What are Digital Signatures?

What are Digital Signatures?

Written By
Joy Cunanan
Updated on
April 6, 2022
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Defining Digital Signatures

What are Digital Signatures?

A digital signature is used to verify the authenticity and lack of any tampering with the document by acting as a virtual fingerprint. Because they are challenging to forge and frequently contain a time stamp, digital signatures are regarded as legally enforceable.

Advantages of Digital Signatures

  • Instant - No matter where the parties involved are situated, contracts can be readily prepared, finished, and signed by all of them.
  • Affordable - There is no need to spend money on resources like supplies, people, transportation, or location because the entire transaction is paperless.
  • Binding - Legally binding documents include those that have both a digital signature and a timestamp.
  • Secure - Due to the algorithm used to safeguard the document, which ensures that it cannot be altered and that all signatures are genuine, authenticity is guaranteed.
  • Traceable - It simplifies internal record-keeping by storing documents digitally.

With recent technological advancements and an increased focus on data privacy and security, there should no longer be any hesitation in using e-signatures to make your operations more efficient. Lexagle offers unlimited use of digital signatures, among many other features to manage your entire contract lifecycle. Book a demo today to learn more.

Joy Cunanan
Joy is the Digital Transformation Manager at Lexagle. As a marketing professional in the Tech and B2B industry for over seven years, she is always on the lookout for the next best solution in the ever-changing online world. With a passion for helping businesses thrive and optimize operations, she shares her expertise in the power of contract lifecycle management and its capacity of easing the contracting process for busy organizations worldwide.
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