eSignatures are a growing staple of mainstream technology. As with any new innovation, doubts and myths arise with increasing popularity. With misinformation floating around the web, it can be difficult to tell fact from fiction. No need to worry! We’re here to give clarification regarding the most common eSignature myths.
Myth #1: It’s Riskier Than Traditional Signing
In a world of data breaches and fraud, it’s easy to imagine why one would be reluctant to digitally store sensitive information. However, many signature software companies go above and beyond to ensure security. MSB takes extra measures to ensure reliability such as signer identity verification, tamper-proof seals, and a comprehensive audit trail.
Myth #2: It Doesn’t Matter Who You Sign With
A quick Google search of the word “eSignature” brings up plenty of different signing services. The variety can certainly be overwhelming. After all, what’s the difference between them anyway? You may notice eSignature companies offer many services, each with different options for different needs.
Turns out there is quite a difference between them. For example, MSB tailors its services to diverse industries such as life sciences, healthcare, real estate, human resources, financial services, legal services, education, engineering, and government–as well as various regions (USA, Canada, India, China, Europe).
Myth #3: eSignatures Are Just a Passing Phase
While technology continues to expand, so does the eSignature market. As more business is done online, the demand for efficient signing processes increases. That’s why eSignatures are expected to grow 39% more by 2020.
Electronic signatures are here to stay.
Myth #4: It’s Costly
Companies that go paperless end up saving money on paper, ink, shipping and delivery costs. They also save money by cutting down on all the time wasted by employees who have to sift through stacks of paperwork.
The change is significant when we look at the numbers: 60% of employee time is spent working with documents. Companies that adopt digital solutions reduce 85% of document handling expenses on average. MSB pays for itself within six months or less.
Myth #5: You Need to be a Tech Genius to Use Them
Going from paper to digital can be daunting at first, but MSB seeks to make the transition as seamless as possible. MSB not only provides a user-friendly UI, but also in-depth demos and various tutorials to get you signing. All you need to get started is your computer. You can begin digitizing your documents in just three easy steps! Feel free to read more about the process here.