How to save money on document signatures

Traditionally, the signing and execution of contracts, deeds, and other crucial documents were done in person, dependent on physical paperwork, wet signatures, documentation postage, and in-person witnessing. The Covid-19 pandemic, however, necessitated electronic solutions, and as a result, we saw a dramatic increase in the global electronic signature (e-signature) market.?

In 2020, the electronic signature market reached $2.8 billion, with current predictions believing the digital signature market will reach $14.8 billion by 2026. The appeal of e-signatures is obvious, enabling businesses to digitally create, customise, share, and sign agreements. Leveraging e-signatures allows for faster document turnaround and industry-level compliance – not to mention the positive environmental impact and significant savings in paper supply and postage costs. While the price varies between providers, e-signatures are a cost-effective solution that can save businesses money.

With an ever-growing market of e-signature vendors, choosing the right one for your business can be challenging, especially now when many small and large business owners alike face mounting pressure due to inflation and the ongoing energy crisis. It is more important than ever for companies to spend wisely to get more bang for their buck.

By now, many people will be familiar with supplying a digital signature, having done it at some point in their career or as part of their personal life, but until now, there was no legal evidence to ensure the true identity behind the signature, which is where Videosign comes in.

Benefits of Videosign.

Based in Liverpool, Videosign was ahead of the curve in electronic signatures, starting a few months before the pandemic struck. Videosign has many benefits that other e-signature software and services offer. First, it's more efficient than traditional methods; because the initiator and signer can communicate directly through video, there's no need for back-and-forth emails or phone calls. Second, it's more cost-effective; Videosign eliminates the need for printouts, postage, and other physical documentation costs. Third, it's more secure; all communications and signed documents are stored electronically, which reduces the risk of fraud or tampering.

What distinguishes Videosign from other e-signature software on the market, is that it allows professionals to remotely and compliantly identify, verify, meet, sign, record, and audit all of their client's business transactions in a secure, legally permissible way.

Here's how it works: meeting hosts can invite their clients to a secure meeting space where documents can be viewed, discussed, and signed face-to-face. They can also request that their clients undergo a pre-screening biometric identity verification process before joining the meeting using the 'Videosign Verify' feature. Signed documents are further secured by eIDAS Qualified Certificates making them tamper-proof and offering further protection. As if that wasn't enough, Videosign also records a video of all signees, witnesses, and notaries who are present at the time of signing and combines them into a single piece of evidence to show in real-time who was present for the signature and what was discussed at the time producing non-repudiable e-signatures, virtual witnessing and capturing intent.

Videosign's mission throughout the pandemic.

With international laws changing to allow digital signatures and remote witnessing and cyber fraud increasing, the Videosign platform evolved to enhance security and support remote working, which became 'the new normal' during the global lockdown of 2020.

Seeking to simplify remote working to support small businesses throughout the pandemic and beyond, features were added enabling users to remotely engage with clients face-to-face, with robust compliance features to help conclude more business while offering a better customer experience.

Seamlessly combining video conferencing, e-signatures, certified digital document collaboration and biometric remote identity verification into one simple, cloud-based meeting room - directly in the browser, with no complicated downloads or installation required - businesses have everything they could possibly need to thrive in an increasingly hybrid/remote world.

It is this that makes Videosign such a cost-efficient solution. Many businesses are feeling the pinch right now and are having to tighten their belts. Rather than investing in three separate solutions, which add up to a large sum of money, why not invest in one platform that incorporates these different functions into one solution? Whatsmore, Videosign have recently secured over ￡1m worth of investment to develop exciting new features that will further benefit users.

Secure electronic signatures, verification, virtual meeting rooms and much more.

If you're looking for a more efficient, cost-effective solution and a secure way to sign documents, look no further than Videosign!?

Videosign’s goal is to become the most secure remote signing platform on the market and the ultimate business for remote working, and by constantly adding new features and improving existing ones, they are well on the way to achieving this.

To learn more about our platform and how Videosign can accelerate your business growth, visit their website, or request a demo today.