A firm handshake traditionally marks a closed deal. But what do you do when a pandemic prevents all human contact? The answer is digital sales. Here we go through the benefits and how a smart e-contract tool with integrated digital signing can strengthen your business.

Why you should invest in digital sales

To put it bluntly, it is a company’s ability to make money that is absolutely crucial for its survival. Why let location be a limit to doing business, and spend hours commuting to meet a customer. A Customer with whom, after lots of back and forth, has finally managed to agree to a suitable meeting time? Not to mention the tediousness of waiting for the signed agreement to be delivered by mail (unless it gets lost along the way), which you then discover is not signed at all, but full of comments about details that need to be changed before the deal can get signed. You understand where we are going with this, right?

Moving sales to the digital space means enormous opportunities for both you and your customers. And we are not just talking about the incredible comfort in being able to wear a dress shirt with the softest sweatpants in your closet during the sales calls. When the entire business journey, from demo to signed agreement, takes place over the internet, you gain lots of time and flexibility. A bit like taking a shortcut past the game’s most difficult players straight into the goal!

With digital sales, you avoid:

  • Limiting yourself to a specific geographical area
  • Long traffic jams and train delays
  • Relying on the mail
  • Emailing back and forth during negotiations
  • Stressing to the computer (because digital sales allow you to do business anywhere, anytime)

What does digital sales mean?

In short, digital sales is the sales processes that take place without meeting the customer face to face. You show and pitch your product through a video conference, create and send your quote through digital tools, perhaps negotiate price and terms directly in the contract tool, and sign the contract quickly and securely with an electronic signature.

But you can of course go deeper than that. The Digital Marketing Institute summarizes the components of digital sales in these points:

  • Digital research
  • Sales Enablement
  • CRM
  • Social Content
  • Digital Sales Messaging
  • Social Account Management
  • Digital Sales Leadership
  • Strategy & Integration
Digital sales with Oneflow

E-signatures as a digital sales tool

You probably know about e-signatures by now. Maybe you already use them in your organization today, or you have encountered them in a private matter. But did you know that e-signing is an important sales tool for growth? We’ll explain why.

Facilitation of sales activities

There is nothing – we repeat, nothing! – salespeople detest more than repetitive admin work. Why? Because it takes time from what salespeople do best – close deals. When they are still forced to enter data manually in different systems and double-check information, they lose momentum and time that they could instead have spent on pulling in new business. With the new generation e-signing tool, which also simplifies the steps before and after the signing itself, you can close deals up to 8x faster.

Automation of the whole process

A clear trend among high-performing sales organizations is automation of the entire contract process. From just being about the signing part, as we mentioned above, it is now becoming increasingly important to have a complete solution where you can also create, send, sign, edit and store your agreements and documents. You should not only save time when it comes to verifying a signature on a document, but also when you need to adjust the terms, invite more counterparties or produce information about expiration dates and other contract details.

Collaborate within the agreement

The most common is still that the seller uploads the agreement to an e-signing tool which in turn notifies the prospect that there is an agreement to sign. If the prospect requires changes, you must download the document, fix the changes, reload and finally send away for signing. But this is changing. With tools that allow you to collaborate with your prospect and make changes in real time, you skip all the hassle of static e-signing tools.

Privacy Protocol

It does not matter how advanced an e-signing solution is. With only the slightest violation of data protection standards such as GDPR, the supplier can receive large financial penalties. If you have customers all over the world, you need to make sure that your systems and processes comply with GDPR. From creating your documents to sending them to different parties for signing.

E-signatures in the Nordic region

Thanks to the EU regulation eIDAS, electronic signatures are valid in all EU countries as well as Norway, Iceland, Liechtenstein and the Faroe Islands. This means that you can use e-signatures to enter into legally binding agreements throughout Europe. However, there are three levels of legal status; simple, advanced and qualified.

The legal status of the signature depends on how these factors can be proven:

  1. Who signed? How secure is the identification of the person signing? The stricter the control, the safer the specific method.
  2. What was signed? Did the parties intend to sign and commit to the document?
  3. Has the document changed after signing?

Read more about e-signatures and what makes them legally binding here

Use of e-identification in the Nordic countries

Although regular e-signatures with SMS or email verification are secure and legally valid, signing with BankID gives an additional layer of security. Today, about half of Oneflow’s customers use BankID and the number continues to rise as security requirements increase. The users who mainly choose BankID as the signing method are found in B2C (customer agreements), recruitment companies and HR departments (employment agreements). However, it is also becoming more common in sales and other industries, as more and more business is done digitally. Choosing a contract tool that supports e-identification, such as Swedish, Norwegian and Finnish BankID and Danish NemID, is therefore important to have a solution that works in the long term.

Oneflow supports Nordic eID

How can Oneflow strengthen your digital sales?

Oneflow helps you shorten your sales processes by making it easier for you to send quotes with the right information, and for your customers to sign. Our platform is built around the cooperation between the various parties to the agreement – it should be easy to reach an agreement. Comment fields and real-time editing, are exactly the tools to help with that. And with notifications and reminders, you get an insight into when your customer has opened the agreement, how many times they have looked at it and when the validity period is expiring. That way, you know exactly when to turn on the charm to close the deal. You can also decide which e-signing method you want to use, BankID or verification via SMS or email, based on what suits you and your customer best.

You may be thinking, “But hey, can’t I use the data in my agreements to make smarter business decisions?” Yes, of course! Oneflow gives you a clear overview of important information that will help you strengthen your digital sales. Your agreements contain lots of information that you can use for smarter sales. Time to start taking advantage of it!

Book a demo of Oneflow to find out how you can sell smarter and faster today.

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