Digital Signatures in E-Tendering

 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.

Organizations 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 security as compared to other online transactions. It makes the e-tendering process incredibly convenient and transparent for everyone involved.

E-procurement has gained significant popularity and has brought greater transparency to the entire system. Among other benefits, it helps buyers and bidders overcome geographical limitations, shorten purchasing cycles, and keeping pace with evolving technologies.

To get the e-tendering process going, every organization requires a Class 3B Digital Signature or Digital Signature Certification (DSC). Usually, the DSC’s are used for Electronic Data Exchange (EDI), online tendering, and other web-based transactions where speed and credibility are crucial.

Before opting for digital signatures for your business, you must understand how they can help you facilitate your E-tendering process:

● Is E-tendering useful?

● How can Digital Signatures help?

● Classes of Digital Signatures required for E-tendering

● Validity of E-tendering

Want to know more about how digital signatures can help make the E-tendering process simpler? Read our full blog here: https://www.exela.digital/54b

Want to know more about DrySign? Click here to learn more: https://www.exela.digital/nqm

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