What Is E Signature Technology?

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E signature technology allows electronic signatures that are legal and equivalent to pen-and-ink signatures. It can be used by businesses to automate their signature processes for documents and improve efficiency.

Digitally authenticated digital signatures provide an electronic proof of authenticity. They confirm that the document was signed by the organization identified and that it’s not been altered. You can confirm their authenticity by looking up the public key used by the signer with the digital certificate of the document. Some eSignature solutions use passwords, codes, or PINs to verify the identity of the signer. Other solutions, like DocuSign use keys that are both public and private to establish an authentication process.

While eSignature technology isn’t perfect, they offer significant security benefits that help businesses meet regulatory requirements. It is especially useful to use an eSignature solution that provides contextual records of the document’s history in order to create a document with significance and can be legally enforced. This could include the identity of the person who verified the authenticity or trust pathway of a signature.

In addition to enhancing efficiency Implementing e-signature technology can also help companies reduce costs by eliminating postage and paper expenses. However, businesses must be prepared for the normal resistance of team members to embrace the latest technology. Leaders must be prepared to inform and advocate for colleagues about the benefits of eSignature technology in order to ensure that the technology is adopted. Once employees are onboard it is easy to change to a more efficient manner of doing business.