Today, only 20% of businesses say automating tasks such as invoicing and contract validation is the second most crucial use of AI. However, one reason for the slower adoption of artificial intelligence in contract management is the lack of awareness and pervading confusion about what is contract lifecycle management and what is an intelligent contract. Contracts need …
Businesses have switched from printed copies of documents to digitalized options, mostly stored in the cloud. Consequently, even signatures have become digitalized. Today, signing contracts and letters digitally is a common business practice. Let’s learn more about electronic signatures in business. A Quick Introduction Electronic signatures or e-signatures are a way to legally sign contracts …
Have you ever thought about why eSignatures are replacing wet signatures? Relying on wet signatures or signatories by pen and paper is time-consuming. This can be translated as a delay in executing critical business processes. Wet signatures are costly. You need to prepare tons of documents, ship them, and then wait for an indefinite period …
Can a simple feature such as e-Signature become so vital that it may affect the efficiency of contract management in a business? This is exactly what the beauty of an electronic signature tool is: however simple or small it may seem, it directly brings speed and security in contracts. Let us understand how. e-Signature and its significance …