Return on Investment Aspects of SOFTPRO E-Signing Solutions
Potential cost savings derive from the avoidance of several steps in the document management process
These steps are printing, storing, preparing, signing, routing, shipping, scanning, indexing and physical archiving.
In addition to the factors mentioned before one aspect should not be underestimated: The improvement of the service experience by customers.
Model Calculation of ROI Potential
Spain: E-Signing in Savings Banks
Savings per document are expected to be at least 0.30 Euro per document. If E-Signing with Handwritten Signatures is fully in place in the Spanish Savings Banks this means savings near 300 Million Euros per year.
Source: "Taking Signatures seriously - Combining Biometric and Digital Signatures", Proceedings of Conference ISSE Berlin, 2010-10-06, p. 323 ff.
The average Spanish Savings Bank achieved the Return on Investment for implementing E-Singing below 11 months
Source: "Handwritten Signatures on Paper are Dead", Presentation at Conference Biometrics 2010, 2010-10-19
Presentation of CECA at Biometrics 2010
Benefits for the Back Office
Some of SOFTPRO's banking customers have also successfully optimized their back office processes: SOFTPRO serves several processing centers running multi-tenant systems which includes specialized services such as automatic signature verification for processing of transaction documents like giros and checks (SignCheck).
- The quality of their stored signature reference data has increased tremendously
- They were able to reduce their efforts of manual post-processing and the whole signature verification process became cheaper.
- In addition to this, fraud attempts on the documents are detected more efficiently and at a lower cost to the bank.
