Electronic signature technology can be used to add an legally binding and trustworthy layer of security to contracts, agreements and other important documents. E signatures automate business processes and reduce the time required to process documents while reducing costs. They also assist businesses in meeting requirements of federal, state and industry compliance requirements.
There are a variety of types of e-signature technology. However, the most secure are digital signings that are based on certificates that meet the strict standards set by a variety of industries and countries that are heavily controlled. These e-signature options use public key Infrastructure (PKI) in order to create a certificate of signature that is linked to the signer’s electronic ID. It’s this link that authenticates the signature, assuring that only the signer has access to the private key that authenticates the signature.
These e signatures offer a number of advantages, not just the security they offer. They are superior to other, less basic options. Audit trails, encryption, and other security features on the backend help ensure authenticity. They may also include pen and ink strokes to make it more familiar to the user.
Alongside speeding up workflows and eliminating the need for paper, electronic signatures can also improve the effectiveness of teams and also to delight employees, customers and other stakeholders with seamless and paper-free experience that is simple to use on any device. Certain e-signature applications, for example, feature bulk signing capabilities that allow senior managers to sign conventional contracts in just seconds using a couple of clicks.