Advantages of Using Electronic Signatures

An electronic signature can be defined as an online process clearly indicating approval to a document or terms presented in an electronic format. Usually electronic signatures have an added advantage in that they ensure the maintenance of integrity in the signed document or contract. The person signing the contract is not able to revoke or destroy the agreement or deny that they did not sign the document. Documents signed electronically are more secure than paper documents and can't be altered during or after the signing event. Furthermore, electronically signed documents are as legal as those executed on paper.

The ESIGN Act, which came into effect in 2000, dispelled any uncertainty over electronic contracts. The law created a revolution in industries that were traditionally dependent on paper workflows. It has propelled the growth and efficiency of companies in the financial, insurance, real estate, and consumer services sectors. E-signatures, after gaining legal acceptance, have also helped B2B (business-to-business) websites grow at a faster pace. Many companies can conduct their business entirely online. Documents are exchanged within minutes and deals are closed quickly. By using electronic signatures, companies can save money and time. They can utilize their resources to generate more business, rather than manage paper logistics.

Other noteworthy benefits of e-signature technology include less dependence on printers and ink, minimizing the use of faxing which can be annoying to both parties, and closing deals in a few minutes even when parties are thousands of miles away. Also, electronic signatures facilitate tasks like e-filing and electronic file and database searches. This reduces time needed to find and verify data. Overall, these factors can reduce business costs.

Every day, companies are relying more on cutting-edge technology to produce goods and services and fulfill common business tasks. In this scenario, they can benefit immensely by integrating electronic signature services within their business processes. Companies around the world, in many sectors, have already adopted and are taking advantage of this revolutionary e-signature technology.

DocuSign is more than just electronic signatures, it's a complete web-based eSign solution working to help you close more business and make more money.

The Advantages of the Electronic Signature

Though the advantages of the electronic signatures far outweigh the disadvantages if any these were felt even more during the First World War. This is due to the fact that Morse code was used as a major form of communication as was the case in WWII. In the case of war the message needed to be an original and an electronic signature was the only way to ensure this happened.

Even though the computer was a few years away the codes had to have a signature that was unique to the sender of the instructions. This still proves to be a necessary component not only in war fare but in business as well and it has not changed much in the 20th and 21st century but it has greatly been improved.

The electronic signature options that are currently available are in the form of a sound and even image that is unique to the original user. This is a fool proof solution for the originator of the information and the end user. It keeps documents in their original state as they can not be changed once the signature has been put in place. If a person should attempt to alter anything on the document than it is null and void.

This is as legally binding as the regular hand written signature and it shows that the signer is completely aware of what they have gotten into and the consequences surrounding their actions. If there is any need to sue the signer then this is admissible in court.

Other forms of the electronic signature are an electronic process or symbol that is logically associated with a report or contract.

The electronic signature could include one or more characters or letters, numbers or any other digital content the owner may wish to incorporate.

DocuSign is more than just electronic signatures, it's a complete web-based eSign solution working to help you close more business and make more money.