#Electronicsignaturesolutions

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Strengthening Online Security with eSignatures

E-signatures play a fundamental role in information security. Learn how they act as a secure shield and help businesses thrive.

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A hybrid workforce has become necessary in light of the COVID-19 pandemic. Learn how implementation of eSignatures help in making a difference.

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Blockchain-Based Digital Signing Solution that helps you keep your business running even while working from home. Sign documents with an #ElectronicSignature, #DigitalSignature, Biometrics & National ID's. Use #ESignature during #COVID19 

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A good employee experience helps HRs in attracting the right talent to their company. Learn how eSignatures help craft the experience.

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The E-signature Market in the Philippines: A Broad Perspective | DrySign in Philippines

The digital revolution has resulted in unparalleled levels of productivity and ease. We are currently thriving in an age where technology has a hold on just about and any and every aspect of our life – from shopping to paying bills, to buying groceries and signing documents! However, as much as technology has our lives simpler, it has simultaneously lead to a spike in threats such as data theft and cybersecurity attacks. This is where secure solutions like electronic signatures can play a significant role in preventing fraud and data theft in day to day processes like signing and documentation workflows.

An electronic signature or eSignature is information logically related to other data and is used to sign the associated data by the signatory. An electronic signature provides a safe and accurate form of identification for the signatory to facilitate a smooth transaction. Today, companies and organizations widely use e-signatures to gain approvals on critical documents such as onboarding forms, agreements, sales proposals, and contracts, etc.

Before eSignatures, a firm's work moved at a glacial pace, with people relying on time-consuming, paper-centric processes like printing, scanning, and faxing documents to gain the necessary consent. Enter 2020, and the COVID-19 pandemic commences. Offices were in an uproar due to mandatory remote working. Companies and firms had to shift their processes overnight to adapt to this new way of working. But social distancing created a gap in ways to conduct business digitally. As a result, e-signatures leaped to the rescue of firms looking for workflow automation solutions. In this blog, we provide you with a broad outlook on the Philippines eSignature market since then and its future prospects.

History of E-signatures

E-signatures were first developed in 1977 by Ronald Rivest, Adi Shamir, and Len Adleman. They invented an algorithm known as RSA, which took the first initials of their surnames so that information could be transferred securely. It would be used in public-key cryptography or asymmetric cryptography, where the data can be decrypted using two keys, a public and a private one. The algorithm would play a significant role in public key infrastructure (PKI), a set of policies and protocols for the management of public-key encryption, and the creation to the nullification of digital certificates.

E-signatures have been legal in the Philippines since the passing of two pieces of legislation – Republic Act No. 8792 (RA 8792) and the Electronic Commerce Act of 2000 (“E-Commerce Act”). The RA 8792 overlooks the use of electronic commercial and non-commercial transactions and documents. On the other hand, the Electronic Commerce Act is accountable for regulating electronic documents used for personal and professional purposes. This Act was signed into law by the then-President of the Philippines, Joseph Estrada in March 2000. It stated that electronic signatures are valid as long as they comply with its rules.

Types of E-signatures

Simple eSignature (SES) is used in verifying a person’s digital identity.

Advanced eSignature (AES) is an advanced form of SES that identifies users through a digital certificate attributed to them. This protects the integrity of the document and ensures it remains tamper-proof.

Qualified eSignature (QES) is a highly secure method of identifying signers via digital certificates attributed to users through a government-sponsored scheme and a trusted service provider (TSP).

To know more about eSignature market & eSignature provider - https://drysign.exelatech.ph/blog/e-signature-market-philippines-broad-perspective

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This blog discusses how law firms benefit from online signature solutions and factors to consider while choosing the best software for law firms.

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This blog provides a brief glimpse on the history and future opportunities in the Philippines eSignature market due to digital transformation of processes.

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Industries Integrating E-signatures to their Modern Arsenal of Technologies | DrySign in Philippines

Signatures have been used in executing binding contracts for decades. Traditionally, handwritten signatures signify the written acceptance of contracts and agreements. They bind parties to certain rules or laws specified in a document. It is tangible proof of parties conveying their commitment to a transaction. However, in today’s world, ink signatures aren’t the only option for authorizing documents. Over the last few decades, technology has reinvented how we execute our document signing workflows, giving rise to modern-day electronic signatures, making this tech a natural choice for industries looking to transform their business processes.

Electronic signatures or E-signatures allow parties to submit their consent virtually from remote locations while offering the same integrity and trust as traditional, handwritten signatures. Moreover, e-signature laws in major countries worldwide have made it possible to accept electronic signatures on pertinent documents, covering everything from rental agreements to employee contracts to sales contracts.

Unlike wet signatures, there are different ways to sign a digital transaction, depending on the level of assurance needed. Here’s a quick glimpse into the three different types of electronic signatures:

Standard Electronic Signatures (SES) – Standard eSignatures are the most basic form of electronic signature and contain only the signature of the signee. It is the responsibility of the receiver to verify the sender’s identity. A standard e-mail signature or an image of a handwritten signature are perfect examples of SES. The most common use cases of SES include contracts, purchase orders, or simple business transactions.

Advanced Electronic Signatures (AES) – These offer a higher level of assurance as compared to SES and require the verification of the signee. They contain a certificate proving their authenticity attached to the digital document to give it validity.

Qualified Electronic Signatures (QES) – Qualified electronic signatures (QES) contain a qualified digital certificate stored and managed by a licensed Certifying Authority.

How E-signatures Benefit Industries

Industries undergoing digital transformation are focusing on solutions that can improve internal processes. E-signatures help industries in automating workflows and standardize processing between departments. As a result, industries can expedite daily production and help workers collaborate on projects. Some of the benefits of e-signatures are:

Customization – E-signature solutions enable users to create and save templates of frequently used digital documents to reuse in the future. Industries can create and customize templates based on their line of work and add extra fields for signatures in the document.

Security – E-signature solutions offer robust security features, including multi-factor authentication and password-protected documents to verify user identities. This helps eliminate the risk of fraud or forgery, usually prevalent in paper-based documentation and signatures.

Transparency – E-signature solutions offer transparency in signing processes, requiring both parties to verify their identity. Moreover, digital signatures adhere to major e-signature laws worldwide, driving transparency in online transactions. In addition, digital signatures also offer a real-time trail allowing users to track and monitor modifications or alterations to the document.

Convenience – Electronic signatures are highly convenient to be used by industries. They offer the ease of signing from anywhere, anytime, from any internet-enabled device, simplifying a plethora of processes, from signing deals to onboarding employees remotely to signing sales contracts or vendor agreements.

 

Industries that must use E-signatures

Enterprises on the verge of digital transformation are influenced by their peers’ decisions and the customers’ needs. Digital transformation provides flexibility and convenience to employees while streamlining processes. With enterprises automating various processes to become more agile, adapting new technologies such as e-signatures become a top priority to enhance efficiency and productivity.

Human Resources

Sales

E-commerce

Real Estate

Financial Services

Education

Retail

Legal

Healthcare

Non-profit Organization

Information Technology

Architecture, Engineering, and Construction (AEC)

How DrySign Helps

DrySign is an e-signature solution that helps businesses eliminate signing and document workflow bottlenecks within their processes. It smoothens signing workflows between departments and improves efficiency and productivity by removing the hassle of archiving physical documents. In addition, DrySign works on all devices and operating systems making it convenient for customers or clients. With large enterprises looking to transform their processes to gain customers, e-signature solutions are the right step toward customer success.

Conclusion

In this day and age, e-signatures are a highly required solution in digital processes, helping companies conduct business faster, smarter, and with elevated ease. Trust DrySign to refine internal processes and help businesses maximize their ROIs.

Check out how DrySign is helping using them s-Signature - https://drysign.exelatech.ph/blog/industries-integrating-e-signatures-their-modern-arsenal-technologies

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E-signatures are an anchor of trust and integrity in germane processes. Industries can utilize them to enhance their digital transformation.

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This blog talks about workplace productivity, ways e-signatures can help improve it, and how DrySign features can do wonders for increasing workplace productivity.

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Digital signatures are becoming prevalent in real estate deals. Learn their crucial role from signing new clients to updating contracts and agreements.

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It’s Raining Discounts at DrySign! This Holiday Season, Get 50% off On All DrySign plans! – DrySign in Philippines

It’s that time of the year again – Halloween is over, and November has brought the holiday season that everyone’s been waiting for! With wallets strapped and emotions running high, customers are increasingly looking for brands that can provide personalized, convenient solutions to make their lives easier and better – at a discount! Business owners are no different. Gone are the days when discounts meant only clothes, accessories, or cosmetics! With ever-changing consumer expectations and market trends, organizations and business owners are always on the lookout for the latest digital solutions that can help them stay on top of the competition. Solutions like electronic signatures or e-signatures, for that matter!

They asked, and we heard! DrySign celebrates this holiday season with BIG discounts on all plans, starting 21st November 2022!!

DrySign, an end-to-end digital signature solution, allows businesses to leverage confidential, data-driven business operations from anywhere, anytime, from any internet-enabled device. DrySign isn’t just a product; it provides an experience like none other without costing users a fortune.

A part of Exela’s growing suite of home office solutions, DrySign focuses on supporting businesses and individuals to effortlessly and efficiently navigate daily document signing workflows amidst remote work arrangements. If offers an easy-to-use, cost-effective, secure, and legal electronic signature solution that helps businesses transform their documentation processes and operations. Besides being cost-effective, DrySign also helps improve TATs, enhances productivity at the workplace, and supports businesses embracing green, sustainable initiatives.

That being said, here’s how much one of our clients, a leading organization, saved internally over 3 years, using DrySign:

$4.2M in 3 years

4953 hours per team in 3 years

$115,497 per team in 3 years

390 hours per team in printing over 3 years

$178 per team in printing

2439+ docs signed over 3 years

Want to save as much as they did and more? Let’s begin today!

Our exclusive Holiday Offer gives you 50% off on ANY DrySign plan:

For DrySign Philippines (50% off on regular prices)

Annual Plans

Individual Plan: Pay only ₱225/month!

Professional Plan: Pay only ₱400/month!

Monthly Plans

Individual Plan: Pay only ₱300!

Professional Plan: Pay only ₱500!

Check out more DrySign Features & Benefits on below link - https://drysign.exelatech.ph/blog/its-raining-discounts-drysign-holiday-season-get-50-all-drysign-plans

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This blog talks about the upcoming holiday season and BIG discounts on DrySign’s digital signature solution plans!

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Contract managers use automated processes for creating and managing contracts. Learn how eSignatures help in reducing financial risks.

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Signatures Through the Ages: Tracing the Evolution from Seals to E-Signatures | DrySign in Philippines

Around 3000 BC, the Sumerians and Egyptians pioneered the use of pictures and symbols to convey meaning, marking the beginning of our enduring fascination with signatures. From the earliest pictographs to modern electronic signatures, the concept has evolved over time. Nowadays, it's commonplace for everyone to have a signature they use for various purposes, from signing legal documents to restaurant receipts and delivery forms. It's interesting to note that a signature is not simply one's regular handwriting, but rather a unique reflection of an individual's personality that carries legal importance.

Signatures can be particularly intriguing when it comes to notable figures, such as influential leaders, artists, and celebrities. For example, a Christmas card signed by Adolf Hitler himself was discovered in 1941. The card was printed on heavy cardstock with a Nazi eagle and swastika imprint in the upper left-hand corner, and the signature in the lower right-hand corner was difficult to decipher. This serves as a testament to the historical significance of signatures and their ability to offer insight into the past.

History of Signatures 

Signatures have had a long history of use in Europe, with evidence of their existence dating back to 3000 BC. However, the signing of the Magna Carta in 1215 is a notable example highlighting the significance of signatures. This document was signed by English barons who compelled King John to agree to a charter of rights documented in the Magna Carta. Additionally, the legal significance of signatures was established in 1677 with the English parliament's enactment of the Statute of Fraud Act. This act required that wills, contracts, and grants be written and signed to prevent fraudulent activities.

3500 BC: The first signature

1800-1200 BC: Invention of alphabets and vowels

600 BC: Invention of the Latin alphabet

AD 57: Hanko Seal

1069: Earliest known signature

The 1600s: Widespread use of signatures

1867: Statute of Frauds

1869: Acceptance of digital signatures via telegraph

20th Century: The Rise of the Fax Machine

2000: ESign Act

 

Electronic signatures are revolutionizing traditional paperwork

The use of signatures has been a crucial part of human history, serving various purposes such as business transactions, financial management, education, and daily routines. However, with the emergence of advanced technology and new platforms, digital signatures have revolutionized traditional paperwork. Nowadays, eSignatures are essential to business operations and daily activities thanks, in part, to their convenience and security. Following are the top e-signature trends for 2022:

Businesses will continue to adopt hybrid work experiences

Global regulations will allow more types of documents to be signed digitally

Establishment of a more robust identity assessment

Traditional form-based processes will convert to intelligent, conversational experiences

Get DrySign 

As the usage of e-signatures becomes increasingly prevalent, DrySign, an online digital signature solution, is committed to embracing new developments and delivering a wide range of advantages akin to the evolution of traditional signatures. DrySign is a reliable electronic signature platform that offers numerous benefits to users.

With DrySign, you can sign documents from anywhere in the world using any electronic device.

Using DrySign e-signatures helps to reduce travel time, paper cost, pollution,greenhouse gas emissions, plastic waste, and more.

DrySign electronic signatures provide greater security with strong user authentication methods to ensure the authenticity of the signer.

DrySign e-signatures comply with specific e-signature laws to avoid legal disputes and ensure the validity of the signed document.

Multiple signatories can sign a document electronically through DrySign without any hassle, making it a convenient and efficient option for businesses and individuals alike.

To know more about signature history and how electronic signatures are revolutionizing traditional paperwork: https://drysign.exelatech.ph/blog/signatures-through-ages-tracing-evolution-seals-e-signatures