Electronic signature technology can be used to add an legally binding and trustworthy layer of verification to contracts, agreements and other important documents. Through automation of business processes, electronic signatures help reduce turnaround time while making money and increasing efficiency. They also help organizations meet requirements of federal, state and industry compliance requirements.
There are a myriad of kinds of e-signature technologies. However the most secure ones is the digital signatures that are based on certificates that comply with the strict standards set by a variety of industries and countries that are heavily regulated. These e-signature options use public key Infrastructure (PKI) in order to create the certificate of signature which is linked to the signer’s electronic ID. This link authenticates the signature, making sure that only the signatory has access to the private key which validates the signature.
In addition to the added security, these types of electronic signatures also offer numerous other advantages that make them stand out from other alternatives that are more basic. Audit trails and encryption as well as other security features on the backend can help ensure authenticity. They may also include strokes that resemble pen strokes or ink to create a more familiar look.
In addition to speeding up processes and removing the need for paper, e signatures can also be used to 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. For instance, some electronic signature software solutions provide bulk signing capabilities that let senior stakeholders quickly and easily sign standard contracts with just a few clicks rather than making them individual.