An exhaustive background screening process is imperative to validate applicants before hiring them. Similarly, someone’s signature is significant for authenticating documents. E-signatures and digital signs make life easier for people who need to sign documents.
This is why it is beneficial
1. Digital sign solutions save time
Getting a signature from someone who is not physically present is a highly challenging task. Traditionally one would wait for days on end till the concerned person was actually present to sign. Until then, all work was held up, even if it took weeks.
Once the person who had to sign ended up coming, the upheld work would resume, and the necessary action would be taken. Till then, everything was in limbo. Digital sign solutions companies have made this process easy by providing you with electronic signing products that make documents available to all stakeholders instantly. This solution is perfect for companies where decision making involves multiple stakeholders, businesses, banks etc. A person in India can avail ESign service if they have an Aadhaar ID and a registered mobile number. They can sign documents from any place and at any time.
2. E Signing help save costs and other resources
E Signing and digital signatures save cost as it does not involve paperwork. It is not just the money that one spends on paper and ink, which may seem negligible at an individual level, but for large enterprises that use thousands of sheets of paper, these transactions cost a lot.
Not just that, a lot of time is held up if the decision maker is travelling or unavailable to sign for some reason and time is money in every business. Since companies are anyway trying to go paperless, e-signatures are the perfect cost-saving option for them. The other costs that are eliminated are printing costs, scanning costs and overnight delivery costs.
3. Remote Access and enhanced User Convenience
The use of e-signing makes it super convenient for the signatory to sign the document no matter what part of the world they are in. They do not need to fly down or drive over to where they are needed and can get into an agreement remotely. Not only is this convenient, but it also saves resources such as time and money. Banks need to onboard customers, and signatures are required. This is incredibly cumbersome for people in rural and remote areas. Many resources are expended on getting signatures from people who are far off. E-signing is the perfect gateway for delivering services to people across the country without having to bother them.
The Indian Government legally recognises the E signature, and the guidelines related to electronic signature have been stated in the Information Technology Act, 2000. It is the perfect way to go green and is an eco-friendly process. With Aadhaar-Based Authentication, the users are safeguarded as their data remains protected. They can be sure of privacy, convenience, and a happier experience with the company. For all the above mentioned reasons and more, e-signature are preferred over wet signatures by businesses and individuals alike.