The status of e-signatures; An IACCM research report

Published: 10 Oct 2018 Average Rating: 3.5 / 5 Print

Author: IACCM

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:

  1. Public sector – 38% have no plans
  2. Engineering & Construction – 33% have no plans
  3. 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.


Related Discussions

Please sign in or register to post on this forum

Sompo International
2016-10-23 02:55:59

Contract Benchmark Data

I have been trying to hunt down general bench-marking data on contracts since I became a member in May of this year and have been studying in the CCM Practitioner prog...
Replies: 4

APM Group
2014-09-14 13:08:25

Recent UK Legal chnages

I was told recently about a change to UK Law affecting contracts and the length of time and the quantity of evidence that had to be retained as a result. Please can s...
Replies: 3

Defence Contracts Experts Ltd
2018-09-10 08:19:56

More dates please!

Unfortunately I can't make any of the dates for the Performance and Outcome Based Contracts course and I'd love to do the entire 4-day package - will IACCM b...
Replies: 1
2018-05-07 14:51:46

Limitation of liability Clause in License Agreement

Our customer is not accepting limitation to direct damages stating that "failure of the Software means we won't be able to fulfill our obligation towards cus...
Replies: 2

2018-04-04 19:32:28

Confidentiality Agreements

Hey Guys, I would like to know that is best practice. Lets say I am sending out a tender and I am asking the bidders to supply sensitive information as part of the bi...
Older entries »
Replies: 4