--- title: Digital Signing & Cost Savings | Blog | SigningHub™ description: Paper-based signatures and the document approval process can be costly. In our latest blog, we identify cost savings from digital signing. Learn more: image: https://blog.ascertia.com/hubfs/blog-migration/How%20Digital%20Signature%20cost%20savingsBlog-Part-2.jpg --- [![](https://blog.ascertia.com/hubfs/asc-blog-logo-detail.png)](https://blog.ascertia.com/) ##### [View all posts](https://blog.ascertia.com/) [Contact Us](https://www.ascertia.com/company/contact-us/) # Part 2: Digital signing cost savings Posted by [Sam Crook](https://blog.ascertia.com/author/sam-crook) on Mar 10, 2021 4:55:28 AM ![](https://blog.ascertia.com/hubfs/Sam%20Crook%20Headshot%202023.png) In this blog, we discuss several ways digital signing delivers cost savings once documents are returned by signers. This piece follows on from the [first part](https://blog.ascertia.com/how-digital-signing-delivers-cost-savings) of this blog mini-series where we looked at the surprisingly high cost of paper, printing, photocopying and delivering documents when calculated over the course of a year. ![How Digital Signature cost savings](https://cdn2.hubspot.net/hub/511375/hubfs/How%20Digital%20Signature%20cost%20savingsBlog-Part-2.jpg?width=800&name=How%20Digital%20Signature%20cost%20savingsBlog-Part-2.jpg) Having printed and distributed the documents for signing, they are returned and we now need to assess the cost of the next part in the process. Again, our sample company produces **10,000** **documents a year** and each is around ten pages, with three copies required for signatories: ## Scanning Most companies want to connect their signed documents with a digital record. This process means each page in the document needs to be scanned. With the cost of equipment, maintenance and other administrative costs, this works out at a cost of **3p per page**. In addition, there is a human element in preparing the documents for scanning, which could take approximately 10 minutes. In this case, we need to allow a cost for this, and have calculated it at **£1.33 per document.** ## Paper storage and disposal If companies choose not to use a digital archive, they will want to ensure any signed paper copies, and not just the scans, are safely stored, particularly when legislation requires storage for between seven and ten years. There is administration involved, which we calculate to around **0.66p per document**, and we are also allowing for a third of those documents to be disposed securely at **0.2p** **per document.**   ### Total costs for paper-based signatures:   Paper, printing & delivery:  £45,600 Scanning:                             £49,000 Storage & disposal:            £20,600                                 Total = £115,200 Just a quick reminder, this shows the total cost of paper-based signatures on 10,000 documents containing ten pages with three separate signatories - **£115,000.** It equates to **£2.60 per sheet**! ## Now, let’s look at the cost of digital signatures These calculations are based on [SigningHub](http://www.signinghub.com/), which allows users to create [unlimited digital signatures](https://www.signinghub.com/digital-signatures/) within unlimited document uploads. The service is metered on the number of signing users and at enterprise level. It equates with the level we have assumed for the paper-based signing examples, the cost per user is **£12 per month** or **around £144 annually**. Even if you were to assume that 100 users were required to sign documents, the bill would still only amount to £14,400 a year – a mere fraction of the cost of paper-based signatures. With digital signatures there are no paper costs, no printing costs and no delivery costs. There is also no need for giant filing cabinets to store documents. We also offer volume [discounts and signature packs.](https://www.signinghub.com/pricing-plan-selection/) So, even if the number of end-users or signatories is much larger, the costs will always be lower than traditional methods. In fact, the more users, the higher the savings. If you calculate the likely cost yourself, using the figures we have outlined, then you can see what savings digital signatures can provide your business. [Contact us today](https://www.signinghub.com/contact-us/) and prepare to be surprised at how much you could save! --- [Visit Ascertia.com](https://www.ascertia.com/) This is a search field with an auto-suggest feature attached. 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