Now that we know how a digital signature works, let’s go over some key benefits it offers to businesses –

1. SIMPLE & INTUITIVE
The biggest benefit of a digital signature is its simplicity and ease of use. Once the signer has acquired his/her digital signature, it becomes very easy to apply it to any document and send it across in a secured manner. The recipient signs the document and the process is complete. It is that easy and can be accomplished from the comfort of the office.

2. HIGH LEVEL OF SECURITY
In today’s IoT era (Internet Of Things), e-business is the norm and everyone opts to send documents over the electronic media versus traditional paper documents. Digital signatures become essential in such scenarios. Not only do they contain the signature of the sender, but they also contain traceable information on who signed the document, when was it signed and where. These inherent features of the digital signature enforce stronger security than a conventional paper document.

3. CONVENIENCE
All businesses operate in geographically disparate locations. Even small businesses have to deal with suppliers, customers, and partners located in different states, cities and even countries. Digital signature facilitates online authentication, which makes it a very convenient solution instead of a paper-based printed and scanned version.

4. QUICK TURNAROUND
The convenience of digital signatures inherently implies a faster turnaround time. Instead of involving multiple players, who will handle printing, signing, scanning and sending one side of the business transaction and the same set of actions on the other side, a digital signature authentication happens at the click of a button. Naturally, electronic signature software gives businesses the necessary agility, edge and helps to improve trust with their stakeholders.

5. LOWER COST
Undoubtedly, with the entire paraphernalia of manual printing, signing, and scanning going out of the way, a digital signature is highly cost-effective. Besides, it saves paper! Over a longer period, all this adds up into the business’ incomes.