As a small business owner, you don’t have large budgets or endless resources to help you get the job done. You probably dread paperwork, yet it’s the foundation for successful deals. An article from Quartz discusses how 40% of America’s workforce will be freelancers by 2020. This shift towards freelance/temp workers means employers need to modernize their contract management, so they can juggle a variety of work arrangements while still driving revenue.
In the past, paper contacts used to be sufficient. Employees could come into the office, discuss the contracts in person and then sign off on the terms. Today, remote teams are the norm and paper contracts haven’t kept pace with this change. Processing paperwork with remote workers requires numerous email exchanges, faxes, scans, and phone calls to hammer out the agreements.
Bill payments and banking are done online. Isn’t it time to do the same with legal documents? By using Concord’s e-signature and contract management platform, clients, employees, contractors, and you, can collaborate on legal documents in a secure central portal. With only a few clicks, you can finalize your agreements and focus on your projects instead of administrative tasks.
A common myth: electronic signatures are not valid in court
There are a few major laws that specify the validity of electronic signatures. The most prominent law is the Electronic Signatures in Global and National Commerce Act (ESIGN), passed in 2000, which stipulates that a contract can’t be deemed invalid because it uses an electronic signature. Findlaw has the legalese version of this; in case you’re looking for more details. The most important point to note is that as long as you use software with a full process capture, then the digital agreement is as good as a physical contract in most countries.
Staying ahead of the curve
The news today is filled with stories of startups and small businesses which are successfully taking on established industry players. Whether it’s in technology, transportation, or any other industry, the common thread for success is agility. You need to focus on innovating and staying ahead of the competition. Using Concord’s contract lifecycle management platform is one of the most cost-effective ways you can improve your margins.