esignature solutions

28
Jul
2021
How Does The Insurance Sector Benefit From Electronic Signatures?

How Does The Insurance Sector Benefit From Electronic Signatures?

What difference can a year make to the insurance industry? 2020 may be the answer. The ongoing pandemic transformed customer needs, habits, and expectations, stressing on overnight virtualization of operations.

Now, customers desire quicker transactions for insurance services. According to the PWC report, rising customer expectations are tipping the power balance in favour of the consumer.

The ripple impact of the switch is so strong that insurance businesses adopting a remote working model are struggling to adapt to these technological changes. It is directly impacting their brand name and customer service in the market.

To address these issues adequately, electronic signature technology has emerged as the strongest, fastest & safest option to approve insurance documents quickly.

Here is how the insurance sector benefits from electronic signatures:

1) Increase productivity of Insurance agents & employees

Electronic signature has become well known as a powerful technology to ease signing documents for clients, offering an impressive productivity boost for insurance agents and employees.

- You can adequately categorize and archive different types of insurance policies in digital format using this electronic method.

- You can send updates about the insurance deals status that helps reduce human error chances.

- You can track clients more quickly and efficiently, as every document that is signed, transmitted, opened, and read is handled from the eSignature dashboard.

- It ensures that insurance policies are not mixed, lost, or sent to the wrong address.

- Get more policy orders from customers, boosting productivity & business revenue.

- Automates insurance process flows and minimizes repetitive tasks.

2) Enhancing business efficiency

As paper or faxed insurance policy agreements are challenging to track, it isn’t easy to follow the steps of the clients in the process of signing documents. Different parts of the world are experiencing a lockdown, disrupting the document delivery methods and supply networks at all levels.

This situation makes it particularly difficult to track down actual insurance documents and the sudden absence of a critical stakeholder like the delivery partner can derail the entire process.

In this case, electronic signature technology allows for improved speed and transparency, allowing insurers to take action to move the process along by implementing reminder mechanisms or forwarding the documents to a new signing authority.

This mechanism saves precious time for the employees and the clients in follow-ups for document receipt acknowledgment, follow-ups for contract or agreement closure, thereby enhancing business efficiency.

3) Security Prioritization

As the insurance sector ventures into uncharted territory with digitalization, it is critical to guarantee sufficient checks and balances to ensure that the industry’s highly regulated norms are permanently adhered to and followed.

With so many data breaches hitting the insurance companies, there are so many questions to answer:

- How does the company handle the signed documents after receiving them from customers?

- How secure are the storage services used to store insurance documents?

It is pretty easy to tamper with paper-based documents, and even physical signatures get falsified easily.

Electronically signed papers route to high-tier data centers with SSL-encrypted endpoints and 256-bit AES encryption which are the most acceptable security measures to keep sensitive data safe at all times.

4) Mobility and speed in the signing of insurance policies

Customers can utilize an electronic signature to complete the entire onboarding procedure as fast as possible after acquiring a policy.

One of the most significant advantages of employing eSignatures in the insurance sector is that documental work is done from the comfort of one’s own home or anywhere globally using a computer, tablet, or smart device.

When the client has decided to purchase insurance policies, the electronic signature solution allows them to complete the documentation formalities and the related processes almost immediately without waiting for confirmation from the company’s end.

Customers’ confidence in utilizing eSignatures on the go grows as they sign insurance policies online.

5) Reduced spending on insurance paper policies

Research has estimated that 1.024 billion pieces of paper are required each year to deliver insurance policies and the cost to deliver these policies using paper is USD 703 Million.

Check out the savings to deliver insurance policies electronically:

- Reduce costs by up to 85%

- Cut more than 20 days off of delivery cycle times

- Reduce not-in-good-order policy delivery by 99%

Apart from that, an electronic signature results in significant savings in paper costs and other linked materials such as ink, scanners, and printers.

Furthermore, businesses that adopt paper-based processes create an image of being forward-thinking and environmentally conscious. These are the qualities that digital consumers highly value when evaluating service providers.

6) Improved insurance investment experience

Another significant advantage of electronic signatures in the insurance sector is that they assist in improving the insurance investment experience for clients.

Clients have gotten used to the older experiences of facing delays in taking insurance policies.

Digital signatures have given a magical transformation to the customer experience. You get instant verification and confirmation of purchased company policies, which serves as a differentiating element for world-class companies.

In addition to increasing the speed and efficiency of the policy signing procedure, it also reduces the danger of policyholders switching to another alternative carrier before the signature.

Case Study

Knight insurance group is a member of the Hankey Group of Firms, a financial services conglomerate centered in Los Angeles that consists of seven operating companies with 3,100 workers worldwide and $15 Billion in assets at the time of writing. It is a capital support provider and underwriting capability for casualty insurance programs and niche property. The group operates in six Midwest locations: Cincinnati, Cleveland, Toledo and Findlay, Ohio, Chicago, Illinois, and Indianapolis, Indiana.

In addition to delivering outstanding insurance products and financial services to people and businesses of all sizes, Knight Insurance Group has maintained its dedication to superior customer service.

Challenges

The Knight insurance group agents located at these six different locations were processing all paperwork manually. Their new clients took two weeks to fill out and return the applications. Because of this procedure, the likelihood of client churn grew, and administration times exceeded the desired time.

Solution

Following a thorough review of the process, Knight Insurance Group decided to investigate the possibility of digitizing the business processes. Following an inspection, the system administrator for the Knight Insurance Group began looking for alternative methods of completing the documentation. eSignature expedited the paperwork process, and after the research, they decided that eSignature was the most suited solution for such situations.

Benefits

  • Client forms that took two weeks to complete began arriving within one or two days, and they returned 75% of the documents within 24 hours of receipt.
  • Customers of Knight Insurance Group express high satisfaction with the ease, simplicity, and convenience of submitting papers by electronic signature.

Conclusion

An electronic signature massively benefits your insurance business. It moves you ahead of your competitors and prepares you to meet the needs and demands of the next generation.

eSignature solutions bring out the best in insurance companies that have adopted this technology. Sign up for a free eSignature account today.

Posted by Lunar Pen in eSignaure Law, 0 comments
14
May
2021

How eSignatures are Saving Our Planet

Take a minute and look around you; You will see tonnes of papers in our daily lives.

It isn’t easy to imagine a world without paper!

We use paper for data storage, print newspapers, magazines, keep track of transactions, and so on. Students use it for studying, research with books and notebooks, as well as extra notes. Offices use it for printing and storing different records physically. If you visit a post office, you can see that every collected mail is paper made.

According to the researchers, human activity led to the destruction of 15 billion trees every year, reducing the green cover on our planet by 46%.

A paper may appear harmless to you! But in reality, it has caused more significant environmental damage to our planet:

  • Deforestation: 9,541,559 hectares of forest were cut down or burned globally in 2021, which has a whopping 11.3% contribution to global emissions
  • Pollutants: Paper & pulp industries are responsible for producing 100 million kgs of harmful contaminants like SO2, H2S, CIO2, CO every year
  • Waste disposal & recycling: Paper waste disposal & recycling is the main problem as 40% of the total waste is paper waste contributing to 71.6 million tons of waste annuall

Now let’s look at some of the official use of paper:

  • An average employee uses 10,000 sheets of paper every year
  • Sending details on paper costs up to 31 times the original price (printing, copying, postage, storage, filing, recycling, etc.)
  • Each year 7.5 billion documents produce 15 trillion copies of the original documents.

The most prominent observation from the above statistics is that the more you use paper, the more demand is created in the paper industry to produce them every day.

What if we reduce our paper consumption, go green to save substantial operational costs, and transform your company into an eco-friendly company?

How to achieve this feat superfast? The answer is using esignature applications.

Here is how esignatures are saving our planets:

  • Get rid of storage concerns

A standard piece of paper uses cellulose wood fiber strengthened and glued together by strong hydrogen bonds. Suppose the storeroom having paper documents is exposed to hot, moist, and wet conditions. In that case, they are easily destructible—such concerns associated with paper storage force organizations to keep the paper documents in temperature-controlled environments. As paper documents take huge space, such document storage facilities come at mammoth annual costs.

Businesses using eSignatures don’t have to worry about storing paper documents, as documents are stored in electronic format using secure cloud storage managed by third parties like Google, Microsoft & Amazon.

Companies using eSignature solutions save huge costs (power, rental & maintenance bills) associated with the storage of physical documents and make a remarkable contribution in reducing the toxic fumes emitted by power plants, preserving natural resources, and protecting habitats from degradation.

  • Eliminate paper wastage

Some documents are printed, copied, and mailed multiple times to fulfill a company’s requirements, but employees often print unwanted copies of the papers unnecessarily.

It also happens that people require several copies of the document for different purposes and carry document copies with them. The best examples are students using temporary notes for their examination, doctors’ prescriptions for illness, old newspapers, paper bills after shopping, paper envelopes used for mailing paper documents, and many more.

When the purpose of these documents is over, then they are thrown off in the dustbin.

The result is excess paper wastage.

Electronic signatures enable users to sign documents electronically rather than print, sign, scan, and return them by mail.

Companies can actively put a curb on paper wastage using eSignature systems and help our environment breathe better.

  • Reduce harmful emissions from vehicles

An important use of paper is to sign essential contracts and agreements.

There are several instances when the new contract has to be sent to an individual for signature and then sent back to the company. Often, the parties associated with the contract or agreement must travel to a familiar location to complete the deal. They have to use train, flight, personal, or transport services to travel or send the paper documents to the owner or receiver.

If you are using transportation services to travel, send or receive the contractual documents, you actively contribute to multiplying the greenhouse gases responsible for climate change, extreme weather conditions, wildfires, droughts, and a lot more.

eSignatures reduce harmful emissions from vehicles by esigning essential contractual documents without moving out from your location.

  • Get rid of plastic ballpoint pens and refills.

Plastic ballpoint pens are everywhere. They are at home, work, and school, but they are just as polluting as plastic bags and straws because as the ink runs out, you have to throw it away.

All disposable plastic pens and refills contain toxic materials like lead, end up in waterways, landfills, and other places with the harmful content trickling down to the soil and the groundwater table, causing considerable damage to the natural reserves and aquatic life.

As ballpoint pens are not biodegradable, they are a big nuisance for the environment as they can take more than a century to decompose. Nowadays, we have already started seeing the ill effects of plastic in our environment, like microplastics found in fruits & vegetables and plastic getting into the gut area of animals.

eSignature helps you get away from the daily issue of writing documents with a plastic pen. You can create and esign the documents online. If businesses use eSignatures, they can minimize stationery expenses in the workplace. Secondly, they can do their bit in ensuring a greener environment by using fewer plastic pens wherever necessary.

  • It helps reduce electronic waste.

Several electronic products come towards the end of their product life, are irreparable, and have to be thrown away. Offices use computer monitors, printers, scanners, copiers, fax machines, and many electronic devices. Such old hardware can be recycled and disposed of properly. But if not done correctly, they have a horrible effect on the environment as they are non-biodegradable and can lay as indestructible waste on earth for centuries.

How?

When electronic waste is warmed up, toxic chemicals are released into the air damaging the atmosphere, causing colossal damage to human blood, kidney, and central nervous systems.

Organizations using eSignature solutions have significantly less dependability on external hardware devices for the daily task of printing, scanning, and mailing the documents. Employees can use the electronic signature application to create-edit-eSign-Email the documents. It eliminates the need for printers and scanners and helps the companies to do their bit in safeguarding the environment from e-waste.

eSignatures reducing carbon footprints and protecting the environment are not the only benefits of eSignature solutions.

Here is how your business can benefit from eSignature solutions

  • Legally recognized

eSignature applications are lawfully recognized by countries worldwide as the ESIGN Act and the eIDAS Act. These laws help your organization to do business globally.

  • Improved Customer experience

You get instant access to services using eSignature solutions. Waiting time to activate a service like opening a bank account, shopping online, or SIM activation reduces from weeks to few hours, resulting in improved customer experience.

  • Increase in productivity

eSignature technology helps increase productivity as it lets you focus on essential tasks by avoiding time taking activities like printing, scanning, copying, and mailing physical documents.

  • Positive return on investment

You get a lot of direct savings after switching business operations to a paperless workflow. 81% of digital signature users saw a payback in 12 months or less, and 25% saw ROI in three months or less.

CONCLUSION

Are you looking to make your business greener and eco-friendlier in 2021? Learn here how LunarPen benefits your business to achieve swift digital transformation. We are the global leader in eSignature applications and help business organizations manage proposals, NDAs, contracts, and agreements. Our mission is to assist you in digitizing processes in which we are experts while maintaining the protection, confidentiality, and legality of your business operations at all times.

Frequently Asked Questions

How do electronic signatures hold up in court?

Electronic signatures will hold up in court as long as they authenticate the documents. The best way to ensure authentication is to use the LunarPen e signature solution backed by different esignature laws like the IT Signature Act, eIDAS Act, and the ESIGN act.

Are electronic signatures safe?

Electronic signatures are safer than a wet signature as the esigned documents are accessible on the cloud. The encryption technology makes it impossible to duplicate and use the signed documents for illegal purposes.

How do I convert my signature to a digital signature?

You need to follow these simple steps to convert your signature to a digital signature:

  • Use a piece of paper to do your signature
  • Scan the signature using a scanner app
  • Crop to capture the signature and save it
  • Copy, paste & use the saved signature for a new document.

How are digital signatures verified?

One user generates the digital signature, and another user checks the signature. The signatory and the verifier each have a private and public key for the completion of each operation.

Posted by Lunar Pen in eSignaure Law, 0 comments
06
May
2021

Industries That Can Benefit From eSignature Solutions

Moving fast in business is crucial for survival! You move slowly, and the rising competition devours your market share. eSignature solutions help companies to minimize delays with paperwork and move things faster. They cut the turnaround time by 90%, which means a document can be signed and shared online even before the ink dries on the paper. Apart from these benefits, they allow businesses to work smartly, save money, boost productivity without using the costly, time-consuming age-old processes.

Investment in eSignature service is the best bet for organizations that want to blast past these issues and speed up their digital transformation journey.

Here are the industries that can benefit immensely from eSignature solutions.

eCommerce Industry

Is there anything familiar between eCommerce and electronic signatures? Both have closer ties with each other and are dependent on the internet for smooth business operations.

The sole credit of the eCommerce industry getting into a monstrous growth phase (USD 4.28 Trillion worldwide), breaking national boundaries, and reaching genuine customers goes to electronic signature solutions.

eSignatures have entirely changed the way eCommerce companies do business with customers.

Here is how they complement each other!

Every order on an eCommerce website is like an online business contract initiated when the buyer places an order. The open contract is closed when the buyer acknowledges the product receipt with an electronic signature.

The plan of using an eSignature application is evident here.

Its use means genuine company representatives are delivering the ordered product on behalf of the company, and there are minimal chances of the order getting duplicated and misplaced.

Another critical point is that if a business is present in other geographical locations, the company needs not seek the customer’s signature on a physical document as consent to the contract. When you esign the document using an eSignature solution, you can instantly use it as an agreement signed by both parties.

You are miles ahead of the competition in a tough eCommerce market as your customers get the impression that they are doing business with a trusted company.

This way, eSignatures provide a critical way to boost online branding, gain positive word-of-mouth marketing, and enhance Customer Experience (CX).

Banking Industry

Implementing eSignatures in the banking industry can save an astonishing 1.3 hours per transaction! As they are efficient and track documents very fast.

Banks adopt eSignature solutions in daily business operations to offer a better customer experience and digitize their processes.

Here are some ways banks can benefit from using e-signatures:

Minimize transaction time: It allows banks to process a good number of transactions within a short period

Ensures document security: If your bank uses esignature solutions, you don’t have to worry as esigned documents are stored securely in the cloud storage.

Streamline Internal process: Banks can eliminate all time-consuming steps involved in paperwork as you don’t have to print, scan and mail the documents.

Improved customer loyalty: eSignature solutions give clarity, transparency & excellent efficiency in a bank’s internal processes allowing customers to reach them for more services, thereby improving customer loyalty.

Telecommunication Industry

If an industry has truly capitalized and received immense competitive benefits from electronic signature, then the credit goes to the telecommunication industry.

When the world embraced 4G technology, they needed to acquire customers in mass numbers to justify the infrastructure costs.

But the biggest Achilles heel of this industry was manual document processing as companies received connection requests from lakhs & lakhs of applicants every day. Activating these connections in a few hours and providing them the selected services at the right time was like daydreaming.

Then the telecom industry adopted eSignature technology, which completely changed the scene. Here is how it has benefitted from electronic signatures:

Fastest Customer Acquisition: Process KYC documents in a matter of minutes instead of days.

Pleasant Customer experience: What is more pleasing than seeing your applied services getting activated before your own eyes? You apply for a sim today and enjoy voice and internet services the same day.

Contract Signups and renewals: B2B customers sign their contract online on a paperless document with real-time approvals on contract and eForms.

Tamper-proof documents: Digital signatures are tamper-proof as they use highly secured encryption technology.

Ensures compliance: Electronic signature confirms to ESIGN, eIDAS and IT signature act making it suitable for intercontinental business.

Here is a live example of Reliance Jio using electronic signatures to acquire 20 Million customers in a month.

Insurance Industry

Insurance is the second industry after telecommunication searching for new customers to add to its business. The more customers, the greater is the month-on-month revenue.

But the main challenges faced by them are reducing costs, increasing turnaround, and profitability.

To overcome these challenges and remain relevant in the market, these companies have started deploying electronic signatures as a proven solution to acquire online customers securely, build engagement and grow customer loyalty.

The benefits of implementing eSignature for the insurance industry are:

  • Sign new/existing insurance policies with speed and accuracy
  • Super convenient for clients as they can quickly sign and retain copies of their signed policies
  • Get new customers with ease leading to more significant improvement in productivity of field agents
  • Reduce chances of errors by securing your insurance document flow
  • Get a considerable return on investment (ROI) by saving paper, mailing costs, and back-office processing
  • Boosts up brand image in the market as an eco-friendly company
  • One of the most significant benefits of eSignature is that it helps reveal the identify the signer
  • It helps save your office space as you don’t need printing and scanning machines

Construction Industry

Do you know that the global construction market would grow to USD 8 Trillion by 2030? There is an incredible opportunity to be a part of this boom and climb the ladders of success.

The construction industry has tonnes of paperwork- contracts, material sourcing, paid bills, unpaid bills, builder-customer agreements, employee records, bank agreements, construction project management, and a lot more.

According to a recent study by the World Economic Forum (WEF), full-scale digitalization within ten years is capable of producing annual global cost savings of USD 0.7-1.2 Trillion (13-21%) on Engineering & Construction and USD 0.3-0.5 Trillion (10-17%) in the Operations phase.

Electronic Signatures are an essential weapon in swiftly ensuring the digital shift.

You can barely escape from paperwork! Whether the construction company is a smaller company or a larger company, contracts and agreements form part of everyday work. The most important thing is to keep all the records safe for years & years, preventing them from misuse and getting destroyed.

LunarPen eSignature applications are born to handle these situations pretty well.

Here is how LunarPen eSignature helps the construction industry:

  • Stores all documents in one place and keeps construction industry contracts completely secure
  • Eliminates the risk of construction project delays by getting required signatures from engineers, managers, and contractors
  • Process construction company documents in the most efficient way by uploading, eSigning, and emailing the documents
  • Prevents forgery of essential documents and contracts as online documents are accessible only to authorized users

Law Firms Industry

The law firm industry is worth USD 300 Billion a year. It provides expertise on various practices, including business law, criminal law, commercial law, tax law, intellectual property, and real estate.

It involves loads of paperwork hassles that are always a pain and needs due care for document creation, usage, security, and storage.

Paperless electronically signed documents simplify the process of document signing and increase document safety.

Here are the main benefits of electronic signature in the law firm industry:

Time Management: LunarPen eSignature application saves a lot of time doing manual tasks like printing, scanning, mailing, and storing the documents.

Cost savings: It considerably reduces the amount of paper needed for printing, scanning, copying, and mailing documents.

Security: It offers the highest level of protection than a paper contract due to encryption technology, allowing verification of every signer and maintaining the chain of custody.

Client conversion rate: It allows to increase the conversion rate for retaining new clients by signing with the organization immediately at the first intake.

Use from anywhere: Your clients won’t have to take work off to come in and sign documents that are essential to their matters. They go to their email and can review and sign their documents quickly.

Protects confidential documents: It helps protect personal information with secure electronic storage. Your clients will love how fast and easy it is to sign documents with eSignatures.

Legally Enforceable: Electronic signatures used for signing online documents are legally enforceable by law.

Conclusion

The growing list of companies and industrial sectors using eSignature solutions is undeniable proof of its adoption in day-to-day business operations. Take the name of any industry, and you can see the way companies are using this technology to speed up business processes, boost productivity and win consumer confidence. Electronic signatures are a dream come true for companies trying to reduce operational costs and increase market share without constraint on a company’s existing resources.

Frequently Asked Questions

What are the three benefits of a digital signature?

The three main benefits of using electronic signatures are enhanced security, lower transaction costs, and speed.

What is an eSignature example?

Examples of electronic signatures are

  • Using an ePen to create a signature on a touch screen device,
  • Using your fingers to draw your signature on smartphone or tablets
  • Using the mouse to remove your name as a signature on desktop or laptop
  • Signature at the bottom of your email
  • Typing your name as a signature
  • Scanned images of a signature

Is email an electronic signature?

The components of an electronic signature are

  • Your name
  • Name of company
  • Role in the company
  • Contact details
  • Website URL of the company
  • Your photo or a company logo

What is the symbol for electronic signature?

An S-signature is an electronic signature formed by forwarding slashes that include any non-handwritten signature (i.e., electronic or mechanical).

Posted by Lunar Pen in eSignaure Law, 0 comments
17
Mar
2021

How to eSign a Document

If you are wondering how to eSign a document, it is definitely easier than the lengthier alternative of printing, signing, scanning and finally emailing the document to the intended recipients. There has been a sharp increase in the use of e-signatures due to its contribution in ease of doing business while ensuring the safety, security and cost effectiveness of signed documents.

That’s the reason behind the global popularity of the trending search term “How to eSign a Document” as more startups, entrepreneurs & businesses from US, UK and India are curious to learn about it.

Data Source: Google Trends

We have to understand the concept of eSign first before knowing the in-depth process of eSigning a document.

What is eSign?

eSign or eSignature refers to data in electronic form which is a legal way to get approval or consent on electronic documents (Sources : laptops, Tablets, Smartphone) and is used by the signatory to replace handwritten signatures in virtually every personal or business process.

eSign provides the same legal standing like a handwritten signature and is legal, enforceable and trusted by countries all over the world, as it adheres to the specific regulation requirements under which it was created. These reasons make eSign extremely safe & secure for business transactions anytime from anywhere.

Why eSign a document?

Secure online services: eSign service can only be accessed by users that have been authenticated using e-KYC services. To prevent misuse and fraud of eSign, the private keys of esign users are destroyed immediately after one time use.

Easy to implement: eSign records the e-KYC ID to verify the identity of the signer and provides configurable authentication options for eKYC that includes the OTP or biometric details of the e-KYC service provider enabling the eSign users to get easy access to legally valid Digital Signature service.

Easier access to legally valid signatures: eSign process includes the signer consent, digital Signature Certificate issuance request and digital Signature creation ensuring assured access to legally valid signatures only.

Respects Privacy: eSign ensures privacy of the signer by requiring that only the thumbprint of the document be submitted for signature function instead of the whole document.

How to eSign a Document online?

LunarPen is the best eSignature app trusted by top companies that lets you electronically sign all the documents, safely, securely and absolutely free of cost to manage your contracts and drive business seamlessly.

Take a look at the simple step by step process to eSign documents:

  • Create or upload a document:

You can upload the documents by using different options like:

Upload File button – Go to My computer, select the drive and trace the file location to upload the file in pdf, text, doc, docx, csv, xlx, png & jpg formats.

Select Templates – Use in-built templates for invoice, sales letter and reuse them. Share templates to your team members to save time and upload custom documents quickly.

Google Drive & Dropbox – LunarPen gives you industry first features to upload documents directly from the cloud either by using Google drive or Dropbox authentication.

After the documents are uploaded, a preview of the document will appear as a thumbnail.

  • Use the Signed document sharing feature:

LunarPen makes your day to day task easier by sharing two different options to share the signed document.

My Sign: This option gives you the flexibility to share the signed document created by you with a closed group of people to receive the documents in private.

MySelf & Others: If you have a document that needs your sign as well as the signature of other professionals then this option is useful.

  • Send for Signature:

Once you have selected any of the two options, you have to fill out details like subject & message to explain the agenda of the signed documents to the recipients. Finally, Click “Prepare doc for signing” once done.

  • Use the LunarPen interface to sign your document:

LunarPen gives you advanced options to insert different fields needed for signing a document like Name, initials, Signature, Signature date and the checkbox.

LunarPen gives you customized options to draw, write and upload your signature using LunarPen Signature field. It’s one click options enable you to use customized signature for all kinds of documents.

After you have inserted the signature in the document using the signature field and clicked Send, the signed document is sent on the specified emails and you get to see the summary of the shared document like the one shown below.

  • Receive signed document on emails:

The signed document is received by both the signee and the recipients on email in below format ensuring that only the added email ids get the opportunity to view & access the esign document on the LunarPen app safely and securely.

Is eSigning a document safe?

LunarPen uses advanced audit trail features to preserve the information related to editing, sending and signing documents in seconds. This makes it possible to track and audit the digital signatures transparently, so that each transaction can be traced.

To ensure security throughout the signing and verification process:

  • Each party is authenticated via a private code sent via SMS to offer vital security & protection to online users
  • Data is encrypted and stored using industry- standard 256-bit HTTPS advanced encryption making it difficult for hackers to breach it
  • Signed document can be accessed and viewed only by authenticated personnel on LunarPen platform
  • Our e-signature application complies with eSign acts to prevent data leaks & make it threat proof
  • Qualified advanced electronic signature (AES) ensures protection against forgery as signature creation data is used only once

Are you ready to eSign a document?

Now you know the concepts of electronically signing a document which is the safest way to sign crucial documents without the fear of signee data getting leaked to the third person. eSigning a document not only saves cost & time but improves user convenience and addresses privacy concerns as well.

It is important for professionals to align towards the best solution to remain consistent and competitive in the market. LunarPen is a smart business-friendly document management solution that
empower organizations to accelerate their business processes, minimize cost, and maximize productivity.

Click Now to securely create delivers eSign and manage your documents with LunarPen.

Frequently Asked Questions

  What is an eSign document?

eSign document means an electronically signed document in PDF, Doc, Xls formats. Such documents are signed using an ePen, mouse, or finger movement on any smartphone, laptop & Tablet securely using an e signature app protected by 256-bit HTTPS advanced encryption.

  What is the purpose of esigning a document?

Its purpose is to authenticate and quickly identify the person who has initiated the written communication and ensure a secure exchange of information between different parties. The esignature made by an individual on the document signifies knowledge, approval, acceptance, or obligation.

  What are the benefits of an electronic signature?

These are the significant benefits of using electronic signature:

1) Save Costs: Save time in doing paperwork, printing, scanning, mailing, delivering, and storing the document
2) Save Time: Saves you from age-old rituals of paperwork. Going digital saves a lot of time, allowing you to focus on other essential tasks.
3) Legal Compliance: Electronic signatures are legally binded and acceptable all over the world.
4) Mobility: A significant advantage of eSignatures is helping businesses function irrespective of location & time.

  How can I eSign documents for free?

Follow these simple steps to eSign a document for free:

Step 1: Click LunarPen to open a free account
Step 2: Create or upload a document using templates, Google Drive & Dropbox
Step 3: Use the signed document sharing feature
Step 5: Send the document for signature
Step 6: Use the LunarPen interface to esign your documents for free
Step 7: Receive signed documents by email

Posted by Lunar Pen in eSignaure Law, 0 comments