[Statistics]: What E-Signatures do for Your Customer’s Experience & Your Bottom Line

May 12, 2020

[Statistics]: What E-Signatures do for Your Customer’s Experience & Your Bottom Line


Did you know the e-signature global market is expected to reach $9.07 Billion by 2023? It is a fast-growing market which was born from convenience for consumers. We live in a world where technology cuts our time as consumers down and we have more things readily available at our fingertips. Look no further than Amazon, Google, and millions of businesses world-wide, which we will talk about below.  

We’ve compiled a few eye-opening statistics of what businesses experience when they offer electronic signing of documents. We’re talking lower administrative costs, hours saved each day, faster turn-around time to actually get the signatures and most importantly the customer experience that consumers everywhere now expect. Take a look below: 

 
Businesses who adopt electronic signatures: 

 
1. Save 55%-78% in administrative costs 

Studies show businesses that collect signatures electronically, instead of by paper, save anywhere from 55% to 78.62% on administrative costs. This takes into account materials such as paper and pens used, administrative personnel, shipping costs and subscription costs. To add to the administrative costs, according to MSB Docs, 41% of companies require signatures on more than half of their documents and 48% of businesses make three or more copies of their needed documents. 

2. Save an Entire Day’s Work of Time 

According to MSB Docs, businesses that use pen and paper to get signatures are shown to add an entire day to their work process. Switching to electronic signatures provides a more convenient alternative not only for the family, saving them from driving into the funeral home or waiting for documents to arrive, but also for the funeral home by cutting down on the time it takes to prepare, deliver and meet to get a physical signature.  

 
3. Get Signatures from Clients 80% Faster 

According to Finances Online, when collecting a signature from a client using paper and pen, the average time to collect the signature is approximately five days, compared to only 37 minutes when done electronically. You can see that allowing a family to sign documents electronically, from the comfort of their own home significantly improves the time it takes to get a signature. 

4. See a Decrease of 80% in Errors 

When comparing traditional ways of obtaining signatures to more modern, electronic ways of signatures, error reduction is an important factor. When a customer is able to sign a document electronically, businesses see a reduction in signing errors by 80% (Finances Online). This is likely due to the fact that electronic signatures can be re-done with a simple click if an error is made. If someone signs a piece of paper in the wrong place or makes an error, it needs to be re-printed.  

 
5. See an 85% Improvement in Productivity 

Businesses who adopt electronic signatures see an 85% improvement in productivity (Finances Online). A lot of this has to do with everything you are reading above – from reducing time on administrative tasks such as printing, shipping and organizing documents to setting appointments with clients. Electronic signatures are sent in a few simple steps, which reduces the time it takes for paperwork to be prepared, sent and signed. 

 
6. See a 500% Increase in Customer Loyalty 

There’s nothing worse than being a consumer today that is used to things being automated and instant, and having that experience broken. A lot of these conveniences shape what consumers have come to expect from businesses. Amazon delivers a seamless shopping experience with next-day delivery. Google delivers answers at our fingertips in seconds. Businesses allow customers to complete and sign paperwork at home, rather than sitting in long, unnecessary meetings. Make sure your funeral businesses is delivering the same experience consumers are living through today. If a family can review the contract and sign the paperwork from their home instead of having to get in their car and drive to you or wait days to receive paperwork – give them that option. With this electronic signing tool now in your toolbox, you can offer families a great, convenient experience. It’ll make them talk highly of you and shout from the rooftops about how easy it was working with you. Companies like Finances Online suggest you can even see an increase in customer loyalty of 500% just by offering such convenience. 


Want to see other ways e-signature tools give your families a better experience? Check out ‘4 Ways Electronic Signatures Improves Your Customer’s Experience’ on the SRS Blog! 

 
7. Prevent Files from Missing by 66% 

We’ve all been there. We have a paper contract or important documents that we sign and file them away in a safe place, until we can’t remember where they are months or even years later. By moving to electronic signing, you put a digital stamp on the entire paperwork process. Families no longer need to physically file (and potentially lose important documents), but if they want to, they can print a copy. They no longer have to write or call you to get a copy at a later date. Electronic signing puts them in the driver seat and gives them a digital copy they can save in their inbox or on their computer to access at any time. According to Finances Online, providing the service of electronic document signing decreases the “I lost my file” scenario by 66%! 


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If this is the year for your firm to offer great customer experiences centered around convenience, providing the option of electronic signing of documents is a great start. It’ll help you reduce administrative costs, save multiple hours each day, get signatures faster and reduce errors that come with traditional methods. Be that funeral home that offers families more options and start using E-Signature by SRS today! 

 
Want to learn more about the SRS E-Signature tool? Visit the dedicated webpage here to read more and watch a video explaining the popular feature in more detail. If you have any questions, do not hesitate to contact us or call us at 1-800-797-4861. 
Hands typing on a laptop
24 Jan, 2022
It’s 2022. If you haven’t realized it already, it’s time to understand the importance of your funeral home website for your firm and community. From making funeral plans and paying the expenses to expressing condolences and learning about coping with grief, your website can do it all and so much more. Want to learn how? See how you can take your funeral home website to the next level in 2022 with these 22 must-have features. Create the Ultimate Interactive Obituary Experience . Give your families a space to grieve their loss, show their support, and honor their loved one with interactive memorial walls. With features for expressing condolences, posting photos, and sharing memories, everyone can heal and remember their loved one. Make Ordering Funeral and Sympathy Flowers Easy with an Online Store. By having an online store built directly onto your website, families can conveniently order funeral and sympathy flowers while visiting their loved one’s memorial page. Spread the Word About a Loved One’s Passing Through Social Sharing. With easy social sharing, you can let your families share their loved one’s obituary and condolences on social media to spread the word about their passing. Support Families Through Crowdfunding Campaigns. Another way to let families show their support is to have the option to donate to a funeral crowdfunding campaign directly on their loved one’s memorial wall. Include Your General Price List (GPL) on Your Funeral Home Website. Along with a breakdown of your products and services, you should include your GPL to be transparent with your families and build trusting relationships with them. Let Families Pay Directly on Your Website with an Online Payment Center. Many families want the convenience of online payments, so you can give them this with an online payment center for credit card payments and more . Give Your Families an Easy-to-Navigate Design on Any Device. No one wants to waste time finding what information they need, especially while at-need planning, so make sure your website is easy to navigate of any device. Have Forms for Families to Easily Enter Their Information. Instead of families calling your firm for everything they need, have forms that families can submit for preplanning, downloading resources, and more. Put Your Contact Information in an Easy-to-Locate Spot. If families want to call or visit your firm, don’t make it difficult for them to locate this information. Along with a Contact Us page, you should also include this information on your homepage. Provide Your Community with Grief and Funeral Planning Resources. Your website can be like an online library for families to learn about funeral planning and grief. For example, create a Resources page for your content and link to any other educational resources. Help Families Grieve and Stay Informed Through Email Subscriptions. Without any work required from your employees, let your families sign up for email subscriptions directly on your website, such as for grief support and obituary notifications. Share Frequently Asked Questions with Your Community. Many times, your employees repeatedly answer the same questions from families. To eliminate some of these repetitive questions, have a FAQ section on your website. Post Useful Information on Your Website’s Blog. Your firm’s website should have a blog for regularly sharing content about preplanning, at-need planning, personalizing a funeral, grieving, memorialization, and more. Secure Your Website with a Secure Sockets Layer (SSL) Certificate. Giving your families a secure connection when entering sensitive information on your website is a must-have. To do this, your website should have an SSL Certificate. Eliminate Spam Through Sophisticated Spam Filters. Eliminate spam comments and messages with sophisticated spam filters. This way, grieving families don’t have the added pain of rude comments. Develop an SEO Strategy to Get Found by More Families Online. Make sure your website gets found by more families online by including things like meta descriptions for your webpages and keywords. Design a Logo that Represents Your Firm’s Brand. Your logo should be visually appealing and reflect your firm’s brand. If it’s been a while since you’ve revisited your logo design, it’s probably time to explore some new ideas. Tell Your Families About Your Firm’s History, Employees, and Mission. Your families want to know the people behind your firm and what you stand for , so make sure to include things like your firm’s mission to serve families, history in your community, and employee bios to help them better understand your goals. Take Professional Pictures of Your Firm and Merchandise. If your website photos are low quality, this can reflect negatively on your business. To prevent this, draw families to your firm by taking professional photos of your facility and merchandise. Showcase Testimonials from Your Firm’s Client Families. Give your community real-life examples of positive experiences families had working with your firm, whether they’re text or video-based testimonials. Route Families to the Funeral Location Through Text Directions. One way to make things easier for families is to have a tool directly on your website for sending directions to the funeral or graveside service right to their phones. Integrate with Your Other Favorite Funeral Technology Solutions. Lastly, your funeral home website should integrate with your other funeral technology solutions to save you time, such as your case management software and marketing automation software. Take your firm to the next level in 2022 by upgrading to an SRS Website. Click h ere to book a free demo .
2022 planner and technology
10 Jan, 2022
2021 was a revolutionary year for the funeral industry, but in 2022, it’s time to take it to the NEXT LEVEL. If you haven’t already, now is the time more than ever to embrace the mobile revolution . With a little help from your technology solutions, you can meet your families’ needs anytime, anywhere while creating a faster and simpler process for your firm. For the sake of time, we’ll focus on three important aspects of your firm: Funeral Options Business Management Aftercare 2022 is already here , so there’s no time to waste. Let’s start with funeral options. Take Your Funeral Options to the Next Level: Give Families Online Choices Families want online options. It’s as simple as that. They’re used to it now, so they won’t settle for anything less. The pandemic showed them that a lot of their in-person tasks can be accomplished online in less time, such as: Using an app to place your grocery order ahead of time instead of wandering the store. Scanning your check with your mobile device and depositing it without ever leaving your couch. Or simply entering your credit card number online and pressing submit. Having virtual appointments with your doctor, accountant, and other professionals instead of meeting in person. You can apply these same concepts to the funeral industry. Instead of meeting with families in person for every task, some things can be done virtually, such as selecting their funeral options on your website through a pre-planning form, signing forms, collecting files, making the payment virtually , and meeting through video chat. Of course, this doesn’t replace in-person meetings. The purpose of these features is to take tedious tasks like filling out paperwork and swiping credit cards to a virtual environment. This way, you can save in-person meetings for building more meaningful connections with your families. So going back to the question, how can you take your funeral options to the next level in 2022? Give families more online choices. Instead of driving to your firm to pay for the expenses, sign a form, or give you documents, let them do it virtually in a matter of seconds. Not to mention that this is more secure than documenting things on paper. Take Your Business Management to the Next Level: Say Hello to Case Management Software Do you want to way to offer your families everything we’ve just covered and more all in one place? Say hello to funeral home case management software. As the popular saying goes, behind every successful funeral director is a turnkey case management system. Okay, maybe people don’t go around saying that, but they should because it’s true. Without an organized and easy-to-access system, your firm couldn’t function. But you can’t use just any system. Meet 9Online , the funeral industry’s elite management software. Instead of using third-party integrations that cost you more time and money, it has built-in features for signing forms electronically, collecting the payment virtually, communicating with families in a safe, virtual environment, and so much more . Take Your Aftercare to the Next Level: Focus on Your Marketing and Website Lastly, we can’t forget about aftercare. As you know, a family’s journey with grief is long from over once the funeral takes place. It’s something that they’ll carry with them for the rest of their lives. Though this may sound daunting, you can make things much easier for them by focusing on how your website and marketing efforts can help them. By building up your aftercare resources, it could even be the reason someone chooses to work with your firm over another one. For example, these are a few ways your website and marketing can improve your aftercare efforts in 2022 and beyond: Share blog posts, guides, and other resources on your firm’s website . Engage with families on social media through posts and ads. Use email nurturing to further engage with them and provide them with grief resources.  We know this sounds like a lot, so that’s why we partnered with Growth Engine. It’s the first marketing automation software designed specifically for the funeral industry and you and your families’ needs. How cool is that? Click here to learn more about this platform. Book a free SRS demo to learn even more ways to boost your business performance and better serve your families.
person on computer
20 Dec, 2021
We want to give a shout out to our incredible clients and their brand-new SRS Websites! Thank you for trusting SRS with your funeral home's website . We’re proud of every design and make sure they accurately represent your firm and provide you with the tools you need for success. Below are just a few of our favorite SRS Website designs from this fall. Lighthouse Funeral & Cremation Owner and Manager Tate C. Goodwin opened Lighthouse Funeral & Cremation in 2013. Today, they have several Michigan locations. On their new SRS Website, families can use E-Pay to make an online payment for their loved one’s funeral service expenses.
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