Top 3 Trends & Benefits of Electronic Signatures: Part 4

Businesses and government agencies have made significant progress in their digital transformation efforts to bring an end to the paper era, but we are all still a long way off. While many businesses continue to invest in digitizing outmoded paper-based processes, more mature businesses are focusing their resources on updating existing digital processes and increasing completion rates.

The acceleration of digital developments continue to evolve throughout the new business environments. This includes the use of digital technology to automate and optimize daily business procedures, such as e-signatures, smart digital forms, and increased authentication. Electronic signatures and digitizing enterprises are predicted to be dominated by the following trends.

Electronic Signature Trends

1. Paper-based operations will be replaced by sophisticated, digital interactions

In today’s digital environment, static PDF and web forms are becoming fossils in business operations. The automation and updating of forms are critical to reducing frustration throughout every operational process. It’s vital to embed intelligence into online forms, particularly agreements that must be e-signed, to ensure that staff and customers can complete the experience without difficulty. As part of the digitization of paper-based operations, e-signature enhances efficiencies without a doubt. That’s why companies are investing in smart digital forms to convert long, complicated PDFs into mobile-friendly forms that can be filled out on any device.

2. Regulations will expand to include digital signing of more types of contracts

Electronic signatures, which have the same legal effect as ink signatures and paper-based documents, will become more widely used across sectors and governments. Many countries are currently expanding the use of digital signatures in areas where physical signatures were previously necessary. We should expect continued technological advancements to enable the implementation of legally enforceable agreements that were previously thought to be impossible to implement digitally.

3. Electronic signatures with more rigid identity verification

Enhanced remote processes with improved authentication and identity verification checks will boost digital transformation. Agreement processes and standard paperwork requirements that have traditionally been completed in person will begin to be phased out, resulting in a greater demand for identity verification of the signer to adhere to cyber security, and prevent fraud. This is especially true in businesses like financial services where high-risk contracts are common. To safeguard these documents and increase compliance, an electronic signature solution will be able to provide a wide range of identity verification and authentication capabilities.

Electronic Signature Benefits

1. Office and Environmental Savings

Using secure forms of signature is necessary, which, when combined with cost savings from printing, storing, and sending, results in a significant reduction in miscellaneous costs. Everything is digitally saved and processed, so there are no hidden costs due to human error or ignorance. Organizations that rely on paper-based manual procedures to close contracts waste time, money, and paper. Digital signatures eliminate the need for printing, minimizing paper usage and waste, and thereby lowering environmental impact.

2. Improved Efficiency

Personnel who have to follow up about the status of documents waste a lot of time. But through digital solutions, all electronicall signed documents are in one place, making it easier to check where they are in the signing process. If these documents need to be sent to several stakeholders, the entire process for signing can be automated with a single click of a button. This allows companies to reallocate resources away from manual, tactical jobs to more strategic ones.

3. Reduce Security and Error Risks

Despite the fact that email is one of the most vulnerable platforms to cyber-attacks, it is still the most common method of sending documents. Cyber and operational risk can both be reduced by using digital transmission with secure electronic signatures. Furthermore, storing contracts digitally lowers the risk of disaster recovery. Businesses can also reduce human error and improve accountability by assigning different responsibilities to recipients, such as signers and approvers, and then routing documents through automated workflows. Additionally, where enterprises are distributed across multiple locations, compliance is critical. Digitization allows the company to provide a consistent experience while saving time and effort.


Organizations can employ electronic signatures to transform their processes as business digitization initiatives expand and the acceptance of e-signatures rises. When combined with the KRIS Document Management System (DMS), the new KRIS e-Signature software for Singapore provides a consistent and secure experience across all business units and channels. Businesses can use digital signatures to develop, edit, send, and sign contracts in a secure and digital manner. Everyone participating in the signing process benefits from electronic signatures. Electronic signatures can also be openly tracked and reviewed as part of a robust audit trail that ensures the integrity of all firm documentation using a variety of preset workflows.

In this 4-part Electronic Signature series


KRIS e-Sign

Streamline Signing Process with e-Signature Workflow.

Expedite Document Turnarounds.


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