Understanding the Basics of Electronic Signatures
As our continued transition into the digital world continues one of the things that many overlook is the increasing use of electronic signature software. Whether it’s a large corporation or a small business, some of the many advantages of using electronic signature systems include saving valuable processing time, increased security and auditing benefits, reduced signature errors, and more – all of which help companies save time and money.
First you should know that there is a difference between an electronic signature and a digital signature. It’s common to think they are the same, but they are actually very different. A digital signature is the basis of security when it comes to things like e-commerce and VPN networks, using public/private key cryptography. An electronic signature is very similar to its paper relative as the signer is legally bound to the terms and/or conditions of a contract or agreement. When signing a document electronically, you express your intent with the click of a button or another specific assigned action. Given the security advantages with encryption, the electronic signature is a highly secure method to create a digital record of a signature that is more reliable than its paper counterpart.
Signing documents electronically is something you probably have done often, but didn’t think that much about. Until I started looking more into this topic, I didn’t realize how often I actually used this method. It might be contracts, tax forms, mortgage documents – the list seems to go on and on. Thinking back on how often I did use this technology, I was also impressed with how easy it made a process that otherwise would have taken days or even weeks to accomplish.
Please visit this link for more information on how using electronic signature solutions can help you and your business.