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What Is E Signature Technology?

E signature technology allows electronic signatures that are legal and equivalent to pen-and-ink signatures. Businesses can use it to automatize signatures on documents and increase efficiency.

Digitally authenticated digital signatures provide cryptographic proof of a document’s authenticity. They show that it was signed by the organization mentioned and that it has not been altered. You can verify their authenticity by looking up the public key used by the signer to the digital certificate of the document. Some e-signature solutions use PINs, passwords or codes to confirm the identity of a signer. Others, including DocuSign utilize private and public keys to establish an authentication process.

While e-signature technology can’t be guaranteed, it provides significant security benefits which help businesses comply with the requirements of regulatory agencies. It is particularly beneficial to use an eSignature solution that records the context of the history of a document to create a record that has significance and can be legally enforced. This can include an electronic record of the person who verified the authenticity of the signature or trust path between the signers.

In addition to increasing efficiency using e-signature technology, it can also help companies reduce costs by eliminating postage and paper expenses. The company should be prepared for the normal reluctance from team members to embrace new technology. Leaders must be ready to advocate for and educate colleagues about the advantages of e-signature technology to make sure that the technology is adopted. Once employees are onboard, it is easy to change to a more efficient method of conducting business.

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