The status of e-signatures; An IACCM research report
Electronic signatures are becoming increasingly the norm for businesses, with almost 20% having now implemented on a global basis. Only 16% of those participating in a recent IACCM survey indicated that they have 'no current plans to introduce e-signatures', but most have not yet implemented in all countries where they operate.
Analysis of the data reveals significant variations between industries and size of organization. The industries that lag in this general trend and have no current plans to introduce e-signatures are:
- Public sector – 38% have no plans
- Engineering & Construction – 33% have no plans
- Oil & Gas – 26% have no plans
In terms of company size, organizations with annual revenue between $20bn - $40bn are the most advanced and the least advanced are those of less than $500m. For smaller companies, the benefits are less obvious, partly due to volume of agreements, but also because existing processes are typically less onerous and time-consuming.
Download the report below and read more.
Rider Levett & Bucknall
Visual contracts to support collaborative contracting
W.W. Grainger, Inc.
Ask The Expert: Leveraging AI and Standards to Increase Deal Velocity
Imminent Contract Execution with insufficient escalation costs and time baseline - what should l do as the Contract Manager?
Contract Benchmark Data
Recent UK Legal chnages
NDA and Existence of Agreement
Airbus Defence and Space GmbH