Why startups should go for digital signature solutions

Startups need to establish themselves in less time to make their mark in today's cut-throat competitive market. To do so they cannot drag themselves down with the tedious and lengthy document handling and execution procedures. Businesses these days are opting to go digital to attract more customers and streamline their work process. They are extensively using digital signatures over handwritten signatures for timely execution of documents, agreements and contracts online. Startups can incorporate these digital signature solutions in their everyday workflow which will not just prove an invaluable solution to attract a lot of customers, but also save time, lower operating costs, enhance employee productivity and optimize business operations.

Getting electronic documents digitally signed is much easier and secure as compared to handwritten signatures on physical documents. Besides the obvious benefits of going paperless, there are several advantages of adopting digital signatures by startups, corporates, individuals and various government entities.

• Transforming the customer experience: For startups it is necessary to provide convenient and faster customer interaction. Customers these days are accustomed to do business online, hence they expect businesses they are working with to provide faster and reliable online services.
• High level of security: Digital signatures are authentic and secure than the traditional paper documents. Not only do they contain a signature, but they also contain traceable information on who signed the document, what time they signed it, and the location where it was signed. Also, the Digital signature encryption technology protects the document from forgery and will invalidate the document if being tampered.
• Increased process efficiency: Documents can be immediately signed by signer from anywhere, anytime
• Reduced Cost: Switching from a paper intensive process to completely online process can help save the cost of paper, ink, printer, time and shipping cost
• Optimized workflows: Companies can have integrated workflow. Signing, transfer, processing of electronic documents can happen within the system itself. E-Lock software allows you to easily embed digital signatures in highly customized workflows.
• Legal compliance: E-Lock provides government approved PKI based digital signature solutions for signing electronic documents. The digitally signed documents using this technology are as legally valid as physical document with handwritten signatures under IT Act 2000
• Speedy ROI: Startups cannot afford to waste time, manpower, and paper on physically signing and transferring the documents manually. Many organizations are going digital with most of their processes, manual signing of documents still looks like resource wastage. Therefore, the concept of digitally signing documents is gaining momentum, allowing organizations to save time, money, and manpower, for important and critical operations. This not only helps in time management, but for getting enhanced Return on Investment (ROI).
• API integration: The seamless integration of E-Lock components with existing application offers the necessary security, authentication, confidentiality and non-repudiation to the transacted data.