What are the advantages of electronic contracts?

An electronic contract is an agreement reached by two or more parties in electronic form through the Internet to establish, change and terminate a certain civil rights and obligations. All parties to the contract have been authenticated by real names and signed by reliable electronic signature technology, which has the same legal effect as paper contracts and handwritten signatures.

The difference between electronic contract and paper contract, Bian Xiao compiled the following table, which should be comprehensive enough.

As can be seen from the above table, choosing electronic contract has more advantages than paper contract:

Advantage 1: Save costs and reduce operating expenses by 75%.

The average cost of traditional paper contract is in 25 yuan, and the cost of adopting electronic contract is less than that of 5 yuan, which reduces the operating expenses by 75%. A company with a contract of 65,438,000 yuan a year can save 2 million yuan and at least 2 operators.

Advantage 2: Improve work efficiency by 200-500%.

It takes 2-5 days for the traditional paper contract to be signed normally, and it can be completed by using electronic contract 1 minute. Counting the certification time of both parties, it can certainly be easily completed within one day, which improves the signing efficiency by 200-500%, greatly saves the time cost and improves the work efficiency.

Advantage 3: Improve the efficiency of file management.

Through the mature electronic contract technology at present, the calling files can be searched online, and the required files can be called immediately with a mouse click. With the further maturity of security technology and authentication technology, electronic contracts are now more convenient and easy to use. You can sign contracts anytime and anywhere with your mobile phone and check and manage them at any time.

Advantage 4: Contract management is easier.

If a Chinese character takes up 2 bytes, the virtual capacity of 1M can hold 520,000 characters. If the maximum capacity of A4 paper is calculated, 1M Chinese characters should be filled, and at least 650 A4 papers should be used. More importantly, it is stored in a virtual space, and there is no need to worry about any unexpected situations such as mosquito bites, coffee spills, and being taken away by unknown creatures.

Advantage 5: Electronic signature is more convenient.

Traditional paper contracts signed in different places need to be mailed back and forth, and the process is cumbersome. Electronic contracts directly bypass the mailing process and are signed online.