In today’s digital era, we’ve replaced traditional paper-based signatures with digital alternatives for various reasons. Electronic signatures offer convenience and speed by eliminating the need to print, sign, and scan documents.

Software options like Annature, DocuSign, and Adobe have become prominent choices for authenticated digital signatures, revolutionizing the way we handle paperwork.

However, it’s crucial to understand that not all electronic signatures provide the same level of security. While some might scan their signatures, save them as image files, and attach them to documents, this is merely an electronic signature and lacks the robust security of an authenticated digital signature.

Authenticated digital signatures go beyond the surface, incorporating unique digital verification through public key cryptography technology. These signatures come with embedded encrypted authorization, making them nearly impossible to hack or replicate.

Furthermore, when utilising platforms like Annature, an audit trail of the entire signature process is generated, offering insights from the moment a document is sent to when it’s read, signed, and returned. This feature allows for easy tracking of signatories and automated reminders for those who have not yet signed.

Besides their efficiency in reducing the need to print, sign, and scan documents, authenticated digital signatures provide a one-of-a-kind encryption, ensuring the highest level of security. Remarkably, they surpass handwritten signatures in terms of security.

Nonetheless, it’s worth noting that not all documents are universally accepted when digitally signed. Certain institutions, such as banks for Trust Deeds, may still require ink-signed originals due to specific regulatory requirements.

Digital signatures are a game-changer, saving time and enhancing security in an increasingly digital world. They provide a modern solution to age-old paperwork hassles, offering not only efficiency but also unmatched protection for your documents. While they’re not suitable for every situation, their benefits in terms of time-saving and security cannot be denied.

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Pathfinder Solutions advisory team members have either owned or managed businesses, or are investors themselves, so we know first-hand the challenges you face in your world.

Sure we’re Accountants, but the best solutions in business come from focusing on more than just the numbers. Our real-world business experience delivers just that.

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