Tuesday, March 26, 2019

Electronic signature for business

E-Signature technology is just two decade old, but it gives us so many benefits. E-signature, devices and internet connection are making possible to manage business from any place.  

Effective July 1st 2016 the EU Regulation 2014/910, also known as eIDA defines Electronic Signature as defined as data in electronic form which are attached to or logically associated with other electronic data and which are used by the signatory to sign.

Documents signed with e-signature have the same legal effect as hard copies of documents signed by hand and  is the only tool that ensures signing documents in digital environment.

Benefits of e-signature:
  • Freedom of movement. You don’t need to run to the office for signing important contract or cancel your trip because of necessity to sign document this week.
  • Additional security. It’s more secure than traditional signature and also contain information on who signed the document, when and where they signed it.
  • If you care about environmental protection or you are adherent of zero-waste lifestyle, e-signature is must-have for you. Tool reduce costs for paper, ink. However, paperwork accrues up costs – in purchasing, printing, copying, scanning, delivering to other person and storing of paper.
  • Save your time and allow to do business processes faster.

The signed document is also legally valid – enforceable by legislations passed in various countries. 

How to start using e-signature?
You should contact company in your country that provide such service.
For example, in Latvia it is one of the leading electronic communication service provider LVRTC. In Estonia and Lithuania it is local DocuSign.

It is not free service but it does not pay a lot. You will get much more with e-signature.

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