Electronic signatures are used to provide a legal binding and reliable authenticating documents, like contracts and agreements. By automating business processes, electronic signatures speed up the turnaround time, while saving money and increasing efficiency. They aid organizations in meeting federal, state, and industry-specific requirements.
There are many different types of e-signature technology. However, the most secure are the certificate-based digital signings that meet the strict standards set by numerous industries and countries that are highly regulated. These e-signature solutions use public key infrastructure (PKI) to create a certificate of signature that is linked with the signatory’s electronic ID. The link authenticates the signature and ensures that only the person signing it can access the private key used to validate the signature.
These e-signatures offer several advantages in addition to the security they offer. They are a step above other, more basic options. They include audit trails, encryption, and other security features on the backend that aid in ensuring authenticity. They may also include ink strokes and pen strokes to create a more familiar look.
In addition to speeding up processes and eliminating the requirement for paper, e signatures can also be used to enhance the efficiency of teams and to please customers, employees and other stakeholders by providing seamless and paperless experiences that are simple to use on any device. Some e-signature software, for example, feature bulk signing that allows senior executives to sign conventional contracts in a matter of seconds using a few clicks.
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