Electronic Signature

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Author: John Chris

An electronic signature is equivalent to hand-written signature, with data in electronic form being attached to other electronic subject data as a means of authentication. A signature can be referred to as a unique stylized script associated with a particular person. Electronic signature is not just a picture of the hand written signature. It indicates that a person adopts the contents of an electronic message. Electronic signatures are a fine blend of technologies and methodologies. It can be used internally for approval purposes in issues such as taking time off, documenting formal documents and making requests. They also apply in account opening in a bank or any other establishment. Electronic signature plays a significant role in signing documents pertaining to critical infrastructure and planning processes. Each and every country has a mandate to ensure that its image and reputation is enhanced; e-signature can be used to achieve this through the certification of authorship and integrity.

Electronic Signature refers to anything that shows identity and intent. In a layman term or language, it acts a seal. This could be a digital signature, a pasted image, a graphic signature, or a digital signature that is not encrypted via a 3rd-party authentication disinterested party. E-signature is now legal and valid; the way paper contracts are. This came as good news to outsourcing software development companies.

An E-signature is usually based on various types of encryption to guarantee the authentication of the document. It is mainly concerned with the security of a person. It is considered as more secured way of authentication than e-mailing signed contracts. E-signatures are based on electronic process that ensures the authenticity of any electronic document either in form of an e-mail, a file in text format or a spreadsheet. It verifies that the information is from its original source and that it has not been altered since its creation. Also, e-signature are accessible anywhere anytime. It focuses on saving paper as no printing of any agreement is required. Everything is electronic and no paper work involved. The process associated with signing any document electronically is rather very simple and easy to understand.

The offshore software development companies that benefited the most in the legalization of e-signature were mainly those in financial services, e-marketing, and those dealing with household services. The law also came as a turning point for B2Bs whose business operations require agreements that are legally binding when it comes to supply of orders and services. Legalization of e-signatures, therefore, saw drastic growth in online business. Tax departments have also benefited a lot from e-signature. They are able to register fiscal cash by using a unique serial number that is written securely and assigned to the owner of the cash register, after purchase. Many companies provide e-signature software to e-sign PDF, Excel, Word and AutoCAD documents. Organizations also offer custom development of software incorporating signature capture. Companies no longer need to store financial documents as the doubts of authenticity of documents no longer exist with E-signature.

John Chris is the author of this article. He has been writing articles for companies involved in outsourcing software development since last three years. He also has a keen interest in offshore software development companies.