Creating enforceable electronic transactions is a major long-term initiative for most enterprise and governmental organizations. Except for a few specialized markets, most critcal business transactions are still documented on paper today. The credit / debit card industry has created a method for enforceable electronic transactions using electronic networks over the last 25 years. It is effective for small value purchases. Electronic Data Interchange (EDI) exists is certain vertical markets among large enterprises.
Until recent years, there was not a method to effectively create the electronic equivalent of a binding commercial or governmental transaction that could replace paper documentation, and in many cases, the requirement for ink signatures on that documentation. Even within organizations, there are many internal processes that require documented approval, acknowledgement, or acceptance.
An electronic signature is a legal concept for using an electronic symbol to represent a person’s volitional consent to be bound to the terms of a document. What you must achieve with any business process that requires an enforceable document is to obtain a legally valid electronic signature for that document using the proper processes. This is what PRONTOSign™ is designed to do throughout the world where applicable laws and regulations are in place.
For more information, download our product brief entitled PRONTOSign™ Standards Compliance.
AlphaTrust provides the most cost effective and highest performance electronic signature process automation solutions available. Call us at +22.214.171.12400, option 1, or click on the link below and fill out the brief form with a few details and let us show you how we can help you.