An esignature is a digital signature that logically relates data. It is used to sign data associated with it. A common example of this is an electronic contract. In addition, esignatures can be used as a way to verify the authenticity of a document. These electronic signatures are becoming more common as electronic transactions become more sophisticated.
There are many different types of esignature solutions. There are templates available for common business functions, such as contract renewals or new hire documents. You can also customize your document packages to automate the process and streamline your workflow. This will help you get documents signed more quickly. You can also choose an eSignature solution that can integrate with your existing software.
Esignature solutions should be compliant with international and industry standards. Look for compliance with ISO 27001, UETA, SOC 2, and QTSP. You’ll want a secure system that doesn’t let hackers access your data. A secure, tamper-proof eSignature solution will also provide you with a complete audit trail. These security features are essential to protecting your company from identity fraud.
The process of validating an esignature depends on the software you use and the format of the document. Make sure that the eSignature software you use has a certificate from a certified certification authority. If so, it means that an esignature has the same legal status as a wet signature in a given jurisdiction.
The eSignature technology has been around for a while and has been integrated with electronic document control systems. It is now used to sign more than half of paper documents in the U.S., and is increasingly popular in Asia. In India Inc., eSignatures have been adopted as a convenient and cost-effective method of contract signing.
If your company needs to collect a high volume of documents, an eSignature solution can be highly beneficial. Lightico offers a secure mobile-optimized platform that allows you to create eSignatures on any mobile device. The platform also offers multiple payment models and allows you to adjust to fluctuating volumes.
Although there are many benefits to using eSignature technology, businesses should be cautious about which one to adopt. First-generation eSignature solutions rely on emailing PDFs with electronic signature capabilities embedded. These solutions are not mobile-optimized, and the process can be slow and frustrating for customers. Mobile-optimized solutions like Lightico’s have established a new standard in eSignature solutions.
Besides the convenience of an eSignature solution, another advantage of eSignatures is the reduction in paper usage. Paper is costly and difficult to maintain. Also, reducing paper usage can benefit the environment. Using less paper can reduce emissions by as much as 20 percent. This gives companies a competitive edge and enables them to meet sustainability standards.
An eSignature solution can be used to add a digital signature to any document. It allows the recipient to sign a document using a web browser, a tablet, or a mobile device. Unlike traditional paper-based signatures, eSignatures can be stored and managed securely. This ensures the document’s authenticity.