E signature technology allows electronic signatures that are legal and equivalent to pen-and-ink signatures. Companies can utilize it to automate the process of signing documents and increase efficiency.
Digital signatures that are authenticated provide cryptographic proof of a document’s authenticity. They verify that the document was signed by the person stated and that it has not been altered. You can verify their authenticity by comparing the public key of the signer and the digital certificate of the document. Certain eSignature services use codes, PINs or passwords to verify the identity. Other solutions, like DocuSign uses keys that are both public and private to create an authentication process.
While e-signature solutions aren’t completely foolproof but they do provide significant security benefits that can aid businesses in meeting the requirements of regulatory agencies. Utilizing an e-signature system that provides contextual records of the document’s past is particularly beneficial to create a record that is useful and legally binding. This could include an electronic record of the person who verified the authenticity of a signature, or a trust path between signers.
In addition to vpnsecure improving efficiency Implementing e-signature technology can also help companies cut costs by removing postage and paper expenses. However, a company must be prepared for the common resistance of team members who are reluctant to adopt the latest technology. Leaders need to be prepared to advocate for and train colleagues on the benefits of electronic signatures to ensure its adoption. Once employees are convinced it’s simple to change to a more efficient method to run your business.