The Benefits of Electronic Signature Technology

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Electronic signature technology can be used to add an legally binding, trusted layer of assurance to agreements, contracts and other important documents. E signatures simplify business processes and reduce the time required to process documents while also saving money. They aid businesses in complying with state, federal and industry-specific rules.

There are many different kinds of e-signature technologies, but the most secure ones are certificate-based digital signatures that meet the standards of several highly-regulated industries and countries. These e-signature solutions make use of public key infrastructure (PKI) to create an electronic signature certificate linked to the signer’s personal electronic identification. This link authenticates the signature and ensures that only the signer has access to the private key that validates it.

Aside from the additional security, these kinds of e signatures also have numerous other advantages that allow them to stand out from more basic alternatives. Audit trails along with encryption and other security features on the backend can help ensure authenticity. They can also include pen and ink strokes to create a more familiar look.

In addition to speeding up processes and removing the requirement for paper, e signatures can also be used to enhance the efficiency of teams as well as delight employees, customers, and other stakeholders by providing seamless and paper-free experiences that are easy to use on any device. Some e-signature software are for instance, which have bulk signing functionality which allows senior executives to sign conventional contracts in just seconds using just two clicks.