Electronic signatures add a layer of legal binding and trusted confirmation to important documents, such as contracts and agreements. By automating business processes, electronic signatures help reduce turnaround time while saving money and increasing efficiency. They help organizations comply with state, federal and industry-specific rules.
There are a number of different kinds of e-signature technologies however the most secure choices are certificate-based digital signatures that are in line with the standards of several highly regulated industries and nations. These e-signature solutions use public key Infrastructure (PKI) to create the certificate of signature which is linked to the signer’s electronic ID. This link authenticates the signature, ensuring that only the signer has access to the private key that authenticates the signature.
Apart from the additional security, these kinds of e-signatures also come with many other benefits that help them stand apart from the more standard alternatives. Audit trails as well as encryption and other security features on the backend aid in ensuring authenticity. They may also include ink and pen-like strokes for a more familiar appearance.
E-signatures aren’t just a great way to speed up workflows but also to eliminate the necessity of paper. They can also be used by teams to boost their efficiency and impress customers, employees as well as other stakeholders by providing seamless, paperless experience. Some e-signature software include, for instance, bulk signing that allows senior managers to sign basic contracts in just seconds with just a few clicks.