3 Best Digital Signature Software with Buyers Guide

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Digital Signature Software

Digital Signature Software or electronic signature or e-signature software offers secure signature capturing by cryptography. The systems give users a chance to electronically attach an pic of a signature to a document. Digital signature software helps in verifying signer identity and does speed up the document-signing process.

Advantages of Digital Signature Software

Efficient signature workflow: Document signature manually workflow management can be time consuming. Manual methods needs tracking multiple persons who require to sign a document, and often need users to manually route the document from one signee to the other. Digital signature solutions gives users a chance to design a workflow using various routing logics like parallel and get it signed by multiple signees in no particular order, series which is signed by multiple signees in a specified order, and mixed bit of combination of series and parallel procedures. Users can be tracked the real-time status of needed signatures in a dashboard.

Facilitating compliance with document requirements: Businesses must ensure that all the documents meet standards or requirements including watermarks, certificates of completion, and signature disclosure. Digital signature program helps in facilitating compliance by enforcing standards at the point-of-use. Digital signature software generate automatically certificates of completion with each transaction is completed. Many software provide audit trails, that log document activities from start to finish with forwarding, signing, printing, and declining a signatory.

Faster deal closure: Manages paper-based signature workflows need significant time used in physically moving document from signee to another, and the amount of follow-up effort is overwhelming. The process is complicated when documents need to be routed across cities or countries. Digital signature software easen process by able to users electronically sign documents with verification, permitting easier transactions and faster deal closure.

Features of Digital Signature Software

Authentication: Determining and verifying the identity of signees and signature via email SMS Telephone call Social media profiles and geo-location capturing.

Electronic signature: Signing documents within the software system, and ensuring only the requested recipient duly signs the document.

Audit trail: Tracking document changes, viewing change timestamps, and verifying document ownership changes.

Mobile signature: Capturing signature thru mobile app or web-based interface.

Multi-party signing: Sharing documents with multiple users and collecting multiple signatures in a serial, parallel order, and combining order.

Cost of Digital Signature Software

Most products in the market are priced on a “per user, per month” basis, and can be divided into three pricing tiers based on their starting price. A premium product is priced higher and include additional features like API access, transactional process triggers, white labeling, location capture.

Considerations while Buying Digital Signature Software

Authentication methods: What makes digital signature software secure are its authentication methods. The software provide a number of authentication methods, like access code, email, social media profiles and phone. Some products also permit geo-location verification to capture the GPS coordinates at the point-of-signature and validates signees based on location. Buyers of digital signature software must have to determine authentication policies and requirements, and make a list of products accordingly.

Mobile app: Businesses continue with build mobile work-forces, mobile applications are becoming a real need. The apps permit users to get many tasks on the go, making business as a whole easier, faster and efficient. Mobile digital signature software permits users to get pictures of physical documents and contracts, convert into PDFs, and assign to signees instantly. Signees can view documents awaiting their signature, and complete process within the mobile app. Businesses are building a mobile workforce should evaluate products which include functionality.

Digital Signature Software Trends

Wearable technologies are entering the digital signature market space: Due to an increased risk of signature fraud, businesses are secure digital signature software. Solution is using wearable technology. Software sellers have started encoding cryptographic keys into smart chips for embedding them into wearable devices. When connected to mobile devices thru bluetooth, chips serve as proof of signee identity. Since adoption of wearable technology with small businesses is on the rise, expect the popularity of identification method to grow in the next five years.

Blockchain is the future of digital signature software: The demand for steadier security protocols is making adoption of blockchain technology. Blockchain-powered digital signatures program utilizes public and private keys of signees for authentication contracts. As transaction information is available on a publicly distributed network to multiple entities for authenticating signatures, likes of fraud are significantly decreased.

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