What Is E Signature Technology?
E signature technology allows electronic signatures that are legal and comparable to pen-and-ink signatures. It can be used by businesses to automate their document signing processes and increase efficiency.
Digital signatures authenticated by digital authentication are cryptographic proof that a document was signed by the entity that it was issued by and hasn’t been altered. You can confirm their authenticity by using the public key of the signer to the digital certificate of the document. Some e-signature software solutions utilize PINs, passwords, or codes to verify the identity of the signer. Others, like DocuSign use keys that are both public and private to establish an authentication process.
Although e-signature technology isn’t 100% secure, it has significant security advantages that help businesses to comply with the requirements of regulatory agencies. Utilizing an e-signature system which provides context-based records of the document’s past can be especially helpful in creating a document that is valuable and legally enforceable. This can be an electronic record of who has verified the authenticity of a signature or trust path between signers.
Alongside enhancing efficiency Implementing e-signature technology can also help companies cut costs by removing postage and paper expenses. However, businesses must be prepared for the usual resistance of team members to accept new technology. Leaders should be prepared to educate and encourage colleagues to understand the benefits of eSignature technology in order to ensure its adoption. Once employees are onboard, it is easy to change to a more efficient way of conducting business.