25 Oct What Is E Signature Technology?
E signature technology offers electronic signatures that are legal and comparable to pen-and-ink signatures. It can be used by companies to automatize their process of signing documents and improve efficiency.
Digital signatures that are authenticated provide the cryptographic evidence of a document’s authenticity. They confirm that the document was signed by the organization stated and that it has not been altered. They can be verified by checking the signature’s public key with the document’s digital certificate. Some eSignature solutions use codes, PINs or passwords to verify the identity of the signer. Others, such as DocuSign, use keys that are both public and private to create an authentication process.
Although e-signature technology isn’t 100% secure however, they provide significant security benefits that can help businesses meet regulatory requirements. Using an e-signature solution that offers contextual records of the document’s history can be especially helpful to create a record that is valuable and legally enforceable. This can include the identity of the person who fast deal closing vdr verified the authenticity of a signature or the trust path of the signature.
Implementing electronic signatures can help businesses save money by removing the need for postage and paper. However, companies must be prepared for the normal resistance of team members to adopt the latest technology. Leaders should be prepared to educate and convince colleagues of the advantages of eSignature technology to ensure its adoption. Once employees are on board it is easy to change to a more efficient way of conducting business.