Advantages and Disadvantages of Digitizing Contract Operations from Paper | paperlogic
By digitizing contract operations, you can reduce many costs, including stamp duty and mailing expenses.
◆ Four Benefits of Electronic Contracts
- Cost reduction for printing, stamp tax, mailing, and original document storage
- Improved operational efficiency through system-based sending and stamping
- Prevention of tampering with timestamps
- Enhanced searchability of documents
【Many Benefits for the Other Party as Well!】
- Both parties can confirm that the document has not been tampered with
- No worries about losing the original paper documents
- Streamlined operations due to the absence of mailing and binding hassles
- Quick contract conclusion through email or system confirmation
◆ Disadvantages of Electronic Contracts
- Costs for service implementation and operation
- Need for business partners to understand electronic transactions
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