Monday 4 July 2016

Things to Avoid While Using Electronic Signature


The advantages of signing documents electronically outweighs the potential disadvantages involved in the transition, individuals choosing an electronic signature service should be aware of the certain pitfalls that may arise when signing something using an e-signature. 

Things to Avoid While Using Electronic Signature
 

Opt to take the services of an electronic signature that integrate a reputable third-party for authorizing certifications as well as the PKI system. These services provide authentic signature verification that complies with the National Standards Institute. PKI also implements public-key cryptography, a mathematical algorithm that validates (decrypts) and secures (encrypts) signatures and documents!

Be aware that electronic signatures cannot be dispensed with a functional Public Key Infrastructure system that cannot maintain and generate electronic certificates.

Taking the services of an unestablished electronic signature service that has insufficient number of technological aspects may result in identity theft yes this is possible!

Nowadays, minimal consumer protections exist concerning electronic signature fraud or e-signature forgery. Individuals who are victims of a poorly operated electronic signature service will have to prove in court that the fake signature is not valid to avoid being liable for damages incurred by the criminal act.

Since a long time, the U.S. government brought the E-sign Law, which states that electronic signatures are equivalent to the same legal conventional “pen and ink” signatures.

Things to Avoid While Using Electronic Signature


Still, disputes can happen over an electronically signed document, so having additional evidence other than just the document on file will quickly resolve the issue. For this reason, e-signatures users should ask about the level of document evidence an electronic signature service offers, such as embedding of signature audit trails in documents and what kind of process evidence technology it employs to authenticate a transaction completed over the web or over a smart phones!

Saturday 2 July 2016

Use Of Electronic Signature in Closing Deals




For any business out there profit is main motive even if it means, closing deals at the month’s end!

Yes that’s right! 

In order to settle and complete all activities pertaining to a transaction within that period is vital for a businesses survival. The official month of operations is closed the moment all processes have been completed. All processes needed in transactions are done for the last time to make sure that these transactions are clearly reflected on monthly reports. However, transactions can still be closed if there’s enough time to fully manage them prior to the month’s end.

This is where the use of esignatures has greatly improved the possibility of closing last-minute deals. 

Electronic signatures have immediately made their mark in numerous industries. And understanding the potential of such a product, many companies have immediately integrated them into their daily business operations.
 The e-signature has become a standard in many businesses due to the number of advantages that they provides to its users.

Incorporating electronic into a business can increase their level of flexibility in the work processes. Nowadays, electronic contract and document signing has become very easy and convenient with the implementation of electronic signatures while achieving more and more results. Typically, a business may just decide to wait until the following month and accordingly create new deals and transactions, but they can go on and finalize more deals within every month because of the convenience provided by electronic signatures.

E-signatures assist in signing of electronic contracts, document and other important items. This has made it possible for many businesses to handle deals and transactions in a more effective manner by eliminating the need to sign documents manually, which entails a lot of physical meetings and the use of many resources. Having the power to handle transactions electronically, helps in handling a lot of document processes easily and with minimal effort nowadays. The most important part where electronic signatures are used is specifically in closing transactions during the month’s end.

This saves a lot of time and helps in closing a deal quickly. The possibility of handling transactions just prior to month’s end can generate more potential for productivity in the coming month. Furthermore, transactions are made easier with the use of electronic signatures, especially with regards to speeding up document signing and a number of other document processes necessary to complete certain deals. With this solution, any number of deals can be closed at the last minute!

The ability to handle such tasks can give a huge competitive advantage to any businesses. 

Original Source: Use Electronic Signature To Close Those Untimely Month End Deals!