Electronic signatures provide a layer of legal binding and trusted verification to important documents, like contracts and agreements. By automating business processes, electronic signatures help reduce turnaround time, while saving money and improving efficiency. They also assist companies in meeting the federal, state and industry-specific compliance requirements.
There are many different e signature technologies however the most secure options are certificate-based digital signatures that meet the standards of several heavily regulated countries and industries. These e-signature services use public key Infrastructure (PKI) in order to create a signature certificate that is linked to the signer’s electronic ID. This link authenticates the signature and makes sure that only the signer has access to the private key used to verify it.
Apart from the added security, these kinds of e-signatures also come with several other advantages which make them stand out from the more standard alternatives. They include audit trails, encryption, and other backend security features that aid in ensuring authenticity. They may also include ink strokes and pen strokes to give a more familiar appearance.
Aside from speeding up workflows and removing the need for paper, electronic signatures can also be used to improve the efficiency of teams and delight employees, customers and other stakeholders with seamless and paper-free experiences that are simple to use on any device. Certain e-signature applications are for instance, which have bulk signing capabilities that allow senior managers to sign regular contracts in only a couple of seconds with just a few clicks.