Electronic signatures provide a layer of legal binding and reliable confirmation to important documents, such as contracts and agreements. By automating business processes, electronic signatures can reduce turnaround time, while reducing costs and improving efficiency. They also help organizations meet requirements of federal, state and industry compliance requirements.
There are a number of different types of e signature technologies, but the most secure options are certificate-based digital signatures that meet the standards of several highly regulated industries and nations. E-signature solutions rely on public key infrastructure (PKI) to create a signature certificate that is tied to the signer’s digital identification. The link validates the signature and makes sure that only the signer can access the private key used to validate the signature.
In addition to the additional security, these kinds of e-signatures also come with many other benefits that make them stand out from other alternatives that are more basic. They include audit trails, encryption, and other backend security features which help ensure authenticity. They can also include ink strokes and pen strokes to create a more familiar look.
E signatures are not only a great way to speed up workflows, but also to reduce the need for paper. They can also be used by teams to boost their efficiency and delight staff, customers and other employees with seamless, paperless experiences. Some e signature solutions are for instance, which have bulk signing functionality which allows senior employees to sign basic contracts in just a few seconds using just two clicks.