There is an ever-growing demand for content with even greater consumption of it. In this scenario, the entertainment and media professionals have a demand for producing the best and the most creative content pieces. In the middle of all this, there is a need to deal with a massive amount of paperwork for the administrative tasks within a specific time bottleneck.
With the implementation of an e-signature online solution, the team members can stay productive by cutting down on the paperwork chase effectively.
The use of online signature for the media industry and professionals can prove remarkably useful because it helps them in many ways. In this blog, we will mention all of them one after another.
1)Quick Contract Execution: Waiting until the time official approvals get done and signed agreements reach a closing line can mean a significant delay in the start of several things at the production timeline. With the use of electronic signature, one can send the documents for signatures to all the stakeholders regardless of where they might be.
The documents sent can also be received well in time, sometimes within minutes. There are features such as document fields and templates that make this process quick, and extremely efficient.
2)Cost Reduction: Since there is no need for printing out and emailing the documents with the implementation of an e-signature software, the business can reduce all costs. You can also save the ink, packaging, and shipping costs. If someone works in the media industry then they must not underestimate the amount of money that can be saved by using e-signatures.
Everyday expenses for printing a document or shipping might not be huge, but after a year, these costs really begin to add up. Hence, the professionals who work in the media industry can remarkably decrease your costs by quickly switching to electronic signatures. In fact, e-signatures can also be useful in cutting down the financial impact and time-wasting that is usually done because of human error.
3)Improved Productivity: The use of e-signatures helps in increasing productivity to a large extent. When the media professionals will save more time with the use of online signature, it is going to end up in much more productivity.
The employees are going to have greater time to focus on important assignments and because there will be an automated document flow, one can eliminate repetitive tasks easily. For example, with the use of an e-signature online application, one can create a template and also use it again and again with minimal changes for every dealing or transaction.
4)Reduced Operational Hassles: Rather than going all chaotic into the printing, signing, and then scanning route, the implementation of an e-signature solution gives a much easier way to deal with things.
The production teams can utilize the electronic signature solutions for signing and collecting signatures within a few minutes. There will be little to no hassles of dealing with a string of physical documents when one uses electronic signature solutions.
5)Quick Payouts Around Teams: A problem with paperwork is that it leads to an invariable delay in the payout to the crew members and vendors. This problem is entirely negated with the implementation of electronic signature software.
With online signature, there is a smooth flow of paperwork from anywhere, at any time, and on any device. In addition, the payment approvals and invoices can also be signed quickly which further leads to quick payments.
6)Minimum Risks: In case a media business is dealing with sensitive information then it is important to make sure that it is as safe as possible. With the use of e-signature software, the documents can be handled in a relatively safe manner. This is simply because the software uses a robust encryption algorithm that does not allow any third parties to access the documents without consent.
Using electronic signature software means reduced risks. For example, paper documents are extremely fragile and can become easily damaged. On the other hand, the digital documents that use e-signature software are just the opposite.
Moreover, the online signature documents reduce the risk of getting back the documents with missing signatures because that happens frequently with the paper documents. Any reliable e-signature software will guarantee complete control of the workflow because it allows tracking all the changes that are made in a document.
7)Simple Document Handling: When the documents are signed with the help of an effective electronic signature solution this means that all documents will be staying in one place and that too in a digitized format.
The documents can also be easily, safely, and quickly maintained from any device, regardless of the place. This can help the media professionals verify their facts anytime they think there is a need.
8)Saving Space: There are several people who may think that saving space is not such a big benefit to a business. However, if you really think about it then now is the right time to make that happen.
Most businesses in the media industry waste their space by using a large amount of it to store stacks of documents and boxes. On the other hand, when these businesses switch to the use of e-signatures, there is no need for masses of physical paperwork.
The businesses can in fact turn to the digital documents and e-signatures while using the extra space for completing other important things and saving a considerable amount of money.
To Sum It Up:
The entertainment industry and media professionals can use electronic signatures in a wide range of instances like service agreements, actor agreements, approvals, customer agreements, casting contracts, location rentals, production sign-offs, invoices, equipment rentals, etc.
In addition, the use of e-signature can also help in automating administrative tasks, streamlining talent acquisition, and also digitizing paperwork. In case you are in the media industry then it is now time for you to take a close look and see how the use of electronic signatures can actually revolutionize your business.