The e-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 also some uncertainty.
A lot of the uncertainty comes from trying to determine the return-on-investment (ROI) of adopting e-signatures. Of course, e-signatures create a more efficient workplace and speed up the pace of business. But today I’m just going to talk about the savings from eliminating fixed costs of doing business on paper.
I could wow you with statistics from top credit unions that switched to e-signatures, but I know each credit union's cost savings are different.
Instead, we’ve created a simple Excel worksheet to help you discover the ROI of switching to e-signatures for your credit union.
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 e-signatures will yield a positive ROI for your credit union.
Have you seen cost savings from switching to e-signatures? We’d love to learn about it. Comment below or Tweet us @signixsolutions to tell us your ROI success story!