Submitted by DocuSign, an ESRA member company.
As companies adopt changes to become more efficient, secure, and environmentally friendly, one often used tool is e-signature technology for document routing and signing online. Real estate companies, such as brokerages, associations and other real estate professionals, are taking advantage of the ten-year-old ESIGN Act that confirms the validity of e-signatures on contracts and documents.
If it has been a while since you have looked at electronic signature technology, it may be worthwhile to take another look. Electronic signature platform providers, like DocuSign, have taken strides to address benefits and concerns related to ease of use and security.
The e-signature platform providers typically offer one or more security measures to authenticate the sender and verify that the document has not changed since it was signed. With real-time visibility into the e-sign process, DocuSign shows when and by whom documents were sent, viewed and signed providing an electronic audit trail as proof.
Most electronic signature solutions offer at least the following benefits:
- Save time and money. Eliminate paper – no more printing, scanning or faxing. No more driving across town to get a signature.
- Gain access virtually anywhere. Documents are digitally stored online so they can be retrieved from anywhere, anytime. All that the parties typically need is a computer or mobile device with an Internet connection.
- It’s green. Reduce paper and toner usage – With an online solution, there is no need to waste paper printing documents out for signature and they can be stored electronically as well, adding to a reduction in paper consumption.
- Control the sales process. Gain complete visibility and control of the signing process. Know who signed what and when. Senders can even automate the routing process with signing reminders and document expiration dates.
On July 2, 2010, the United States Senate and the United States House of Representatives both passed resolutions at the request of DocuSign, Inc. and other industry leaders designating June 30 as “National ESIGN Day“.
The resolutions were the result of an effort spearheaded by DocuSign, industry leader and most trusted eSignature platform, as a means to acknowledge the vital role of eSignatures in the development and continued growth of interstate and foreign e-commerce, and to commemorate the ESIGN Act, which was signed by President Bill Clinton on June 30, 2000.