It’s been many years since I had to physically sign forms. Since then, I have been an avid user of electronic document signing services, in particular HelloSign. I take great delight at electronically signing every form that I receive, even when the sender is adamant that electronic signatures are not sufficient. After all, once an electronic image of a signature has been placed on a document, and then rendered as a PDF, there is very little way to tell the difference between it and a physically signed and scanned document.
At the end of the day, I have an aversion to paper and always take advantage of services that allow me to do away with filing. (As an aside, a shout-out to Receipt Bank, which I use to scan all of my paper receipts and invoices -- no longer do I have to spend time filing paper receipts away!)
Anyway, as I said, electronic document signing is a life saver, but one which, sadly, hasn't really seen much take-up at enterprises.
That may be set to change with news today that HelloSign has partnered with Oracle to bring e-signing to Oracle's Documents Cloud Service. This is interesting both from the perspective of all of those Oracle customers, but also from the perspective that HelloSign was chosen over the various alternative solutions in the marketplace.
The partnership allows Oracle customers to upload, fill in, sign, send and track their business documents. Available immediately, with the integration, the partners advise that Oracle customers can:
- E-sign or request signatures for documents stored in Oracle Documents Cloud Service
- Reduce cycle time to capture signatures on key agreements
- Utilize data validation to ensure recipients complete documents accurately
- Get real-time tracking of completion status of documents out for signature
- Customize signature request email copy
- Access signed documents automatically in Oracle Documents Cloud Service
- Reduce the need to print, sign and scan documents to issue an agreement
- Issue an agreement from Oracle Document Cloud Service from anywhere at anytime on virtually any device
Alongside the announcement, HelloSign is providing some statistics about the impact of electronic signing. I normally take these sort of figures with a hefty grain of salt, plucked, as they are, from the air. But having been a user of these services for many years, I am well aware that the time and efficiency savings from e-signing are very real.
For those that want the empirical figures, HelloSign suggests a 93% reduction in turnaround time with contracts. HelloSign claims that its customers have seen results like a near-10% increase in revenue, average savings of more than $50,000 annually in employee efficiency, and increase in sales close rates of up to 25%.
As I said, grain of salt stuff, but the bottom line is that e-signing certainly saves serious amounts of time.
Naturally enough, HelloSign is very excited about the partnership. "We couldn't be more excited about working with Oracle Documents Cloud Service to bring the ability to execute frictionless agreements to Oracle customers," says Joseph Walla, CEO and co-founder of HelloSign. "The power and convenience of being able to track, manage and execute businesses agreements, the foundation of any business, can directly affect growth. Together we're enabling enterprise companies using Oracle Document Cloud Service to increase revenues and efficiency while decreasing time to ROI."
And for those of you concerned about the legality of the service: All documents signed through HelloSign are legally binding under the 2000 U.S. Electronic Signature in Global and National Commerce Act (ESIGN) and the Uniform Electronic Transactions Act (UETA), and is compliant with Electronic ID and Trust Services (eIDAS) regulations. Data passed through HelloSign stays secure with SSL encryption and world-class server infrastructure.
Nice work, team!
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