Forget about scanning and printing. Electronic signatures will take your digitalization process to the next level – and will streamline your contract workflow. The cost savings are significant.
Precisely allows you to create electronic signatures on a limitless number of documents. Close deals, execute contracts and onboard new hires quicker than ever before. No more paper.
STEP 1: Start a project
Documents are sent for signing under Projects in the app. From the menu to the left, you can create the contract from a template, start blank or upload a .pdf.
ATTN: In case you choose Upload and sign, you easily import the document you want to sign instead.
STEP 2: Choose recipients
Once you've created a contract from a template, or uploaded a .pdf, click on Signees > New and then enter the information about your recipients: organization, name, email address and title.
PS. Your counterparties do not need to have a Precisely account in order to sign. They basically only need a connected device (e.g. Smart phone or computer) with access to the World Wide Web, a.k.a. the Internet and an e-mail address.
STEP 3: Enter your message and send for signing
Once the contract is created or uploaded, click on Send for signing to fill in your message to the signers. Then click on the blue Send for signing button to send the contract for signing. Simple as that.
What happens next?
Once all recipients have signed the contract, it will automatically be transferred to your contract archive. No more printing and scanning.
Are electronic signatures legally binding?
We often get the question whether electronic signatures are legally binding or not and the simple answer is: yes! Electronic signatures from Precisely are legally binding in 99,99 % of all cases. They are compliant with regulations within the European Union (see Regulation No 910/2014 – eIDAS) as well as in the U.S. (see Electronic Signatures in Global and National Commerce Act – ESIGN and Uniform Electronic Transactions Act – UETA).
What about the other 0,01 %? In some rare cases, there are provisions in specific laws stating that the contracts need to have a certain form (e.g. that they have to be written and signed on physical paper). In Sweden, for instance, it’s basically only relevant for purchase agreements regarding real estate and site leasehold rights.