Digital Signatures: Accelerating Digital Documentation in the Philippines | DrySign in Philippines

Sustainable and ethical business practices are suitable for the people, your business, and the planet. Embracing values like transparency, healthfulness, diversity, and environmental stewardship can help organizations attract and retain talent, stay ahead of government regulations, grow customer loyalty, and foster economic well-being and market growth. They often go hand-in-hand with practices increasing business efficiency, productivity, and agility.

For most organizations, environmental, social, and governance (ESG) issues have become a growing concern. It has not only spurred ethical and regulatory compliance requirements but also increased customer demands.

A third of all global customers now prefer to buy from brands they believe are doing environmental or social good.

87% of people stated that they are more likely to buy from brands that support issues they believe in, while 76% stated that they would instead not buy from brands that are on the wrong side of issues having conflict with their values.

In addressing critical ESG issues, digital transformation can be a vital tool for simplifying processes for business owners. Now that technological advancements have made it all easy to digitize operations, organizations are increasingly moving towards automation and digital tools to streamline their day-to-day processes. However, the digitization of documents is an item that still needs attention. Digitizing your documentation can do wonders for your business. Here’s everything you need to know about digital documentation and the role of digital signatures in augmenting it.

Challenges of Document Management beyond COVID-19

• Increased need for physical storage space due to social distancing protocols
• Labor shortages
• Hybrid or staggered workforce
• Document security

Digitizing documents – More important than ever

Over the past few years, digitizing documents has become more of a ‘must-have’ than a ‘nice to have.’ Therefore, reimagining how documents are processed, accessed, and stored is crucial to the success of any business. Furthermore, organizations have drastically transformed their workplaces during the last few years and have adopted an agile ideology. Consequently, it has become equally crucial to adopt a better document management system and create a more agile environment concerning documentation.

With every organization now prioritizing digitization for their business processes, the use of electronic documents and digital signatures have skyrocketed. Electronic signature solutions now provide electronic documents with end-to-end security, the same legal protection as paper-based documents, and easy cloud storage to access documents quickly and effortlessly. For example, Philippine courts will be duty-bound to accept electronic documents as evidence. There are still some documents that need physical attestation or signatures. However, the regulations to accept e-signatures and digital documentation for all business is not too far in the future.

Digital Documentation Benefits beyond COVID-19

• Greater process efficiency
• Robust documentation and processes
• Improved information sharing
• Strengthen workplace security
• Improved business continuity and flexibility

Conclusion

With increasing compliance and security requirements and stringent working conditions, digitization is the only way businesses can make it ahead of the curve. DrySign, a leading e-signature solution, helps automate your business processes and streamlines workflows. In addition, DrySign has a wide range of features to future-proof your business growth. Start DrySigning now!

To know more about eSignatures necessity for digital documentation & DrySign Benefits click on the link: https://drysign.exelatech.ph/blog/digital-signatures-accelerating-digital-documentation-philippines