The electronic signature sector has emerged as big business in recent times and is well poised to grow over $5 billion by the end of this decade. They are seen as the most potent response to the hassles attached with hand written signatures. The entire process is typically about printing the document then signing it yourself and then faxing it over to the other party and wait for their signatures. The process becomes more tedious when signatures from multiple parties are required. All this ancient- not fit to be a part of the fast paced corporate environment.
These e-signatures are backed by legal sanction. The government of the United States of America took a huge step towards the resolution of the legal issues associated with digital signatures. The ESIGN Act signed in the year 2000, bestowed the digital signatures with equal significance as that of the hand written ones.
As per pcworld.com, Andrew Legrand, a Louisiana attorney, has pointed out that federal judges use digital signatures on all their orders and that these courts are virtually paperless. These judges generally make use of the PDF software to put an electronic stamp of their signs on the order.
The Process
The e-signature systems using built-in image annotation tools might vary with different providers but they are driven by the similar general idea. You can upload a PDF, word or even an image on an online service and then follow it up by tagging the same with different annotations that would eventually go with your signature. The recipients of the mail would get the marked-up file and sign it with the help of just a few clicks.
Some Tips
In order to facilitate the overall system workflows, make sure that you’re adding e-signatures to the compliance-driven apps on your mobiles. Make sure that the entire system remains online with the aid of the signature capabilities that can be added to the web portal by means of an electronic signature API.
Silanis for example offers you all encompassing electronic signature methods that can be used by consumers to secure their interactions with other parties (http://www.silanis.com/blog/product-news/how-to-integrate-e-signatures-into-your-business-application-with-the-e-signlive-sdk/) There is a number of file types that can be secured via this API including .PDF as well as .DOC. You can secure the API with the aid of password and username and can avail other forms of authentication based on different needs.
Are Electronic Signatures Popular?
Today, e-signatures are slowly and emerging as a standard business procedure followed both for simple as well as complex transactions. There haven’t been any report of negative feedback as of yet. But businessmen still need to ensure that they are taking extra care to select a deployment method without brooking dangers to the security or functionality of their business. In order to ensure a flawless signing experience, make sure that you are customizing your e-signature GUI. There are a number of cloud based services, available today that facilitates the entire process of e-signing by adding extra features and are designed small, mid and large sized businesses. Educate yourself more about the merits of e-signing if you’re yet to do the same. (www.arx.com)
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