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The Benefits of Electronic Signature Technology
Electronic signatures provide a legal binding and reliable authentication to important documents like contracts and agreements. By automatizing business processes electronic signatures help reduce time to complete while also saving money and increasing efficiency. They assist organizations in complying with state, federal and industry-specific regulations.
There are many different types of e-signature technologies. However the most secure ones are digital signatures based on certificates that meet the strict standards set by various industries and countries that are heavily regulated. These e-signature solutions utilize public key infrastructure (PKI) to create an electronic signature certificate connected to the signer’s electronic identification. This link authenticates the signature, assuring that only the signer has access to the private key that validates the signature.
In addition to the added security, these kinds of electronic signatures also provide a number of additional benefits that help them stand apart from more basic alternatives. Audit trails, encryption, and other security features on the backend can help ensure authenticity. They can also include ink strokes and pen strokes to make them more recognizable.
E signatures aren’t just an excellent way to speed up workflows they also eliminate the requirement for paper. They can also be utilized by teams to improve their efficiency and impress customers, staff as well as other stakeholders by providing seamless, paper-free experiences. Some e signature solutions include, for instance, bulk signing, which allows senior managers to sign basic contracts in a matter of minutes with a few clicks.
