Trick or Treat! The 4 Scariest eSignature Myths Debunked.


eSignature Industry, Getting Started

Ghosts, goblins, and ghouls bring quite a fright  to this day. Whether it’s at a haunted house or in your own neighborhood, it’s quite a spooky sight on All Hallows’ Eve. Yet, it’s not a witch’s cackle or a loud chainsaw emerging from the ominous haunted house door that gets us spooked…

eSignature provides helpful solutions that eliminates extraneous cost, time, and risk for businesses in the 21st Century. However, despite its great benefit, the eSign industry is plagued with a few eSignature myths that are more tricks than they are treats. In our near two decades of providing eSign as a SaaS and on-premises solution, we’ve heard just about every query and preconception when it comes to electronic signature.

While we’ve gotten a few quirky outliers, many of the questions share some common themes. Some of them a result from the ghosts of eSignature past, while others are just frightening untruths.Trick or Treat! The 4 Scariest eSignature Myths Debunked.

We’ve debunked some of the scariest  eSignature myths and highlighted some of the premier benefits businesses can enjoy from eSignature. And since it is Halloween after all, we thought we’d do it by playing a game:

Trick or Treat! eSign Myths That Go Bump in the Night

Trick: eSignatures aren’t legally binding and leave businesses liable or vulnerable.

Treat: eSigning has provided businesses in all markets with a secure and legal alternative to pen and paper signatures. The UETA legislation of 1999 and ESIGN act of 2000 afforded electronic signatures the same legal weight as its pen and paper counterpart. These two legislative acts define an electronic signature as:

“an electronic sound, symbol, or process, attached to or logically associated with a contract or other record and executed or adopted by a person with the intent to sign the record.”

Since UETA and the ESIGN act were enacted, contracts completed and signed electronically have been just as legally binding as physical ones. eSignatures have held up in courts of law time after time, with the most recent case in Arkansas (Barwick v. GEICO), where online applications and eSignatures were again considered synonymous with pen to paper. When your eSignature vendor can guarantee all ESIGN and UETA mandates are satisfied, electronic signature comes with no inherent legal risk. AssureSign provides B2B and B2C consumers with a legal and secure eSignature platform that satisfies all (1) intent to sign, (2) electronic consent, (3) signature association, and (4) record retention requirements.

 

Trick or Treat! The 4 Scariest eSignature Myths Debunked.

 

Trick: eSignatures and digital signatures are the same thing.

Treat: AssureSign provides a simple, yet robust eSignature solution that avoids the cumbersome processes that go along with digital signatures. An electronic signature is not the same as a digital signature, even though many use the two terms interchangeably. Digital signatures embed a unique digital “fingerprint” into documents and the signer is required to possess a certificate-based digital ID (a digital certificate) in order to link the signer and the document. These certificates must be issued by certification authorities (CA), who also provide users with a public and private key. Digital signatures require far  more steps for users and signers… spooky, right? eSignatures are the simplified and seamless alternative to digital signatures. AssureSign’s technology eliminates the need for digital fingerprints and access keys, allowing a signer to simply click and sign using one of our versatile solutions. Just like we provide the United States Olympic Committee (USOC) with a simplified interface that spares Olympians time away from training, we can provide you with the seamless—and mobile—signing environment that your customers prefer.

 

Trick or Treat! The 4 Scariest eSignature Myths Debunked.

 

Trick: Our business can’t afford another expenditure.

Treat: AssureSign saves businesses from nearly every industry thousands of dollars in shipping and associated costs every year with eSignature. Consider all the different types of  documents that you send out in order to do business: sales contracts, change orders, field services, and employee/contractor onboarding, just to name a few. Not only is time wasted on behalf of your team and the signer, the extraneous costs associated with printing, shipping, signing, and overnighting the document(s) back to their originator are hardly efficient. Eliminating these costs is exactly how Captorra saved over $4K annually after trading in paper and pen for AssureSign. Take a look at how much you could save each year with our eSavings calculator. Proceed with caution… the savings are scary good!

 

Trick or Treat! The 4 Scariest eSignature Myths Debunked.

 

Trick: There aren’t enough security measures in place to protect the most confidential of documents.

Treat: AssureSign employs a three-layered data encryption algorithm to protect even the most confidential data when sent for eSignature. In short, all three layers are constantly rotating and encrypting data via function of database, encryption keys, and rotating storage. All three layers enable SHA-256 data encryption, the proven method AssureSign utilizes in keeping your data secured. Additional security measures are available for our customers who regularly transmit sensitive data… Our Knowledge Base Authentication (KBA) leverages personal information as an additional identifier to prevent fraudulent signing attempts. Certified jotblock and timestamp features extend the ability to certify eSignatures and further strengthen document audit trails. The end result lends your business 100% certainty that resting and in-transit data is secured, and that the intended signer is the only one who can access the documents. When content management vendors like Jadu require proficient document and accessibility protection, they trust AssureSign’s security protocols to keep their data safe and sound. Interested in learning even more about how AssureSign’s security measures secure document and eSignature data? Download our eSignature Security Relay Race whitepaper!

Trick or Treat! The 4 Scariest eSignature Myths Debunked.

 

Trick: All eSignature vendors are essentially the same.

Treat: The only differences between AssureSign and its competitors is cost, security, affordability, flexibility, customer-centricity, innovation, unique to industry solutions and deployments, continued training/learning resources, best-in-class customer support, custom user branding, integration and API quality, bulk document sending… should we keep going? AssureSign provides the industry’s best quality solutions with flexible pricing that makes sense for your business model. Our flexible APIs with bidirectional information flow allow premiere integrations–like our newly featured AssureSign + LinkedIn + Dynamics 365 integration—that fit nearly every use case. Not to mention, we were deemed a 2017 “Hot Vendor” by Aragon Research for our innovation in digital transaction management. Don’t take our word for it, ask Firehouse Subs how the industry’s most versatile eSignature solution revitalized their franchises! 

 

Trick or Treat! The 4 Scariest eSignature Myths Debunked.

 

These tricks can be pretty eerie! But like a haunted house… they can be quite a fright at first glance! But when you apply fact to fiction, you’ll find eSignature myths to be all smoke and mirrors.

R.I.P eSignature myths!

Trick or Treat! The 4 Scariest eSignature Myths Debunked.

 

 

Have an eSign myth that keeps arduous paper processes haunting your workflows? Contact Us today and let us give you a complimentary demo of how eSignature can enhance your business’s bottom line!

 

oh… and Happy Halloween!

Jackson Burke

Jackson Burke

Content Marketing Specialist at AssureSign
As AssureSign’s Content Marketing Specialist, Jackson advocates for the adoption of electronic signature among leading markets by relaying its benefit to a range of audiences from the average reader to those in software development. Before appearing in notable publications like the American Bar Association, Jackson received his B.S. and M.Ed. from Middle Tennessee State University, just outside his birthplace of Nashville, Tennessee. When not at his desk, you can typically find him at the gym, park, or debating white to red sangria.
Jackson Burke