An
eSignature is a
digital form of an individual's handwritten
signature. It is the act of signing with a stylus, tablet or other e-
signature device in lieu of pen and paper. eSignatures are used for contracts, agreements, transactions and other
documents that require authentication at a Credit Union. eSignatures also enable a credit union to securely share electronic
documents with members and partners without printing them out first.
This blog post will introduce you to key features and 5 eSignature
software providers that offer credit unions and financial services providers robust features such as mobile
signatures,
document expiration dates,
document history and more!
Key Features to Look for in Electronic Signature Software for Credit Unions:
- Mobile signatures: Signatures can be captured in less than a second on the mobile device and automatically populated into any form that requires an electronic signature. This is perfect for credit unions who have mobile employees or branch locations!
- Document expiration date: A document will expire after a specified amount of time has passed, eliminating the need to print out documents every few weeks which wastes paper and money. A default setting would typically prevent users from signing expired documents unless they actively change it themselves first before clicking 'sign'.
- Document history: Users are able to go back through all records (including drafts) in chronological order with what was modified and by whom. They are able to create an audit trail of changes made and who is responsible for them.
- Electronic Signature workflows: Designed to streamline business processes across organizations in conjunction with other products such as Acrobat Pro DC or Creative Cloud CC products. This might be suited for credit unions who have multiple departments using different tools like eTapestry, but would still like to use one electronic signature solution.
Top Electronic Signature Software for Credit Unions:
- Lightico - eSignature software provider for credit unions which has an eSignature for documents and contracts, e-signing with a stylus or finger, document expiration dates, security features to protect against unauthorized access. Electronic signature app which offers features such as electronic signing of agreements without printing them out first. All document types can be stored in the cloud so they are securely shared between parties.
- DocuSign - As one of the fastest growing e-signature solution providers in North America, they offer a variety of features to make e-signing simpler. With tools like mobile signatures, document management, file encryption/decryption & more!
- Adobe Sign - This product from Adobe simplifies electronic signature processes through their simple UI that provides both personalization and customization abilities. Adobe Sign also has "workflows" which allow you to set up automated tasks to save time on repetitive tasks whilst still adhering to company protocols. Adobe Sign can also store digital documents with a signature box or multiple signature fields.
- HelloSign - eSignature software which integrates with other apps such as eTapestry. It is an e-signing solution that includes features like document expiration dates, signature capture using a stylus or finger on mobile devices.
- eZsign - eZsign is an e-signature provider that has been around since 2005. With their product, they offer a variety of features such as eSignatures and document history along with many others!
