In the digital age, electronic signatures (eSignatures) have become a game-changer for businesses. They not only streamline the signing process but also reduce costs associated with traditional paper-based methods. One of the most cost-effective ways to implement eSignatures in your business is through a pay-per-use platform. Here's how you can get the most value out of your pay-per-use eSignature platform.
The first step to maximizing value is understanding your usage. How often do you need documents signed? How many signers are typically involved? By understanding your usage patterns, you can better predict your costs and budget accordingly. Remember, with a pay-per-use model, you only pay for what you use, making it a cost-effective solution for businesses with fluctuating needs.
Most pay-per-use eSignature platforms, like GoodSign, allow you to send multiple documents to multiple signers with a single credit. This feature is particularly useful when you need to send the same document to several people, such as a company-wide policy update or a contract to multiple vendors. By leveraging bulk sending, you can significantly reduce your costs per signature. GoodSign offers a steep discount for 1000+ credits and these credits don't expire.
Templates can save you a lot of time and effort, especially when you frequently send out similar documents. By creating a template once, you can reuse it as many times as needed, reducing the time spent on preparing documents for signing. This not only saves you money but also increases your team's productivity.
Chasing down signatures can be a time-consuming task. Fortunately, many eSignature platforms offer automatic reminder features. These reminders can be sent via email or SMS to signers who have not yet completed their signatures, saving you the hassle of manual follow-ups. This feature not only improves the signing completion rate but also frees up your time for more important tasks.
Good eSignature platforms offer robust document management features. These may include tracking the status of sent documents, storing signed documents securely, and providing an audit trail for legal purposes. By utilizing these features, you can improve your document workflow, reduce the risk of lost or misplaced documents, and ensure compliance with legal requirements.
If you're a business with a high volume of documents or complex workflows, consider leveraging the platform's API. This allows you to integrate the eSignature platform with your existing systems, automating the sending and receiving of documents and further streamlining your processes. While there may be a learning curve involved, the long-term benefits in terms of efficiency and cost savings can be substantial.
Let's lay it out clearly with a table that showcases the value of GoodSign compared to traditional subscription-based eSignature platforms:
π Feature | π GoodSign (Pay-Per-Use) | π³ Traditional Subscription Platforms |
---|---|---|
Payment Method | Pay per usage at $1.50/envelope | Monthly/Annual subscription |
Cost Efficiency | Only pay for what you use | Pay even if unused |
Team Members | No extra cost | Additional cost for team members |
Feature Access | All features unlocked | Features gated by plans |
Expiration of Credits | Credits never expire | Limited by subscription period |
Bulk Sending | Available | Limited to higher tiers |
Templates | Unlimited use once created | Often limited by plan |
Automate Reminders | Included | Often limited by plan |
Document Management | Robust and secure | Varies, typically better in top tiers |
Web Forms | Free | Often in upper tiers |
A pay-per-use eSignature platform like GoodSign offers flexibility and cost-effectiveness, especially for businesses with variable signature needs. By understanding your usage, leveraging bulk sending and templates, automating reminders, utilizing document management features, and taking advantage of API integration, you can maximize the value you get from your eSignature platform.
Remember, the goal is not just to reduce costsβit is to improve efficiency and productivity, ultimately leading to better business outcomes.
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