Using an electronic signature process results in a “greener” company…in more ways than one. From an environmental perspective, paper has been eliminated and mailings are reduced. There are less resources being consumed, yet more contracts are being signed. That’s the other “green”. Sales reps close deals faster, and customers will use your products and/or services much quicker. Repeat orders come in rapidly, which means your company is moving products faster and your customer satisfaction levels are higher. All of this happens because of the efficiencies gained through the use of electronic signing.
Besides the benefits listed here, upgrading your paper process to an electronic one also adds more flexibility and cash flow into your existing infrastructure. Resources and funds are now able to be allocated towards something other than filing, maintaining or storing documents. And, because of the increase in productivity most businesses find themselves able to move ahead in directions they thought would have been years away while using a paper process. Faster contract close times, a lighter environmental footprint and more satisfied customers are the benefits you can look forward to when adding electronic signatures. Actually, using an electronic signing process may make your competition turn green…with envy, if they are still using paper to close deals.
On May 14th at 1:30PM, Bryan will moderate a session titled: “Adding Business Value with Customer Focused Initiatives”. The panelist will include Andrew Cotter of Somerset Capital and Bill Brice of Alpha Trust. Join us for an efficiency and customer focused panel to learn how leading lessors and financial institutions have implemented various tools to increase their efficiencies, effectiveness and responsiveness. Topics will include customer web portals, paperless initiatives and much more. The high level perspective will include both an operations and technology focus.
Please stop in, ask questions and take the time to meet Bryan. He will be more than happy to talk with you about improving your organization’s efficiency through electronic signatures.
I recently had the opportunity to sit down with Allan Levine, Chief Operating Officer of Madison Capital, LLC www.madisoncapital.com and discuss the overall impact of implementing eOriginal’s electronic signature solution. Allan has been in the leasing business for over 35 years (I know! …I thought he was only 40 too) and has seen many technology products come and go… from the hand held calculator to electronic signatures. He made the decision to deploy electronic signatures at Madison Capital over a year ago and has seen much success as a direct result. Take a look at this short video clip of my interview with Allan and his take on the benefits Madison Capital has reaped from an ROI perspective through to improvements to their overall process.
Stay tuned for more segments of this interview in the coming weeks… you can also watch this electronic signature video directly on YouTube: http://www.youtube.com/watch?v=06spg2netDM
As one of the few vendors in the electronic signature solutions space to provide customers with the option to utilize our technology in a SAS-70 hosted environment, or to deploy and operate the software within your own data center, I’m often asked what is the “right” solution. Of course, the answer to that question spawns new questions back to the customer. What is your timeline for deployment? Do you have a network operations center in place to operate and manage the software? Do you have low, moderate or high transaction volumes? And many others.
A good rule of thumb that I go by is that if you…
Need to deploy a signature solution quickly
Want to minimize upfront expenses
Have low-to-moderate monthly transaction volumes
Are challenged by IT’s workload to deploy new applications
Specialize in Microsoft .Net or other non-Java development platforms
Then the eCore On Demand (EOD) solution is probably right for you.
However, if you…
Have a good business case supporting the implementation of electronic signatures
Have a mature data center in place to deploy and manage our Java-based software
Have or anticipate high monthly transaction volumes
Have security or business requirements that require in-house control over the electronically signed documents
Then deploying eCore in your own data center is probably right for you.
When it comes down to it, there is no one size fits all answer for everyone. We work closely with each customer to determine the right deployment to meet your business and technical requirements.
Regardless of your deployment scenario, eOriginal’s technology will ensure that your electronic signature solution produces legally admissible and enforceable electronic documents.
If you have any comments, suggestions or thoughts on how to select the right deployment solution, write back here.
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