Electronic Signatures In Industry

Virtually hiring easy with DrySign The Covid-19 pandemic was introduced drastic changes in most of the core processes. It was the necessary nudge that pushed us to come up with efficient and contactless countermeasures to the old and obsolete manual paper-based processes. Things are not that different when it comes to hiring. With the remote working & hiring trend taking off, it is now easier to overcome geographical boundaries and seamlessly collaborate. But for every solution statement, there is a high probability that the solution might not be ironclad and might not cover the entire spectrum of the process. The recruitment process is a complex process that is riddled with a flood of paperwork, approvals, and signatures. But with  digital signatures  like DrySign, it is now possible to address these hidden costs and speed up the process.   Addressing the flood of documents  Be it the signing of NDA’s, declarations, pension nominations, or any such declaration d...

Aadhaar eSignatures Promise a Pathbreaking Solution to Signing Documents The Internet and access to real-time information have revolutionized aspects of daily life for citizens. This has been especially true for India, a country of 1.4 billion. Technology has transformed various customer-facing industries, making it convenient and easy to access for its growing digital users. The country's digital economy has soared thanks to home-grown technological developments and access to multiple platforms and applications. It will increase in size in the coming years due to the rising numbers of digital citizens, internet penetration, growth in online payments, and advanced security measures to protect citizens. India's digital economy has grown 2.4 times faster than the Indian economy  – India Today. The digital economy has given birth to the need for digital IDs. Verifying these digital identities unlocks access to various critical services, from healthcare to government benefits. Digi...

  How Digital Signatures can Improve Cost-efficiency  Enterprises have always relied on paper documents for conducting daily business. However, procuring business documents can be a tricky affair. It includes checking for any errors or misspellings. Not to mention the printing and posting costs that increase the overhead costs for a company of any size. This is where modern automation technology like electronic signatures can be a game changer. Electronic signatures or eSignatures can digitize the entire signing process. Electronic signatures can simplify operations and provide advanced security against online risks. With various countries backing the technology by making it a law, businesses adopting it will be at the forefront of the competition. An  electronic signature  solution will allow companies to digitize all documents and attain signatures from all stakeholders from any location or device. Businesses using eSignatures have experienced a reduction in turnar...

  Onboard Remote Workers with eSign  The COVID-19 pandemic and its aftermath have exacted a heavy toll on employers, upending the usual methods of working and conducting business. Companies had to change their processes overnight and shift to a work-from-home model. This resulted in chaos, causing companies to evolve, learn, and adapt quickly. Companies had to adopt a new remote work concept to sustain businesses and stay afloat in a competitive market ecosystem. While organizations are still recovering from the effects of the pandemic, employees are getting used to remote work and the perks that come along with it. Remote work is vital for job seekers looking to balance work and life. The transition to hybrid role models has helped professionals understand the benefits of remote work. According to a survey by AT&T, the hybrid model adoption rate will rise from 42% in 2021 to 81% in 2024. This is due to remote work being preferred by young employees to work from home or an...

  How e-signatures can benefit the insurance industry Over the last few years, the insurance industry has demonstrated incredible adaptability and resilience. With digital technologies expanding at the speed of light, carriers have tapped into new competencies to drive transformation and operational efficiency. The past year reflects a mixed bag – rising premiums in the commercial and personal lines of business – challenges due to the COVID-19 crisis – new market entrants facing difficulties revolutionizing insurance when the rubber met the road. From a constructive perspective, continued competition has outgrown innovation. Above and beyond all the transformations, the industry has realized that there is a need to integrate technology into the system's spine – documentation. The insurance industry heavily relies on paperwork, which is the main reason for sluggish processes, redundant prices, and time-consuming workflows, resulting in dwindling revenues. With ongoing challenges suc...

  DrySign Aadhaar eSign Gateway Work DrySign is an easy-to-use  digital signature solution  that uses your Aadhaar or PAN to authenticate your documents for you. In a document where multiple signatures are required, DrySign will easily fetch and authenticate the identities of all the signatories from government-authorized online services. Currently, DrySign has an official partnership with eMudhra, a licensed Certifying Authority in India under the Controller of Certifying Authorities (CCA), Government of India. This means that whenever you sign a document using DrySign, a unique hash value is embedded permanently in the document by eMudhra, making that document legal and authentic – even more authentic than a simple paper-based signature! We chose eMudhra because their services are trusted by some of the biggest brands in India like Infosys, IBM, Kotak Mahindra Bank, IDBI Bank, and many more. This blog will take you step-by-step through the process of signing using ...

  ways esign can benefit law firms The legal industry is traditionally monetized by billable hours – one of the most critical goals of any law firm is to augment billable hours. However, for the most part, lawyers, legal interns, and other professionals attached to the field of law are held back from achieving their goals because of manual processes, paper-based workflows, and legacy technologies. These time-consuming elements force law firms to get mired in low-value tasks instead of prioritizing customers and revenue generation. In the paper-intensive legal industry, attorneys and clients often need to get contracts, agreements, court documents, etc. signed. But the hassle of manually scanning, printing, and signing papers leads to a massive waste of time and resources. The legal industry is foreseen to reach $908.26 billion by 2025. With the legal industry growing at a breakneck speed and the heavy reliance on paper-based processes, law firms are more likely to be one ...

  eSign for Multiple Industries Today, companies operate in times of unprecedented change. Digital transformation provides them with opportunities, with early adopters taking the lead. However, it is challenging for companies to scale with a relevant approach. Reinventing processes takes considerable time and effort, and digitizing processes means considering customers' needs and security. Electronic signatures or eSignatures are a modern digital tool used in getting consent via e-signatures on contracts and agreements. It was vital during the COVID-19 pandemic and helped organizations foster and maintain business relationships. However, an obscure understanding of the law and changes in regulations and compliance can prohibit companies from investing long-term in these innovations. Electronic signatures are an asset to industries looking to optimize internal processes and facilitate great customer experiences. Although regulations deter enterprises from investment, electronic sign...