E-Sign for Digital "Paperless" Documentation
Posted on 17th September 2020 at 16:09
The precautions being put in place across the UK to decrease the spread of Coronavirus (COVID 19) recommends many people to work from home.
This has raised the question of how to execute documents in these circumstances and whether it is possible to legally execute documents by electronic signature?...the answer is yes, it is!
What is an electronic signature?
An electronic signature is an electronic form of data which can be used to execute electronic documents.
This type of signature is equally as valid as that of the wet-ink signature.
The use of "E-Sign" has become increasingly popular, particularly in relation to the Business, Finance, Legal sectors.
Here at Performance Finance, we primarily use the Adobe EchoSign system in line with our direct lending service.
We find that this is a preferred method for our clients and offers the following benefits:
Convenient - Allowing the document to be signed remotely and anywhere in the world, a particular preference for those currently working from home or isolating overseas.
Eco-Friendly - Paperless documentation.
Saves Time - This allows us to offer a faster turnaround time from the application to payment stages.
Saves Cost - Save on those printer costs!
Legally Recognised - Recognised – Offering the same level of legally bound finance agreements in the same way as wet signatures.
Privacy Concerns Addressed.
Simple Signature Verification.
Uniquely linked to the signatory.
Capable of identifying the signatory.
If the thought of a stack of paperwork and postage trips are a little overwhelming at the moment, our E-Sign service is an ideal and convenient solution.
Following a simple application process and digital documentation completion, this allows us to process agreements in a rapid and efficient manner.
Personal and business loans often have a turnaround of 24-48 hours, ensuring that those all-important funds arrive on time.
If you would like to find out more about our E-Sign service, please contact us
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