The Benefits of Electronic Signature Technology
Electronic signature technology is used to add an legally binding, trusted layer of assurance to agreements, contracts and other important documents. Electronic signatures streamline business processes and reduce turnaround times for documents while reducing costs. They aid organizations in meeting federal, state, and industry-specific requirements.
There are many look at here types of e-signature techniques. However the most secure ones are digital signings that are based on certificates that conform to the high standards set by a variety of industries and countries that are heavily regulated. These e-signature solutions utilize public key infrastructure (PKI) to create a signature certificate that is tied to the signer's digital identification. It's this link that authenticates the signature, assuring that only the signatory has access to the private key which validates it.
Apart from the added security, these types of electronic signatures also offer several other advantages that make them stand out from more basic alternatives. These include audit trails, encryption and other security features on the backend that ensure authenticity. They may also incorporate pen-like strokes and inks for an appearance that is more familiar.
Aside from speeding up processes and removing the need for paper, electronic signatures can also improve the efficiency of teams and delight employees, customers, and other stakeholders with seamless and paper-free experiences that are easy to use on any device. For example, some e signature solutions have bulk signing capabilities that let senior managers quickly and effortlessly sign standard contracts in just a few clicks instead completing them individually.