Electronic Signatures In Industry

  E-tendering is changing the way procurement is processed. It is an innovation that makes the whole process effective, faster, and accessible from anywhere at any time. Digital signature certificates are used to validate the identity of the suppliers and customers, thus providing legal sanctity to the whole e-Tendering process. It also secures the information transacted online, offering the maximum security required for a tendering process. A digitally signed certificate provides a high level of protection for your online tendering process by ensuring the absolute privacy of information exchanged. Organization s  can use certificates to encrypt the data so that only the intended recipient can read and decrypt it. It enables the business users to digitally sign the information for sending it to the recipient, which is then used by the receiver to decrypt it using the sender’s key, which restores the originality of the message. A digital signature certificate ensures more secur...

  Known for being riddled with paper trails, the healthcare industry is one of the busiest professions   that deals with heaps of paperwork. Imagine you signing thousands of medical forms and physically storing all those documents on shelves upon shelves overflowing with patients’ personal information and health data. The list of documentation is endless — maintaining registration forms, patient consent forms, discharge notes, invoices and bills, provider agreements, HIPAA forms, medical trial applications, etc. Hospitals are required to safe keep these documents for years (almost 20 or more) to comply with government rules and regulations. Why deal with so much complexity when digital signatures can make your life simpler? Digital signatures can instantly ease all your worries and diminish your load of paper documents. Digital Signatures A digital signature is almost like an electronic fingerprint. It uses data via codes to authenticate the entire signing process. Public key ...

  Regulations like the ESIGN act (The Electronic Signatures in Global and National Commerce Act) and the UETA (The Uniform Electronic Transactions Act) in the USA have helped other countries move in the right direction. With all the legal backing, digital signatures can do what they do best — help businesses go paperless, save time, money, and a lot of infrastructural costs. Let’s take a closer look at these regulations and dive deep into details. The ESIGN Act The ESIGN Act was passe d  on 30th June 2000, by the Clinton government. This law granted validity to electronic records and signatures in online transactions, be it interstate or foreign trade. To enforce the law uniformly, some basic hardware and software requirements have been set forth. Apart from those, there are some major checkboxes that electronic signature applications need to tick to obtain legal validity. The electronic signature is legally valid if the intent to sign from all the signing parties is clear. Th...

  On June 30th, 2000, President Bill Clinton signed the ESIGN Act, legalizing digital signatures in th e   USA. This was the spark that initiated the wave of digitization, which is still causing ripples in virtually every industry vertical. In 2010, the US House and the Senate decided to observe June 30th as the National ESIGN Day to raise awareness about digital signatures and promote its advantages in e-commerce. With the legalization of electronic signatures, medical professionals have seen improvement in their patient experiences, educational institutions have succeeded in adding value to their offerings, and governance has become more transparent & accountable. In addition, businesses and organizations have scaled up productivity while addressing traditional paper-based workflows pestering administrative teams. This ESIGN Day, let’s look at the contributions of digital signatures in equipping businesses and professionals with a holistic solution that is efficient, inn...

  DrySign helps your business manage all your medical contracts and document signing workflow through efficient and secure digital signatures while enhancing your patient experience. The healthcare industry is an indispensable sector that provides diagnostics ,  preventive, and rehabilitation care to patients based on their medical conditions. With evolving technologies, the healthcare industry has been undergoing a digital transformation for the last few years. Like the majority of other sectors, the primary goal of the healthcare industry is to deliver smooth experiences for its customers, i.e., its patients, while maximizing profits and boosting business. Factors like time management, minimizing expenses, company compliance policies, and top-notch security play a major role in healthcare in promoting patient satisfaction and streamlining overall administrative processes. To provide effective solutions with high-quality care, hospitals rely on paper trails to maintain comple...

  Leveraging technology has proven to be a rewarding decision for many businesses that choose to adapt to today’s digitized realities. Whether it’s for marketing, operations, or accounting purposes, there are now many innovations that are changing the way we do business, and it pays to catch up in many respects. One use case that has grown over the years is using electronic signatures for digital documents. The digital signature market grew to  $2.8 billion globally  and could grow to $14 billion by 2026. However, just like any other digital tool, digital signature applications have their share of concerns, but there are ways to address them. Here are five of the most common concerns related to adopting digital signatures at work and how to work around them. Slow adoption Inertia remains a comm o n theme in any digital revolution, and digital signatures aren’t exempt. People will still prefer the old ways of signing documents for various reasons, whether it concerns elect...

  PKI is a framework behind digital signatures that enables users to authenticate online signatures through robust, end-to-end encryption. A digital signature is a PKI (Public Key Infrastructure) based online certificate that validates the signer’s authenticity, ensuring digital transactions are not forged or tampered with. E-signatures are precisely like traditional signatures in the sense that both are unique to the signer. However, e-signatures offer far more security and assurance concerning the document’s origin, identity, and integrity. Besides providing the highest standards of security, digital signatures are also legally binding, with numerous countries having their own set of laws and regulations legalizing digital signatures. PKI - What does it mean? PKI stands for Public Key Infrastructure, a system that allows users to create, store, and digitally exchange data using digital certificates. PKI enables users to sign documents online or offline without any fear of tamperi...

  Gone are the days when salesmen had to endlessly wander around streets to sell their products! We’ve come a long way, thanks to digitization. The digital transformation of the sales process is already underway. And we have already begun to witness how this transformation is efficiently shaping up across many sectors like healthcare, education, automation, etc. First, however, companies need to empower their sales teams with the necessary tools to cut down time spent on mundane, tedious processes. After all, sales are the bottom line for many businesses. According to research, sales teams spend around  39 %  of their time closing deals, while the rest is spent on administrative tasks. This is where the lag arises. In addition, physical contracts weaken the sales chain. How? On average, it takes more than five days to manage the contract signing process, costing businesses time and money. By using E-signature solutions, sales teams can avoid delays caused by paper-based p...