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It can be said that an electronic signature is replacing paper-based one. First of all, It is like its paper equivalent and a legal concept including the following components: a method of signing, user authentication, data authentication, and capture of intent.
You have probably heard about both digital and electronic signatures. You are also probably wondering what’s the difference.
A digital signature refers to the encryption / decryption technology that protects data and retains the identity of the signer. It's like a barcode to establish the authenticity of information.
While electronic signatures include “an electronic sound, symbol, or process attached to, or associated with, a contract or other record and used as the legal equivalent of a written signature”, according to U.S. Federal ESIGN Law.
Basically, electronic signatures is capturing the electronic validation while digital signatures are more machine-based.
Now you are probably wondering why your business should adopt electronic signatures.
In short, electronic signatures are faster, more efficient, addressed legal compliance and limits liability. They also cut operational costs and are green. This means that tons of paper documents will be saved. So, They save more than just money. It is also good for those moving toward a paperless office.
Thus, electronic signatures help businesses move faster. They also allow large and small organizations alike to reduce errors and costs in all the administrative tasks.
If you want to adopt electronic signatures, however, you still need to find out a few important aspects such as security considerations, the legal implications of using e-signing, and how they can improve the overall customer satisfaction in your particular area of interest.
iSign is a great tool to handle the high efficiency of electronic signatures.
iSign can digitally capture signatures from any mobile device loaded with a Java-enabled Web browser and then apply these electronic signatures to any business document.
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