Benefits of Agreement Automation

A Guide For Business

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E-Sign is used as a cost-effective solution to significantly speed up the process of collecting e-signatures verified on key documents, such as contracts, agreements and policy documents, enhancing customer satisfaction and increasing your brand reputation, as well as significantly improving business productivity and reducing costs.

Established in 2012, E-Sign Ltd is one of the UK’s leading electronic signature providers and is used by countless organisations across numerous sectors including legal, recruitment, real estate, financial services, debt recovery, media production, software, public sector and utilities to sign online documents.

Benefits of Agreement Automation

Posted 21st January 2020

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Benefits of Agreement Automation

Trillions of pounds in financial agreements are processed each year. This includes credit agreements, loan/lease agreements, new account openings, mortgages, pensions and annuities. Despite the rise of digital adoption within consumer industries,the majority of these financial agreements still rely on manual, semi-manual or disjointed paper processes.

Disjointed manual agreement processes are a huge risk for financial institutions (FIs). They frustrate customers, leading to high drop-out rates; they create inefficiencies, contributing to high operating costs; and they do not provide any visibility into whether agreements are executed in a consistently secure and legally enforceable way. These issues can lead to legal disputes and regulatory non-compliance.

Today’s financial services customer is looking for speed, ease and convenience – whether online, mobile, through an intermediary, or in-branch. Innovative financial service companies looking to win new customers and increase customer loyalty are turning to technology to help improve the customer experience, without compromising on risk. Automating the agreement process in today’s digital world not only involves digitalising how agreements are prepared, signed and managed, but also how customers involved in the agreement process are verified and authenticated.

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