Practical Applications for E-signatures After the Approval of the E-Sign Act
- Author Alfred Siliano
- Published December 4, 2010
- Word count 518
E-signatures have been getting more attention lately since the E-sign act was approved. Many organizations and online businesses are now looking at how they can make use of e-signatures for their operations. A number of practical applications for e-signatures can really be done now since the E-sign act, helping to improve how many companies conduct their business these days. With the approval of the ESIGN act, companies now have plenty of ways to run their business a lot faster and smoother, improving the quality of their work as well as their productivity.
The most common practice for e-signatures is to use it for signing e-documents. There are many different e-documents nowadays as the printing of traditional documents is slowly becoming unnecessary. The E-sign act allowed a lot of organizations to verify product orders online. This is extremely useful for companies that wouldn’t normally be able to handle sales straight from the internet. These companies usually offer larger products or services that require heavy authentication from the client’s end. Now, any business--no matter how large or small--can conduct their operations fully over the internet.
The application of e-signatures since the E-sign act also enabled the movement for converting offices into paperless operations. This green practice helps a lot in reducing a business’s carbon footprint. Companies contribute less to the production of carbon and wastes once they’re fully converted to paperless processes. Contracts between clients and businesses can now be done online, effectively just as legal as a printed contract. Offices can also distribute memos and reminders through computers, and have them acknowledged and signed without having to print out a number of copies on paper. Basically, anything that requires a signature for compliance or verification can now be turned into an e-document which can then be signed with an e-signature.
These new practical applications for handling "paperwork" have advanced the level of production in many offices worldwide. Convenience and accessibility are two of the main new attributes a business can add to their brand once they start using electronic signatures. Business operations now run more smoothly, since a person’s physical presence is no longer necessary to have certain documents and contracts signed and approved. Nowadays people can access e-documents while on the train to or from work, while at lunch, or wherever else they may be just as long as their mobile device supports apps for the use of e-signatures. Since e-signatures are accessible anywhere as soon as you’re connected to the internet, signatures are released, papers get signed, and business runs smoothly no matter where you are in the world.
Speed and efficiency are two other positive results brought about by these new practices and applications. Businesses accomplish tasks quickly, increasing their operation’s level of productivity. Not only does the use of e-signatures since the E-sign act help in saving important time, but it also helps save finances since more time can now be allotted for other business tasks. What this means is that more work gets done within a 24-hour period, producing more results at the end of the day.
Alfred Siliano is a business journalist who has covered the E-Sign Act. For more information, go to DocuSign.com today.
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