Why Every Franchise Should Use Digital UFOC Distribution - 0 views
started by Drew Kondrup on 05 Jul 13
started by Drew Kondrup on 05 Jul 13
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They are very expensive to generate, very expensive to produce and distribute, and incredibly expensive to store and review. UFOCs are one of the single biggest charges new companies face, and for the first time there's a more efficient and cheaper method to conduct business. It's appropriate, it's safe, it's safe, it is encouraged and it will make an existing team better and reduce the barrier to entry for new franchisers. This innovative technology has just been around for 135 years, so it is about time the legislators allow franchisers reap the benefits of the savings. What's this new technology you ask? It's electronic signature acquiring, and New Hampshire was the initial court system to rule o-n the validity of electronic signatures in 1869, it was in regards to the telegraph and signing for invoices for goods shipped by railway cars, but it was and is legal, so why not use it in other styles of business?
In the 1980s firms and courts started to ask this sam-e issue, and voil there was the fax machine. The fax machine got the common e-lectronic signature ball rolling again in business, but it will be taken by the Internet to its rightful amount of use within business. Virtually everyone has access to the Internet today. Schools, public libraries, firms and 100s of millions of homes have Internet connectivity open to them on-demand. The fax machine was truly prevalent, but it could not have the wide spread use and functionality that the Internet offers, and thus the Internet is the better logical solution to spread the use of digital signatures.
Operations may deliver their UFOC electronically to potential franchisees. They may do this by building internal delivery systems, or they may use outside delivery services. The distribution process will rely on the character and size of the business, but the purpose will be the exact same, save money and reduce time-to close business. Any business that's perhaps not actively seeking a digital UFOC delivery service will probably be put aside. Electronic distribution will lessen revenue cycles by allowing franchises to begin the 10 day waiting period instantly, and open up additional areas by reducing the expense of entry. Clicking research buy an electric cigarette seemingly provides lessons you can give to your cousin.
Franchisers that embrace digital UFOC supply helps you to save money and time in numerous ways. Have a look at the following information.
Costs Associated with a 15-0 Page Report UFOCs
(1) 15-0 + Ink + Paper + Wear and Tear on printer = $3
(2) Binding = $1
(3) Outbound Over night Shipping = $20
(4) Inbound Over night Shipping = $20
(5) 15-0 Pages 1-year Storage Using Government Estimate = $19
(6) Labor @ 2 Hours for Total Process Sending and Receiving = $40
(7) 2 Days Opportunity Time for Best Delivery Option = $Unknown
Total Cost of Using Paper = ($103.00)
Costs Connected With Electronic UFOC Using Digital Signatures
Work @ a quarter-hour for Total Process = $5
Giving File Electronically = $5
Supply Is Instant = No Lost Opportunity Costs
Total Cost of-a Paperless Transaction = ($10)
Total Savings Using Electronic Signatures versus. Report = $93.00 per UFOC
Several Informal Staff Opinion Letters have been issued by the FTC to electric signature organizations recognizing these services conform to the current FTC rules. PrivaSign.com, found at http://privasign.com/laws-cfr-ftc.asp is among the companies that received this kind of opinion letter, and additional companies might be found at the http://www.ftc.gov website. By utilizing an electric signature and UFOC supply service, like PrivaSign, franchisers will save you thousands and possibly even tens of thousands of dollars per month taking new business, and giving their UFOCs.
Franchisers who are slow to adapt new electronic signature techniques will definitely lose business to the more extreme and faster franchises. Speed and timely delivery of products enables technology savvy franchisers to approach and win more business. In todays team world prospects broadly speaking look at multiple franchisers before selecting which is right for them. Therefore the franchiser that has the fastest reaction time, and the very first chance to make a potential franchisees business is most likely going to win.
Electronic UFOC distribution coupled with a reliable electric signature capture support is the right choice for virtually every franchiser. Discover industry and try different companies to find what type is right for you. The time savings, the cost savings and the efficiency obtained by utilizing digital signature systems is worth the effort.
By:
Jason McKay.