Automation & Emerging Technologies

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Seplat Petroleum Development Company Plc
2019-08-10 20:51:14

Digital Contracts

Please does any one have experience of having contracts prepared electronically and executed electronically? The parties do not receive any hard copies after execution. Only soft copies are sent round.
We are planning to implement this to reduce request for storage space and time spent in reviewing hard copy materials.
Will appreciate comments.
 •  ATCO Electric  •   2019-08-12 19:54:35
yes, we are following soft copies of contract, but we use pdf format for the transfer of documents, not any contracting software. We are using it for few years now, and it works good. We have reduced the filing storage requirements to 10%. If you have any specific question, feel free to ask.
 •  Mythics Inc.  •   2019-08-14 17:49:29
Yes - we complete over 90% of our contracts with electronic signature and delivery unless mandated by our customer. It allows for a shorter turnaround times and and a significant reduction in physical storage requirements.
Replies: 2