An electronic signature is a technological innovation that is becoming more mainstream in the business world. Although the benefits of e-signatures are very much clear, they are still people who are skeptical about this technology. Many business owners are trying to understand how it is a feasible and effective solution for their company. Moreover, some myths and misconceptions about e-signatures have surfaced that can create some confusion for business owners trying to embrace this technology.
The following section aims towards clarifying a few of the most common myths associated with e-signatures. Here they are:
Four Common Myths Associated with E-Signatures
1. E-Signatures Are Not Secure
One may argue that since the internet is a breeding ground for many unscrupulous activities, some people may balk at sending sensitive business or customer information as e-signatures actively use the internet to execute transactions,. However, the truth is most e-signature software has firewalls and other sophisticated protocols resist online security threats and attempted breaches.
2. E-Signatures Come With Legality Issues
Though, it is true that e-signatures replace paper based signing, they adhere to all legal regulations regarding electronic signatures in order to stand up in court. A good esignature software will have a certificate of completion that has a record of the time, date, IP address in addition to the signatures on the contracts.
3. E-signatures Are Highly Expensive
One of the most common myths about e-signatures that prevents business owners from adopting them is that they are highly expensive. True, when introduced, e-signatures weren’t an affordable business proposition. But owing to the advancement in technology, e-signatures are available at affordable prices and they no longer require business owners to invest a substantial sum towards adopting them.
4. E-signature Usage Requires Technical Expertise
Another myth about e-signatures is that their operation requires technical expertise and in order to use them effectively, one should have be a technical genius. However, this is not true and anybody who has a basic understanding of e-signatures can use them in an effortless manner. In fact, companies that have implemented e-signatures reported that employees found them easy to use and became accustomed to their operations almost immediately.
Hopefully the section above has managed to clear your doubts on e-signatures and their implementation. However, if you are still sceptical on this subject matter, you may reach out to us for further clarifications on the usability and benefits of e-signatures. Visit https://www.esigngenie.com to get in touch with our e-signature experts.