An electronic signature, also known as an e-signature, is a legally binding way to get an agreement from someone.  It’s used in place of a handwritten signature and has the same weight as a traditional pen-and-paper signature. Electronic signatures are becoming increasingly popular and mainstream, but there are still a lot of misconceptions about them. Electronic signatures are becoming increasingly popular as we move more of our lives and work online. However, there are still some myths about electronic signatures circulating. In this article, we’ll dispel the top 9 myths about e-signatures.

Myth 1: Because of the possibility of cloud hacking, electronic signatures are not sufficiently secure

Even though electronic signatures are fast and convenient, some people worry that they may not be secure enough. After all, if hackers can access data in the cloud, couldn’t they also hack into electronic signatures?

While it’s true that cloud hacking is a risk, there are actually several layers of security that make electronic signatures entirely secure.

Electronic signatures are becoming increasingly commonplace in both our personal and professional lives. Many people view them as a more convenient alternative to traditional handwritten signatures, but there is also a growing perception that they are more secure.

There are several reasons why electronic signatures may be seen as more secure than handwritten ones. For one, they cannot be forged as easily. It is also much harder to tamper with an electronic signature than it is to alter a handwritten one.

Another reason why electronic signatures may be viewed as more secure is that they can be verified much more easily. With a handwritten signature, there is always the possibility that it has been forged or tampered with. With an electronic signature, however, the authenticity of the signature can be verified using cryptographic techniques.

Overall, then, it seems that electronic signatures do offer some advantages in terms of security over traditional handwritten signatures.

Myth 2: Electronic Signatures are not legally acceptable

With the advent of the internet and new technologies, the way we do business has changed dramatically. One of the biggest changes is the way we sign documents. In the past, a physical signature was required on paper documents in order for them to be legally binding. But with electronic signatures, this is no longer the case. So what makes an electronic signature legally binding?

An electronic signature must:

1. Be attached to or logically associated with the document or form it is signing;
2. Identify the signer;
3. Indicate the signer’s intent to sign; and
4. Be created using means that the signer can maintain under his or her sole control.

If these three conditions are met, then an e-signature carries the same legal weight as a handwritten signature. This means that e-signed documents are just as binding as any other contract or agreement.

Here’s what the process of e-signing the proposal or contract or any other document with Fresh Proposals looks like,

• A special URL is used by signers to access the document.
• Along with the date and time of the signature, we also keep track of the parties’ IP addresses.
• All parties are informed and any signatures are revoked if any aspect of the proposal is updated or modified. The updated document would then need to be resent and resigned by all signatories.

Myth 3: E signatures are too expensive

E-signatures are not expensive. In fact, they can save your business money in a number of ways. First, by eliminating the need for paper documents, you can save on printing and storage costs. Second, e-signatures are legal and binding in most jurisdictions, so you can save on legal fees associated with traditional paper contracts. Finally, e-signatures can help speed up transactions and processes, saving your business time and money.

As the world increasingly moves away from paper documents and into the digital realm, many businesses are wondering whether they should start using electronic signatures. The short answer is yes! Not only are electronic signatures more convenient than traditional signatures, but they’re also very affordable. In fact, there’s really no reason not to start using e-signatures for all of your business documents.

Myth 4: E-Signatures are just digitalized handwritten signatures

Despite the fact that this is true for basic electronic signatures, professional e-signatures from Fresh Proposals offer much more than just a digitalized representation of your physical signature. Our e-signature requirements for advanced electronic signatures are as follows:

• securely link the signer to the document
• capable of identifying the signer
• allow the signer to keep control over the document
• are able to recognize any future changes made to the document

Additionally, each of our signed papers comes with a digital certificate that includes a completely traceable audit trail and records the author, signer, device, IP address, and time and date of the signature, among other information.

Myth 5:  E Signatures are hard to set up

E-Signatures are easy to set up. All you need is a computer with an internet connection and you’re ready to go. E-Signatures are legal and binding in most countries, so you can rest assured that your contract will be valid. Even if you’re not a tech-savvy person, setting up an e-signature is a simple process that anyone can do.

Check out this post to learn more about creating e-signatures with Fresh Proposals

 

Myth 6: E-Signatures aren’t user-friendly

E-signatures are user-friendly because they provide a simple way to electronically sign documents. E-Signatures are user-friendly because they allow a person to sign documents electronically without having to print them out and sign them manually. This can be done with a computer, tablet, or smartphone. This technology has been around for many years, but it is only now becoming widely used due to the increasing use of electronic documents. E-signatures are a convenient way to sign documents without printing them out and signing them in person. They are also more secure than traditional signatures because they can be verified using digital means.

Myth 7: You can’t use e-signatures on mobile

In today’s business world, more and more people are working remotely. This means that they are not always in the same place as the people they need to sign documents with. Fortunately, you can use electronic signatures on mobile devices to make this process easier.  You can use them on your mobile phone to sign documents, contracts, and more.

Electronic signatures are legally binding in most countries, so you don’t have to worry about the validity of your signature. They’re also convenient and easy to use. All you need is a smartphone or tablet with an internet connection. Mobile devices are becoming increasingly popular, so it’s no surprise that more and more businesses are using them for electronic signatures.

There are a few different ways to sign electronically on mobile. One way is to use a finger or stylus to draw your signature on the screen. Another way is to use your camera to take a picture of your signature. Either way, you can be sure that your signature will be legally binding.

Myth 8: You can’t have more than one e-signee per document

With the ability to co-sign and send proposals. contracts or agreements to numerous signees at once, e-signature technology actually makes managing multi-party documents smoother.

With Fresh Proposals, you can add as many signature boxes as you required and easily collect multiple signatures in one transaction. You can keep track of who has viewed, accessed, and signed your documents for a transparent document workflow. The sophisticated audit trail contains a record of every detail related to the documentation process.

Myth 9: Managing digital documents is challenging

With our e-signature solution, we simply handle digitalized documents. With our user-friendly dashboard, you can easily keep a track of your signed, pending, and uploaded business documents. You can keep it all centralized.

Digitalized documents are more simpler to file and store than their paper-based equivalents when it comes to storage. By using e-signatures you can save important physical storage space. By eliminating your paper-based signature process you can streamline and simplify your document management.

Conclusion

In conclusion, electronic signatures are a great way for businesses to speed up the proposal signing process. They are legally binding and allow for a paperless workflow. If you’re not using electronic signatures in your business, you’re missing out on a valuable tool.