How to Calculate the ROI of Electronic Signatures for Your Business

The electronic signature market is in about the same place today as the Internet was in 1997. There’s tons of potential and a lot of hype, but there’s still some uncertainty.

A lot of the uncertainty comes from trying to determine the return-on-investment (ROI) of adopting electronic signatures. Of course, electronic signatures create a more efficient workplace and speed up the pace of business. But today I’m just going to talk about the fixed costs of doing business on paper.

I could wow you with statistics from Fortune 500 companies that switched to electronic signatures, but I know each business’s cost savings are different.

Instead, we’ve created a simple Excel worksheet to help you discover the ROI of switching to electronic signatures for your business.

This worksheet will help you calculate the cost of:

• Printing documents
• Mailing documents
• Faxing documents
• Scanning and filing documents

Once you’ve calculated the annual cost of paper-based processes, it'll be easier to know if electronic signatures will yield a positive ROI for your business. 

Have you seen cost savings from switching to electronic signatures? We’d love to learn about it. Comment below or Tweet us @signixsolutions to tell us your ROI success story!