By Legal Futures Associate VirtualSignature [1]
With an ever-increasing demand for remote document signing and customer onboarding processes that can speed up completions and reduce the risk of identity fraud, the use of Electronic Signatures has become the norm for many law firms. However, the frequent updates to legal guidelines coupled with the availability of an extensive range of products on the market, have created confusion about where, how and when the various types of eSignature can be used.
Responding to a request from one of its clients, VirtualSignature.com [2] compiled a simple table (see below) highlighting typical applications of the three main eSignature standards, which can be used as a guide to buyers looking for the most suitable product.
There may be a requirement within a law firm to use different standards for different areas of its business eg. QES for executing property deeds registered with HMLR, and Simple for the signing of basic contracts. The VirtualSignature platform provides the whole range of eSignature options, which can be introduced into document workflows and tailor made for each department within a firm, offering significant cost savings.
It is also worth noting that VirtualSignature’s tools can be integrated easily into existing document management systems, such as Visualfiles, iManage, Proclaim and MS Dynamics.
If you would like to know more about how VirtualSignature can help, not just with eSignatures, but workflow automation [3] and ID verification [4], please get in touch with the team on 0333 335 5176. We also offer a free trial [5] evaluation and you can follow us on Twitter [6] and Linkedin [7] for company news and updates.