CHBO General Corporate Housing

The Top Reasons Electronic Signature Growth is Coming

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Published Date: 2022-02-02
Electronic Signature

Electronic signatures are becoming more popular every day. In addition, businesses are increasingly using the Cloud and setting up remote offices, so virtual documents are a necessity.

What does this mean to those who offer corporate housing? Read on and find out our predictions.

It Will Become Expected

Since the pandemic started, new methods of accommodating customers have been needed. eSignatures were a simple way to get things done for remote organizations.

Based on research done in 2021, 95% of companies are using or plan to use electronic signatures in the future. It won’t be long before it’s what everyone is doing.

Electronic Signature Growth

Expansion Will Occur

Nowadays, eSignatures are primarily used for the end of agreement processed. For instance, you make a rental agreement and negotiate with a tenant before you both sign electronically at the end. This process will only become more streamlined as technology grows. As hybrid workplaces skyrocket, digital tools will make more use of eSignatures.

New Laws Will Be Made

Some parts of the agreements need to be done in person. For instance, a third party is required in some cases. As more and more people move toward multi-party transactions without being face to face, many locations are moving toward online witnesses to meet the needs of furnished housing landlords and other business owners.

Additional Functionality Will Come

Virtual negotiations may occur in the future rather than being a single signing experience. This could also lead to contract revisions that arise between two people (or more) in real-time.

This lets corporate housing owners use all sorts of technology in the contract process. It could also lead to better customer service and the potential for additional tenants.

Touchless Will Become the New Normal

With the pandemic, safety has proven to be endlessly important. Efficient and secure methods of doing business with technology will replace the traditional options.

McKinsey shows that the US has seen a preference for contactless interactions that has increased by 20%. Touchless interactions involve all sorts of technology, some more straightforward to use than others. It’s essential to choose the best solutions for your furnished housing business by researching your options.

Are you ready to take advantage of electronic signatures for your furnished housing rentals? With CHBO, you can use DocuSign to make the process simple. Upload your documents, tag them for dates and signatures, and send them off to be signed. Then, get the signed document back without the need for in-person visits!

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