E-signature is an easy, fast and secure way to conduct major business transactions digitally – increasing productivity and efficiency while ensuring authentication and security.
In today’s intensely competitive marketplace, the business world is moving rapidly to online transactions from inefficient, costly, paper-based processes. Furthermore, consumers expect to be able to interact digitally anytime, anyplace, so providing easily accessible digital touchpoints is also critical to successfully keeping and retaining your customers. No matter the size or type of business you’re in, you want to save money and increase revenue. Electronic signatures are a powerful way to accomplish all that.
E-signature is a technology that allows a person to electronically affix a signature or its equivalent to an electronic document, as when consenting to an online contract. Using E-signatures, we can get documents signed quickly and securely, helping businesses to reduce cost and any roadblocks before closing the deal. It can greatly benefit businesses of various sizes as documents signed faster on the dotted lines leads to faster projects movement, which in turn will help increase cash flow.
DocuSign which is a pioneer in electronic signature solution is changing how business gets done by empowering more than 250,000 companies and 100 million users in 188 countries to sign, send and manage documents anytime, anywhere, on any device securely. It enables business owners to organise and accelerate workflows on the go. The processes it follows are legal, secure and offers a complete audit trail.
Challenges and Opportunities
Handwritten signatures or wet signatures are often used to authenticate cheques, contracts and all other legal documents. A company exposes itself to a greater risk of forgery when it relies upon Handwritten signatures as the document maybe fraudulently signed, incorrectly dated or altered after signing. Additionally, Sensitive data is at risk when documents are transported between office buildings or passed around to multiple parties, who may only be authorized to view certain portions of the document. Furthermore, the process of reviewing, printing, faxing, scanning and overnighting of documents is very cumbersome when done manually leading to unnecessary additional cost and slower turnaround time.
Solutions Addressing Business Needs
Integration with the multiple business systems and applications provides you the ease and flexibility to send, sign and take actions directly from the application you are already using.
Fully customizable workflows let you specify and order any number of signers. Assign recipients different roles and access beyond signing permissions. It helps you provide complete control over every step of the process.
Multiple levels of authentication increase the thresholds required of signers to prove their identity before given access to documents. Additionally, our e-signature solutions protect your highly confidential information by encrypting and making every document tamper-evident.
Our solution supports virtually every type of document file type from most applications – like Microsoft Word, Excel, and PowerPoint – to ensure all the important documents can be sent for signature.
Data revolution and increasing reliance on cloud technologies are changing the way enterprises view and utilize storage. Our E-signature solutions retrieve documents from the most widely used cloud storage services.
FROM THE KNOWLEDGEBASE
Avaali helps organizations significantly improve productivity and meet regulatory requirements by ensuring full visibility across the full business process to uncover insights and drive better decisions. Our consultants have a deep understanding of best practices as a result of implementing multiple Digital Transaction Management Projects for several global accounts. Avaali provides advisory services, implementation and support services to support the unique business process requirements of complex, global enterprises.