The most robust electronic signature providers can effectively solve these problems. They will have a host of authentication methods to determine the identity of the signing party. These include email validation, access codes, login credentials, ID check, phone authentication, strong digital certificates, options for witnessed signing, etc. They will also offer tamper evident documents and certificates of authentication with every transaction. These certificates track everywhere a document has been, what actions have been taken upon it, and when and where each event occurred.
Gartner says it best: “The effectiveness of a signature solution is not determined by the legal precedent for the acceptance of the signatures. Rather, it depends on good process management, good document control and the maintenance of a clear chain of evidence.”
Let’s evolve and take advantage of the incredible economic benefits of faster, cheaper transactions, but let’s do it intelligently and prudently so that we can rest assured that our contracts are still safe, secure, and legally enforceable.
Find out more about how to pick the right electronic signature solution here!