Electronic signature technology can be used to add an legally binding and trustworthy layer of confirmation to agreements, contracts and other important documents. E signatures can streamline business processes and reduce turnaround times for documents while also saving money. They also assist organizations in meeting requirements of federal, state and industry compliance requirements.
There are a variety of different e signature technologies however the most secure options are certificates-based digital signatures that are in line with the high standards of many heavily regulated industries and countries. These e-signature services use public key infrastructure (PKI) to create a signature certificate that is linked to the signer’s electronic ID. The link authenticates the signature and ensures that only the person signing it has access to the private key used to verify it.
Aside from the added security, these kinds of e signatures also have several other advantages which make them stand out from the more standard alternatives. Audit trails and encryption as well as other security features on the backend aid in ensuring authenticity. They also can include pen-like strokes and inks for a more familiar appearance.
E signatures aren’t just a great method to speed up workflows but also to reduce the requirement for paper. They can also be utilized by teams to improve their efficiency and delight customers, employees as well as other stakeholders by providing seamless, paper-free experiences. Some e-signature software include, for instance, bulk signing that allows senior executives to sign basic contracts in only a couple of seconds using a couple of clicks.