The earliest adopters of digital signature software were focused on the most obvious ways the technology would save them money. It was easy to calculate the cost of paper and delivery of documents. But those aren’t the only costs connected with paper documents. You also have to consider the cost of tracking, storing or destroying important documents. Simply adding up the costs that could be eliminated with an investment in electronic signature software makes a very compelling case for going paperless.
Storing and managing paper records can cost 50 to 75 times more than electronic records. Here are a few surprising examples of the the significant costs of using paper documents:
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Scanning paper documents can eliminate some of the downstream costs, but the overall costs associated with scanning have been estimated at nearly $5 per page.
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The expenses associated with filling a standard filling cabinet have been estimated at more than $20,000 with another $2,000 each year to maintain those records.
These savings in hard costs make for a relatively simple cost benefit analysis, but they are only the tip of the iceberg relative to the many other savings in efficiency and other benefits of electronic signature technology. Integrating digital signature software into your sales process can:
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Reduce errors in documents
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Increase customer acceptance of contracts
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Speed up receipt of revenue and delivery of services
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Give sales agents more time to focus on selling
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Improve client perception
