Many different kinds of businesses have already begun to use e-payment and e-signature software. PayPal, Docusign and SignNow are fairly common examples. But not all businesses have realized the great advantages that these software types can offer.
Aside from compliance issues, probably the most notable advantages of using e-signature software are saving time and money. You won’t have to chase paper or spend time printing, scanning, copying, faxing and mailing. You’ll also save money on the costs associated with these activities such as paper, ink, delivery, file storage and disposal. Not to mention that, with all the paper you won’t be using, you’ll be helping the environment.
Furthermore, e-signature software is a value-added service for your customers. PDCflow offers a user-friendly interface for customers to quickly access contracts or other documents. It also provides all parties with digital copies of any signed papers and offers greater security. And because everything is online, PDCflow saves your customers the hassle of keeping track of important documents, printing and mailing costs, and time.
Often, e-payment and e-signatures go hand in hand. Both debit card payments and check payments can fall subject to Regulation E, which requires a signature as authorization. e-Payment reduces costs and risks for businesses such as administrative costs, fraud, and theft. The transparency of online payment systems simplifies tracking financial flows and offers customers convenient access to payment histories. And if you’re conducting business nationwide, e-payment with PDCflow makes transferring money a much faster process.
Online payment systems are another value added service for your customers. Show them that you respect their time by providing a fast, easy and convenient way to handle billing. Additionally, it provides greater flexibility, and customers can make payments on the go using their mobile device. You can even send your customers email reminders regarding billing due dates.