The manufacturing industry includes complex workflows and processes; the dynamic mix of the engineering process, capital, workforce, and materials make it imperative to have streamlined workflows. The industry requires an environment where legally binding contracts are concluded, internal agreements are made, approvals are issued, and all documents are stored efficiently between departments. This is where secure digital transformation comes into the picture and the several tools and platforms apt to drive it for a particular use-case in the industry.
Digital signatures ensure a faster and more efficient way of managing and approving contracts with maximum security and compliance. Let us look at the application and benefits of eSignatures or digital signatures in the manufacturing industry.
Where are Digital Signatures Used in Manufacturing Industry?
The manufacturing industry, like any other industry, is heavily reliant on paperwork for process approvals, contract management, invoice signature and document management. Fortunately, digital signatures offer a safer and legally binding alternative for the execution of documents. Mentioned below are some of the common documents that are signed and executed using digital signatures, but it is important to note that the scope of these signatures includes but is not limited to the following documents:
- Contracts and agreements
- NDAs
- Purchase orders
- Invoices
- Billing statements
- Bills of lading
- Sales orders
- Quality control documents
- RFP (Request for Proposal) /RFQ (Request for Quotation) documents
- Technical documents
- Proposals
Benefits of Using Digital Signature in the Manufacturing Industry
Some of the major benefits of incorporating digital signatures into the manufacturing workflow include the following:
- Ensures document authenticity
- Ensures the integrity of the document
- Faster contract approval and document execution
- Streamlined and seamless workflows
- Faster TAT (turnaround time)
- Better user experience & better collaboration
- Connected operations with shorter processing times and lower error rates
- Reduced cost by saving expenses on the paperwork
- Upleveling procurement processing
- Time efficient
- Environment sustainability with paperless transactions
Why Choose eMudhra for Digital Signature Solution for Manufacturing Industry?
Digital signatures are transforming the way engineering and manufacturing businesses operate by enabling them to work more securely and productively. It can help better teamwork and communication between personnel of different engineering and manufacturing departments. With eMudhra’s future-ready digital signature solution (emSigner) which ensures trust, security, and global compliance, kick-starting your digital transformation journey is easy.
If you are looking for a one-stop solution to digitally sign & streamline workflows, eMudhra’s emSigner is the answer! It is an all-in-one platform that facilitates digital signing, complex workflow management and document management services. It supports dynamic capture of data, API integration, and conditional approvals with document management and archival capabilities. The application also comes with seamless third-party integration and is mobile-compatible.
Start your digital transformation journey with eMudhra!