Electronic signatures (e-signatures) are the new normal in recent years, which is great news for everyone involved. Now, e-signatures are considered just as reliable as traditional, wet signatures, and rightly so. Because they use computer algorithms to authenticate signatories and assure the integrity of signed documents, some forms of e-signatures are considered legally binding and HIPAA-compliant.
What Is an E-Signature API?
Most modern Americans have electronically signed at least a few documents, but not all of them are familiar with using an e-signature API. Short for application programming interface, an API is a subscription-based web service that allows companies to request signatures and download completed documents securely online.
The Benefits of E-Signature API Use
The advantages of e-signatures, more generally, are rarely in question. Anyone who has ever tried this alternative to the in-person signing of documents knows the process is much easier and quicker. It’s also more secure and less harmful to the environment.
For most companies, the question isn’t whether to implement e-signature solutions. It’s what technology to use to accomplish that goal. Read on to find out about the benefits of e-signature APIs to find out why they may be the best option.
Minimal Coding Required
APIs are fully programmable, but all of the primary functionality has already been coded into them. This fact makes it easy for developers to embed e-signature functionality into a company’s applications using simple programming languages. Developers can boost the usefulness of just about any type of document-handling software by integrating an e-signature API.
Easy Document Management
E-signature APIs don’t just make it easier to collect legally binding digital signatures. They also simplify the entire document-handling process. Subscribers can have access to status updates, be prompted with reminders when signatures are due, and take advantage of all kinds of powerful features.
Compliance with Industry Regulations
High-quality e-signature APIs will be compliant with even the strictest industry regulations, including HIPAA. Not all will pass the healthcare industry’s strict regulatory requirements, though. Those that do provide not just end-to-end encryption and other advanced security features to protect data both in transit and at rest. They also provide regulation-compliant audit trails.
Cost Effectiveness
The small cost of integrating e-signatures into a company’s software applications pales in comparison to the savings associated with implementing effective e-signature solutions. Businesses won’t just save on printing and document storage costs. They’ll also benefit from streamlined workflows and improved efficiency. In addition, reputable companies typically offer different packages of API access, including discounts for customers that process greater amounts of signatures.
Customer Satisfaction
Customer satisfaction tops just about every organization’s priorities list. These days, consumers expect maximum convenience in all areas of their lives, including document signing. With a well-designed e-signature API, businesses can provide a smooth signing experience. This improves customer satisfaction while simultaneously making employees’ lives easier.
It’s Time to Make the Switch
For businesses that have yet to embrace e-signature solutions, the time has come to make a change. Other organizations across the world have already adopted this safe, convenient, and efficient alternative to collecting wet signatures. In addition, consumers have come to expect it as an option. All it takes to make the switch is finding a reputable partner that can provide regulation-compliant e-signature APIs and detailed instructions on how to integrate them into a company’s current software systems.
