E-sign isn’t a new technology; however, it is quite a fresh addition to mainstream culture. And just like any fresh technology, esignature technology has been getting too much scrutiny and attention. According to Forrester Research, a well-known technology, and market research firm, demand for e-sign technology has been rising significantly since 2012. Obviously, that says a lot about this innovative technology.
Many issues arise any time there is a forum about e-signs. What are those issues that are hard to be disregarded when it comes to matters esignatures?
Security considerations for electronic signature software
This is an issue that has been in the mouths of many people for a decade or so. To put it to rest, e-signatures are very secure. They provide high security and protection when compared to wet-ink signatures since they tend to contain more details such as the name of the person who signed the document, time, and location. All these traceable details are available in most eSignature solutions, which is not the case with physical document signing.
Legal considerations for e-signs
Are e-signatures legal? Of course yes. In most countries, eSignature solutions are enforceable, legal, and binding for negotiations, contracts, and any agreements that require handwritten signatures. Top e-sign solution providers like Foxit eSign aka eSign Genie generally comply with the UETA, ESIGN act, and other similar government regulations around the globe that sets out rules for carrying out international business digitally.
Affordability aspect of electronic signature software
Affordability is always an issue when it comes to tech applications. Think about this. You already have scanners, fax machines, printers and similar technologies in your office. Most likely, you weren’t thinking about the cost of these tools when you purchased them. However, buying new ink, purchasing new hardware when machines malfunction, paying for maintenance and mailing costs, all add up considerably. The reality is that eSignature solutions may appear pricey at first; however, they offer a return on investment in no time, by serving as a medium for process innovation.
Are signatures hard to use?
Some people think they need to be tech-conversant to create electronic signatures. However, that is untrue. A lot of eSignature solutions, Foxit eSign aka eSign Genie, for instance, are very simple to use. Practically, any person who owns a Smartphone and has invested in an e-sign platform can create electronic signatures easily. Simply, place a signature on your document and leave the other tech aspects to the e-sign system.
E-signatures have been in existence for many years now. In this era when technology has demonstrated to be a vital factor in getting rid of difficulties faced in the workplace, still, some people remain misinformed when it comes to creating electronic signatures.
Do not be deceived; esignature solutions offer a simple, secure, enforceable and affordable way of signing documents.3