Pros & Cons of Signaturely: Analysis of a Popular e-Signature Software

Document management is a fact of life for most businesses today, but the process doesn’t have to be tedious or time-consuming. Fortunately, tools like e-signature software ensure that teams can process documents while dealing with a few stumbling blocks as possible. These tools also help reduce errors and ensure easier file tracking.

Signaturely is one such platform that can help companies enjoy these benefits. This article on Signaturely pros and cons discusses the app’s key features along with its benefits and weaknesses if any. Hopefully, this analysis can help you decide if it’s the right choice for your business.

The adoption of electronic signatures grows each year, with more companies going paperless and governments around the world establishing regulations for the use of e-signatures. As a result of this widespread use of electronic signatures, industry experts anticipate continued growth for e-signature software, with the market reaching $9.07 billion by 2023.

Moreover, studies have found that the adoption of e-signature systems is moving beyond HR and recruitment teams. For instance, the software is also starting to see common use among IT teams and professional services employees.

Versatility is just one important feature that e-signature systems like Signaturely must have. For instance, these tools must be easy to use to ensure faster adoption among teams. This article takes a closer look at Signaturely to determine its specific features and identify limitations that could affect its usefulness to your business.

What is Signaturely?

Signaturely is an e-signature software designed to make e-signature collection and document management as hassle-free as possible. The software comes with an intuitive interface so users can easily upload documents that need to be signed. Teams can also create documents on the platform through a built-in library of customizable free templates for contracts and proposals.

In addition to easier document management, Signaturely makes it easier to sign documents. The software’s dashboard allows users to choose from various options for signing documents, including initials, images, or drawn signatures. Moreover, the software allows users to assign a custom signing order for each document.

Furthermore, Signaturely serves as a centralized platform for business documents. With this software, important paperwork can be stored in one place, so teams can locate and access files in minutes. The dashboard also displays the real-time status of each document for easier tracking of documents that still need signatures.

Aside from offering the features of document management software, Signaturely also provides features for easier team collaboration. Through the software, teams can use a single dashboard for creating and tracking documents.

How does Signaturely support compliance with e-signature regulations?

For businesses handling legally sensitive documents, compliance with e-signature regulations is critical. Signaturely incorporates compliance features designed to meet various international e-signature laws, ensuring that users can confidently manage document workflows. Here’s how Signaturely supports compliance across its platform:

• Global Compliance Standards: Signaturely adheres to over 60 international e-signature regulations, including the U.S. ESIGN Act, UETA, and the EU’s eIDAS regulation. This broad compliance support allows companies to use Signaturely for legally binding agreements across different countries.
• Audit Trails and Document History: Each interaction with a document, including views, edits, and signatures, is captured in an audit trail. These trails serve as legally recognized digital imprints, providing transparent documentation that can be used as evidence in legal proceedings if necessary.
• Data Integrity and Security: Signaturely uses encryption and secure data storage to protect the integrity of documents and user data. This ensures that documents remain unaltered throughout the signing process, which is essential for upholding legal standards.
• Time-Stamped Signatures: Each signature and change to a document is time-stamped, creating a clear record of when each action took place. This feature provides accountability and helps companies demonstrate compliance with legal standards for e-signatures.
• Legally Binding Document Fields: Beyond signatures, fields like checkboxes, dates, and initials are also legally binding, supporting the capture of additional compliant data beyond just the signature itself. This means users can rely on other fields for agreements that require multiple forms of acknowledgment.

Pros and Cons of Signaturely

Easy Document Access and Management

Since it comes with features of document management software, Signaturely serves as a central repository for important business documents. Through the platform, teams can quickly access documents and save time on searching for files. This is important especially since statistics say that 46% of employees encounter difficulties in finding the right documents.

One of the pros and cons of Signaturely is that it provides users with a single platform for storing, uploading, and creating business documents. Users can upload copies of documents to the software or customize a template from Signaturely’s template library. Moreover, users have the option to create new templates for documents. In this way, teams can save time on creating and sending documents they regularly use.

Signaturely offers various options for preparing and signing documents.

Hassle-Free e-Signature Collection

Aside from allowing users to enjoy the benefits of document management software, Signaturely also helps businesses collect electronic signatures more efficiently. Users can upload CSV files with names and addresses to send out signature requests to a large group of people. Recipients can also be individually added to documents.

If a document has more than one recipient or signer, users can also assign a custom signing order. By setting a signing order, you can control the order in which documents are received and signed. Moreover, the system automatically sends notifications to document recipients

In addition to these features, Signaturely also provides guided signing capabilities. These features make it easier for clients to know where their signatures are needed, so documents get signed more quickly. These features also can also help companies enjoy as much as 80% reduction in turnaround time for obtaining signatures.

Legally Binding, Compliant Client Data

All signatures collected through Signaturely are considered legally binding and are compliant with over 60 international laws worldwide. Signaturely also comes with audit trail features, saving digital imprints for all interactions between document creators, recipients, and the documents themselves. Through these features, document changes become easier to track and companies gain legal backups for their documents.

Furthermore, all data gathered through Signaturely are likewise legally binding. This means information entered through textboxes, checkboxes, dates, and initials carry legal validation as well.

Signaturely makes it easy to prepare documents for signing.

Convenient Team Collaboration

Aside from easier signature collection and efficient document management, Signaturely is also designed to support team collaboration. All files are saved in one place so team members can quickly locate the documents they need. Document tracking capabilities also help improve accountability among team members.

Moreover, Signaturely pros and cons include an intuitive interface that makes it easier for teams to work together. Convenient file saving capabilities ensure that the latest version of each file is always saved. Signaturely doesn’t offer as many support options compared to other e-signature systems, but the software’s drag-and-drop functions make it easy to master.

In addition, Signaturely also allows users to access documents through mobile devices. Though a dedicated mobile app for Signaturely is still in the works, users can access the web-based dashboard anytime to access, review, and sign documents as needed.

Integrations with File Sharing Systems

An equally important feature of Signaturely is the software’s ability to seamlessly integrate with a wide variety of file sharing software. The platform works seamlessly with file sharing systems such as Google Drive, Dropbox, and OneDrive.

Through these integrations, users can move documents from these third-party systems into their Signaturely dashboard. This feature can help users save time and effort in preparing documents for signing.

Signaturely also offers an intuitive dashboard for easier team collaboration.

Scalable Pricing Plans

Included in the pros and cons of Signaturely is its availability in three plans. What’s great about the software is that it comes at a Free plan that includes notifications, audit logs and document history, as well as integrations with third-party file sharing software. This plan also includes up to three signature requests per month, which may not be enough for growing businesses and larger companies.

On the other hand, Signaturely’s paid plans offer unlimited signature requests as well as the use of templates. The platform’s Business plan, which starts at $15 per month, per user, also offers team management capabilities and custom branding for documents.

Is Signaturely the right software for your business?

Signaturely comes with a variety of useful features for companies who need a more streamlined, efficient process for getting documents signed. For instance, the software’s guided signing and bulk sending capabilities can go a long way in getting clients to sign documents in less time.

However, it’s also best to consider the limitations of using Signaturely. For instance, the software’s existing integrations may not be ideal for companies that need to work with other business software, like CRM platforms. As such, Signaturely may be more ideal for SMBs that work with a smaller ecosystem of apps.

By Nestor Gilbert

Nestor Gilbert is a senior B2B and SaaS analyst and a core contributor at FinancesOnline for over 5 years. With his experience in software development and extensive knowledge of SaaS management, he writes mostly about emerging B2B technologies and their impact on the current business landscape. However, he also provides in-depth reviews on a wide range of software solutions to help businesses find suitable options for them. Through his work, he aims to help companies develop a more tech-forward approach to their operations and overcome their SaaS-related challenges.