The Benefits of Electronic Signature Technology

Electronic signatures are used to add a layer to legal binding and reliable confirmation to important documents, like contracts and agreements. By automatizing business processes, e signatures reduce document turnaround time, while saving money and increasing efficiency. They aid businesses in complying with state, federal, and industry-specific requirements.

There are many different types of e-signature technologies however the most secure options are certificate-based digital signatures that are in line with the standards of a number of heavily regulated industries and countries. These e-signature solutions utilize public key infrastructure (PKI) to create an electronic signature certificate linked to the signer’s personal electronic identification. The link validates the signature and ensures that only the signatory has access to the private key used to validate 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. Audit trails, encryption, and other security features on the backend aid in ensuring authenticity. They may also include pen-like strokes and ink for a more familiar appearance.

Aside from speeding up processes and removing the need for paper, e signatures can also enhance the effectiveness of teams and also to delight employees, customers and other stakeholders by providing seamless and paper-free experience that is easy to use on any device. Certain e-signature applications include, for instance, bulk signing that allows senior managers to sign regular contracts in just seconds using few clicks.