Electronic signatures like the Wesign are a legal way to digitally secure approvals on a document or a contract. It’s the perfect alternative to hand-written signatures to sign up for any paper-driven, manual signature process. This article today will take you through all you need to know about esignatures, as well as major reasons you should opt for them and some safety measures. With all being said, let’s get down to all of that.
What is an electronic signature?
An electronic signature, also known as esignatures like those generated by Wesign, are symbols or other data contained in a digital format that attaches to an electronic document. The esignature shows up as an image of the physical signature. There are normally created online and used as online documents. Instead of traveling long distances to sign with a pen, you’ll receive a request through email for your signature. All the necessary signings are carried out online.
Why should I use esignatures?
Signing documents electronically helps in saving time, reduces the stress of paper-driven processes, and gives you the flexibility of signing a document from any location on different devices. With Wesign, you’ll accelerate your workflows and eliminate the need for manual signatures. Carry out various transactions with trust.
What document can I use Wesign esignature for?
With Wesign, you’ll get 100% flexibility in signing various documents ranging from; purchase orders, expense reporting, vendor agreements, sales contracts, invoice processing, internet compliance, and real estate contracts.
What is the importance of esignature?
Electronic signatures didn’t just assist in proper functioning at hard times, like during the Covid-19 pandemic, but they also assist businesses in securely having a strong ground in the ever-advancing technological era. Below are the various benefits of Wesign esignatures.
Accuracy: As humans, we’re all prone to make mistakes. However, corrections and changes are also allowed during the paperwork. When considering the traditional pen and ink paperwork process, any mistake in the document can delay the entire paperwork process as it’ll take more time to rectify, reprinting, and re-delivering the paperwork. But, in the case of e-sign, any update can be down to the digital document with no stress attached.
Speed: Esignature modified the time used in paperwork, allowing organizations to approve agreements on the same day, close deals, and increase the speed of medical approvals.
Security: Physical documents can easily be misplaced, stolen, or forged, but with electronic signatures, you’ll have 100% security as digital documents are meant to protect sensitive data.
Saves money: The cost of physical documents, as well as mailing supplies, printing supplies, and storage costs, won’t be an issue when using an electronic signature.
Scalability: By using electronic signatures in day-to-day business activities, companies no longer experience restrictions or slow down when seeking to scale up. Various paperwork can be sent out and signed fast and easily.
Are digital signatures also electronic signatures?
The terms “digital signature” and “electronic signature” are often used interchangeably, but they’re different. Digital signatures are a form of esignatures that gives the document an extra level of security.