The ESIGN Act was signed by Bill Clinton on 30th of June, 12 years ago in order to legalize the e-signatures and the use of e-signatures has increased since the year 2000. There are various benefits of these signatures for large as well as small businesses.
The electronic signatures help you to get the documents signed in just few minutes. It helps to improve the audit trial and also reduces the use of papers and printers. Money and time is also saved with the use of these electronic signatures. In banks, the e-signatures help to diminish the errors related to processing by 90%, the documents handling expenses are reduced by 80% whereas all future risks are moderated by 50%. In pharmaceutical industry, it helps to support multiple authentication, serves source for the legal evidence, save money and time and increase the efficiency.
There are various uses of electronic signatures and some of the common uses are to sign the leasing agreements, sign the contracts, approve as well as conclude the estimates of project, sign the agreements related to the client, sign different form types related to colleges, schools and universities, sign the bank documents and others.
The 5 best software’s of electronic signatures are Signnow, Adobe Echosign, DocuSign, HelloSign and RightSignature.