You have likely heard these terms used interchangeably. In reality, they are very different, and the fact that both terms use the word “signature” has caused no end of confusion.
An electronic signature is a legal concept for using an electronic symbol to represent a person's volitional consent to be bound to the terms of a document. What you must achieve with any business process that requires an enforceable document, is to obtain a legally-valid electronic signature for that document using the proper processes. This is what our esignature platform is designed to do (and has done since 1998).
A digital signature is a technical security concept for a data integrity process using cryptographic data hashing and encryption. Simply applying a digital signature process to the data of a document will generally not result in an enforceable electronic signature. Digital signatures are a very important security tool and our platform uses digital signature technology in its electronic signature processes.
The digital signature solution deployed by FosterCare.Team is not one of our own creation, but rather we've leveraged one of the most awarded, proven, and trusted digital signature platforms, customized the pricing model, and integrated it into our system.
Our eSignature platform provides the most flexible and extensible electronic signature and document process workflow structure available on the market. From the simplistic to the most complex workflows, our transaction processing features and optional steps allow you to create the absolute optimal signing experience to meet your many use cases.
Employees added to your FosterCare.Team agency are automatically given eSignature accounts. There is no need to manually create and remove user accounts. Access to the eSignature platform is controlled from within FosterCare.Team through SSO (Single Sign On). Once you are logged into FosterCare.Team, it's just a simple click to access the eSignature tool. (The eSignature solution can also be used without subscribing to our collaboration platform.)
Branding on all pages and email verbiage presented by the solution allows full customization including colors and images. You may also control language by entering specific text to be presented in a chosen language. This includes the ability to present the information in a different language per signer or reviewer. You have complete control.
Data collection pages can be easily created and fully customized to collect specific information from the signer or reviewer. You can have one or multiple data collection pages per document, with specific information required from different signers or reviewers. The solution will ensure all required fields are entered from a particular participant before proceeding to document signing. These data collection pages may be auto-generated by the system and allow full customer control of field names, field comments, general instructions to the filler, grouping of data, and default values.
What good is an electronic or digital signature if it's not enforceable and legally binding? Our eSignature platform is fully compliant with North American, European, and various Asia Pacific laws and regulations. It is also compliant with standards and regulations for some of the most highly regulated industries in the country, including insurance, financial services, banking, healthcare, and more.
Investing in a solution to automate your electronic signature and document processes is very critical. There are very few solutions that have been available since electronic signatures became legally enforceable and even fewer that offer platform-level capabilities. Many online esignature services have entered the market in recent years via venture capital funding. While noisy in the market, most are not be profitable and should be considered higher risk options. Our digital signature platform has completed over 600 million legally-binding signatures since inception. They've been there and invented that.
One of the challenges child welfare agencies face is they have many employees who need to collect signatures but they typically don't have a high volume of transactions per user. While the rest of the esignature market continues to take the approach of high per-user charges, FosterCare.Team recognizes that doesn't work for most child welfare agencies.
We took a different approach. Our prices are based on the number of transactions, not the number of users. A transaction is a combination of documents and participants that are being processed in a workflow. So if six documents need to be signed by four people, that can be a single transaction if everything is included in the same workflow.
For less than the cost of postage and return postage, for less than the cost of mileage reimbursement and certainly more efficient than both of those options, FosterCare.Team's esignature solution can efficiently collect legally-binding signatures and provide a detailed audit trail and evidence package of the entire collection process.
Please contact us for more information about our digital signature solution and other efficiency gaining collaboration products.