts associated with the name at your fingertips.

13. No more missed deadlines.

Stay on top of critical contract milestones such as notice period, renewal and expiration with automatic notifications and reminders. Not managing the contract milestones leads to a reactive and inefficient process – putting the business at risk of non-compliance, revenue loss, higher expenses, and penalties.

14. Single source of truth.

Use contract analytics to understand and track sales, procurement and other business KPIs such as cycle times, close ratios, expiry and renewal stats, contract revenue and spend. All done without pulling data from multiple sources.

15. Put your data to work.

Converting your contracts, whether in paper or PDF format, to e-contracts makes it possible for you to extract data from your contracts to automate workflows, drive decisions, and move your business forward. You can always connect e-contracts with your favorite CRM or apps and make you go faster and smoother.

16. Last but not least, do something good for the planet.

Printing and scanning paper contracts hurt the environment and waste our precious resources. The truth is, it’s not even necessary anymore. Together we can create a future where managing contracts will no longer be associated with paper, envelopes, postage, printer, and scanner.