January 17, 2024
Three eSignature Stats That Will Amaze You
Applying a signature to a document amazingly goes all the way to 3000 BC. But the digital tide is rising, and the wet ink signature is now being replaced with electronic signatures. If you are looking for your trusty Montblanc fountain pen, here are 3 amazing results from Legalesign eSignature that may make you think twice.
Go green whilst you eSign
Since starting Legalesign our customers have sent over 8,500,00 documents! The average length of those documents is 5 pages which equates to 42,500,000 sheets of paper saved. A tree can produce 8,500 sheets of paper and so that’s 5000 trees!
Save YEARS of waiting time
Last month 81.2% of documents sent to be esigned through Legalesign were completed within 24 hours. For 8,500,000 documents, and assuming a 3 day wait to receive a wet ink signed document, Legalesign's lower transaction time saved 330,480,000 hours, 13,770,000 days, or 37,726 years. Going back that far gets us to the last ice age and when the Woolly Mammoth still roamed the earth.
© Mammut, CC BY-SA 2.0
Cut your costs
Let’s imagine we posted out those 8,500,000 documents. That's:
85,000 reams of paper at £3.50 each,
34,000 packs of A4 envelopes at £12 each
8,500,000 2nd class stamps at £1.55 (large letter) and
42,500,000 printed sheets of paper at 0.03p each (although this can vary wildly according to the printer you used to use)
This adds up to a whopping £15,155,500! Ink, stamps, envelopes, paper, postage, and courier charges add up, and by cutting that out you save a decent chunk of change! And with the money saved, you could buy yourself Lewis Hamilton’s race winning F1 car.
© Morio, CC BY-SA 3.0
5000 trees, 37,726 years and £15,155,500. These figures just scratch the surface of the environmental, time, and cost savings eSignatures deliver. When you factor in the environmental impact of transporting raw materials and completed packages, the time saved by staff putting packages together and the fact if you wanted to send packages by 1st class or courier costs would dramatically increase, the benefits become even more pronounced.