Legal01 September, 2021

Streamline legal document approval with an e-signature tool

With all the printing and scanning involved, collecting signatures manually from various stakeholders is a nightmare even when most of them are working in the same space. Imagine this scenario when contract parties are based in different workstations! There will be significant delays in getting contracts approved, and you will end up losing lucrative business deals.

For example, if you are looking to digitise contract processes, it is nearly impossible to keep e-signature tools out of the tech implementation plan. Whether your motive is to save time, money or the planet, the benefits of e- signatures are many. With an e-signature tool, you can complete up to 82% of agreements in less than a day, and 49% in less than 15 minutes and an e-signature tool allows you to save an average of €30 per agreement by reducing hard costs and improving employee productivity.

The cost-saving benefits of e-signatures are applicable not just to legal documents or contracts but any other document that needs approval. With an effective e-signature tool, you can execute signature flows quicker, and abolish the legal department bottleneck, while protecting confidential information. E-signatures eliminate the costs of printing, faxing, scanning, express delivery and the risks involved with “print-sign-scan”.  What’s more? You can get instant status visibility and always know where your contracts are in the signing process and set automatic reminders and receive notifications at every step.

 E-signatures are secure as they offer the strongest levels of legal enforceability, including audit trails, signature encryption and tamper-seal certificates to protect your contracts from repudiation.

Whether it is to reduce risks, simplify contract approval, improve compliance, or shorten sales cycles, integrating an e-signature tool is simple, and the impact can be powerful!

Legisway integrates with leading e-signature providers to make collecting signatures on contracts, agreements and legal documents quick and secure, while protecting confidential information. E-signatures eliminate the risks involved with “print-sign-scan” by keeping your data secure and private at all times. Accelerate and centralise the process and follow-up of your legal documents signatures in Legisway and benefit from complete integrations of eSignature platforms with our partners. To learn more visit our website.

Contract Lifecycle Management: the irrefutable need for technology
In this whitepaper, we discuss why contract lifecycle management (CLM) matters more than ever before, moving from ‘cool-to-have’ to ‘crucial-for-survival’ and we outline key tools that legal departments must invest in to streamline contract lifecycle management.
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