Counting on MOXIS makes “cents”!
29 Jan 2021
MOXIS saves time and money
Companies can spare handwritten signatures. MOXIS bridges distances and creates more secure and faster signature processes. Electronic signatures with MOXIS also reduce unnecessary expenses for the users.
With the infection protection measures due to Covid-19, it became even clearer: those who want to remain competitive need professional solutions to compensate the personal distance measures imposed by law in diverse workflows. Is has been proved that many of the solutions used do not have this potential. Signature processes are particularly affected by this. When home office among other measures makes it complicated to collect signatures personally, it is a must to implement a digital version to replace the time-consuming handwritten signatures.
A great deal of companies have reacted to this new constellation in the past twelve months and have integrated electronic signatures with MOXIS into their processes. The efficiency promise of electronic signatures goes beyond offering an intelligent crisis management solution: what’s more, it’s a sustainable investment in paperless and cost-saving business processes.
The handwritten signing of documents is affected by cross-media conversion caused by repeated printing and scanning of documents – a time-consuming process, resulting in higher costs. Analog processes imply further expenses for postal dispatch and logistics. Also, part of the work load can burden personnel resources, which could be used in a more reasonable way than in chasing people to render signatures.
In daily practice different XiTrust customers have achieved results that showcase the significant savings potential brought by implementing electronic signatures. Below we provide an example of one of our customers. The company calculated the efficiency of electronic signatures in relation to material, process and personnel costs:
|Type of cost||Costs|
|Total costs||~ 30,00 €|
|Fees for registered mail||6,90 €|
|Process costs due to the use of paper, envelopes, copies, filing||15,00 €|
|Personnel costs per contract (average time required for administrative processes per contract 15 min., 25 € personnel costs per hour)||6,25 €|
|Type of cost||Costs|
|Total costs (Private Cloud)||~ 8,00 €|
|Average eSignature costs per contract||4,00 €|
|Filing process costs||2,00 €|
|Personnel costs per contract (average time required for administrative processes per contract 5 min., 25 € personnel costs per hour)||2,10 €|
“Many of our customers are positively surprised because the implementation of electronic signatures with MOXIS into their processes does not only save time, but in the long term it also saves money. Anyone still using analog signature processes should do the math.”