{"id":8970,"date":"2022-07-15T07:00:59","date_gmt":"2022-07-15T07:00:59","guid":{"rendered":"https:\/\/carecomputers.co.uk\/?p=8970"},"modified":"2022-07-15T07:00:59","modified_gmt":"2022-07-15T07:00:59","slug":"why-accountants-are-moving-to-an-esignature-solution","status":"publish","type":"post","link":"https:\/\/creativeideasfactory.co.uk\/carenew\/why-accountants-are-moving-to-an-esignature-solution\/","title":{"rendered":"Why Accountants Are Moving to an eSignature Solution"},"content":{"rendered":"

Increasingly, accountants are turning to eSignature solutions to speed up their document workflows. Waiting to print off, sign and scan important financial documents and statements is unnecessarily slowing your business down.<\/p>\n

For accountants, adopting a digital signature process dramatically speeds up your workflow and helps cut down on costs.<\/p>\n

The e-signature market has grown rapidly in the last few years, with the market projected to reach $14.1bn by 2026<\/a> \u2013 and for good reason.<\/p>\n

What are the benefits of using an e-signature to sign off accounting and financial documents? Why should accountants ditch the outdated \u201cprint and sign\u201d method?<\/p>\n

In this article, we will discuss 6 key reasons why accountants should make the switch to an eSignature solution<\/strong>.<\/p>\n

Meet Tight Deadlines<\/h3>\n

Especially during busy periods of the year \u2013 like tax filing season \u2013 accountants routinely suffer from mounting, tight deadlines. The traditional approach can take hours or even days to get documents sent and approved.<\/p>\n

With an eSignature solution, there is no more waiting around for your clients to print and sign documents<\/strong>. A digital solution also removes the need for documents to be mailed or faxed to you to approve. Sending documents by email or SMS is infinitely faster.<\/p>\n

Accountants can also speed up their processes by using pre-made templates instead of compiling every document by hand. With digital signature solutions, it is far easier to track the status of document signing<\/strong>. This makes it easier to manage outstanding signatures and improves your chances of meeting every deadline.<\/p>\n

According to LunarPen, eSignatures slash the time it takes to obtain signed documents from 5 days to 37 minutes<\/a>. Forrester estimates that digital signature solutions save accountants over 22,000 hours annually<\/a>.<\/p>\n

Better Customer Experience with eSignature<\/h3>\n

Digital signature solutions provide a better, more seamless customer experience when compared to traditional signing methods. Simply put, signing documents is a pain. Dealing with paperwork is consistently hated by clients across the board. Any effort to streamline this process helps improve the customer experience (CX).<\/p>\n

Another key effect on CX is improving accuracy <\/strong>and reducing errors<\/strong>. As digital documents are far easier to track, eSignatures lead to an average 80% reduction in errors<\/a>. The fewer mistakes made, the happier your clients will be!<\/p>\n

What is the overall effect here? DocuSign estimates that eSignatures improve customer loyalty by up to 500%.<\/a><\/p>\n

Compliant with Regulations<\/h3>\n

The biggest misconception when it comes to electronic signatures is that they are not compliant with regulations. This simply is not true.<\/p>\n

In the UK:<\/p>\n