How eSignatures & the Cloud Drive Digital Transformation

The COVID-19 pandemic was a big enabler for organizations looking to take the digital route. This is supported by a survey by LogicMonitor, a cloud-based infrastructure monitoring platform, stating that 87% of companies intend to migrate to the cloud. Increasing digitalization has created the need for flexibility, security, and scalability.

Companies are looking for technologies that optimize data and help them expand their operations and revenue. Unfortunately, traditional hosting and data center services run on legacy systems and refuse to keep themselves updated with customers' current needs. The solution is cloud computing. Organizations can utilize it to continue providing services to customers seamlessly.

The cloud is a metaphor for a global network of remote servers that operates as a single ecosystem.

What is Cloud Computing?

Cloud computing helps organizations enhance their computing power by purchasing, installing, and maintaining their servers. It involves the use of remote servers, networks, and software applications to store, manage, and process data over the internet. Organizations can access computing resources on demand without the need to own and maintain their physical servers.

The cloud computing model has helped organizations scale rapidly and create additional value. It eliminates the need to depend on legacy systems to host digital applications. It also makes your data ubiquitous, helping you access it anytime, anywhere.

Organizations reliant on data can use cloud computing more effectively to provide a valuable experience to customers. In addition, it can improve business processes while making data accessible for all teams.

Cloud spending has increased by 37% across all organizations globally

Benefits of the Cloud

Organizations are leveraging the cloud due to its far-reaching benefits. Since employees work remotely, organizations are considering implementing the cloud to gain efficiency early on. Here are its advantages:

• Instant Accessibility to Data – Clients and employees can access data instantly on any device, regardless of location. They can witness any updates or modifications immediately.

• Complete Virtualization – Companies can leave behind hardware and software to go completely virtual. This is ideal for companies looking to control their technological costs.

• Centralized Security – Organizations can be assured of the security of their data on the cloud owing to data encryption and two-factor authentication. It lowers the risk of data loss and reduces the pressure on teams or individuals to back up their data manually.

• Huge Performance Boost –Cloud computing improves the benefits of input and output operations. It reduces downtime while updating software patches or fixing security bugs.

• Business Resilience – Organizations can build resilience and protect themselves against unforeseen circumstances and disasters. Cloud assists them in storing data and gleaning valuable insights for faster decision-making.

73% organizations consider cloud optimization as their top initiative

How the Cloud Enhances Customer Experience

The cloud can be a great leveler of offering unique experiences. As data becomes central to driving experiences, enterprises can leverage the cloud to eliminate data silos and enhance customer experience.

A business can save data on servers, applications, and databases. Without the ability to share this data across business lines, it becomes impossible to innovate and deliver new products or services.

A cloud service strategy enables an organization to migrate to the cloud. It assists them in creating a simple architecture and holistic data strategy. As the cloud becomes a repository for storing and collecting new data, it leads to faster deployments of products.

Another prime advantage of the cloud is its ease of use and automation. Clients can shift customer data to the client to become their central storage point. Backup is the primary purpose of the cloud, with the data on the cloud able to be duplicated across multiple storage locations.

The cloud brings transparency to the customer journey. Companies can use this data to provide personalized experiences to customers. In addition, the cloud is highly secure for managing data and customer interactions. It makes it easy to identify trends and make better decisions for improving the customer journey.

How Do Electronic Signatures Fit in?

Electronic signatures help in managing workflows and keeping processes operational. Operational functions can become monotonous and repetitive after a while. Companies require technologies that help them automate processes and ensure employees focus on core tasks. Cloud computing provides a platform for storing and accessing digital documents and electronic signatures from any location with internet access. This means that users can sign documents digitally without having to be physically present or exchange paper copies. Cloud-based electronic signature services like DrySign allow users to sign documents from their computers, tablets, or smartphones.

Signing documents electronically signals the shift of companies looking to digitize their data and take advantage of its benefits. Electronic signatures or eSignatures provide a secure method to sign documents and transactions. It also changes how companies think of collaboration and assigning tasks in the future. Overall, the combination of electronic signatures and cloud computing can improve the efficiency, accessibility, security, and compliance of document signing processes for businesses and individuals alike.

Also Read: How Digital Signatures Improve Efficiency in the IT Sector

How is DrySign Effective?

DrySign is a secure and efficient electronic signature solution that offers a centralized location for managing and signing digital documents. DrySign allows users to save documents securely on the cloud and prevents unauthorized users from access. Significant benefits of DrySign that set it apart are:

• Document Security and Verification – Users of DrySign can verify the identities of recipients before giving them access to sensitive documents. Companies use two-factor authentication to strengthen the user's account defenses.

• Compliance with Latest Standards – DrySign adheres to electronic signature laws and their latest amendments. It is legally accepted and enforceable by law.

• High Efficiency – Users can utilize eSignatures to procure signatures on essential documents quickly, providing clients with a seamless signing experience.

• Simplify Document Management – Documents can be organized, with new formats introduced to accelerate execution. Electronic signatures reduce the potential for human error and enhance document management.

• Increased Productivity – Electronic signatures can increase employees' productivity while eliminating repetitive tasks.

• Lowers Expenses – The costs of physical storage are reduced, enabling higher savings for companies.

• Trust – DrySign helps create a feeling of trust and confidence between users and their clients, considering the issues of data integrity and security in the current workspace.

Conclusion

The cloud is an accelerator of digital transformation and opens up new opportunities. It enables organizations across industries to centralize their operations and deliver services seamlessly. Leverage the power of the cloud and eSignatures to share data among alliances and unlock new business opportunities with DrySign.

Source: financesonline.com

DISCLAIMER: The information on this site is for general information purposes only and is not intended to serve as legal advice. Laws governing the subject matter may change quickly, and Exela cannot guarantee that all the information on this site is current or correct. Should you have specific legal questions about any of the information on this site, you should consult with a licensed attorney in your area.

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