Digital signatures have been around for a while and continue to evolve. Looking at the growing usage of e-signatures, just in 2020, the global digital signature market size touched $2.8 billion! If you have been considering investing in digital signature software, you may have some questions in mind, and understandably so. Investing in new tech can be a daunting proposition, and that is why it’s always a good idea to test the waters before jumping right in! Besides, some additional research always pays off. So before you start your homework, here are six questions you might miss out on asking.
Are digital signatures and electronic signatures the same?
The two do sound similar, which may even lead you to believe that they are the same. Yes, both of these are electronic mediums to sign documents. However, the difference is vast when it comes to legality and enforceability. To know more, check out the differences between digital signatures and electronic signatures.
Is it secure?
What happens to my documents after I sign them?
Is it legal?
What kind of documents can I sign?
What kind of savings can I expect out of digital signature solutions?
Also Read: 10 Frequently asked Questions about the use of ESignature!
- Is it secure?
Digital signature solutions are practically built like a digital fortress loaded with state-of-the-art security features like 256-bit encryption, multifactor authentication, and password protection for your documents. These features keep cyber eavesdroppers and unauthorized users at bay.
- What happens to my documents after I sign them?
This is the best part of using digital signature solutions. Applications like DrySign offer online document storage, eliminating the fuss of storing and preserving critical signed documents and all the costs associated with it. With DrySign, you also get detailed reports giving you information like which documents got rejected, which ones are stored as drafts, and which ones are signed.
- Is it legal?
Digital signature solutions like DrySign are compliant with various regulations like the Electronic Signatures in Global and National Commerce Act (ESIGN) and the Uniform Electronic Transactions Act (UETA) that grant digital signatures the legality required to sign documents online. The software’s ability to associate the signing parties to the document and maintain the document’s integrity are some of the factors that grant it legitimacy.
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In today’s hyper-connected world, conventional methods of signing and validating documents are increasingly being overshadowed by technological advancements such as electronic signatures.
However, let’s focus on one and the most straightforward one.
Adoption of this signing technology has been on the rise for some time now, particularly when dealing with legal, business, and government documents.
Enforcing decisions, especially in an organization setting, is not an easy thing.
The time you save while using e-sign technology makes you more productive by allowing you to focus on more important assignments.
E-signatures are more legally defensible than wet-ink signatures
