Speed up Businesses' Transactions by Using a Digital Signature

The speed at which you are able to complete business transactions does translate to your bottom line. For example, if you are attempting to meet quarterly sales goals, and have pending transactions to complete, you want to ensure these are finalized before the end of the quarter. However, if your organization is still using paper-based solutions to confirm sales contracts, purchase orders and other related items, there are often delays in completing transactions. One method available to help speed up the turnaround time on sales transactions is to implement paperless solutions using a digital signature.

A digital signature is a binding signature, just as if you actually signed it on a sales contract. The reason this type of electronic signature is binding is because it is encrypted and protected in a digital certificate. Any time it is applied to an electronic sales agreement, it is able to be authenticated as being genuine and real. Each person required to sign the agreement has the ability to attach their own signature, as the document is shared between all of those involved in the transaction. As a result, business transactions have a much higher turnaround time, because there is no need to meet face-to-face to finalize the signing of documents. Instead, the entire process is able to be completed through email messages and to include the right attachments. It should be noted, business transactions conducted in the European Union must use an EU qualified signature, which is a variation satisfying EU directives for legally binding electronic transactions.