How Can Our QES Solution Benefit Your Business

As digitization continues to advance, more and more service providers are launching themselves into the remote world. This brings freedom of choice to the user, but also creates competition in the market. In addition, providers dealing with contracts and other legal commitments must adjust to compliance requirements.

 

Normally, users are more likely to choose applications and services that their friends and family already use. But it’s not recommendations that make them stick around. Ultimately, it all comes down to good access and intuitive design, things that, at first glance, have nothing to do with formal requirements and regulations. Balancing the two is a tough nut to crack.

 

Compliance is only one of our goals, as it is a crucial foundation to build on. But another relevant goal for us is to approach compliance with style, keeping it user-centric, user-friendly and future-proof. It’s an ambitious approach, but it benefits everyone involved, making remote services fully secure, efficient, and easy to use.

 

How does it translate into practice?

SignD as a technology provider is responsible for the identification and registration of the individuals. The verification process can be carried out from our web browser, or it can be integrated into the client’s own native app.

To ensure the highest possible conversion rate of legitimate applicants, but also to maximize counterfeit detection and fraud/ML protection, we apply a sophisticated logic that includes some onboarding risk factors and builds a multi-test system with a score that applicants must achieve before they can be issued with a qualified e-certificate.

Fast onboarding and identity verification.

SignD guarantees that the person signing a document is the person they say they are. But how do we do it? Although it may seem complex to the customer, it is not. The registration in which the user enters their data for us to verify in a smooth, friendly, and fast process. Let’s not forget that in SignD we strongly believe that customer experience is more than branding. Customers expect to be verified and accepted quickly, with fast and error-free onboarding, and they want to feel secure and have a verification process that is completed accurately and automatically. With our QES, that’s possible.

Signature with qualified electronic signature.

QES is the most secure form of electronic signature according to eIDAS and is recognized as legally binding in all EU member states, Norway, Liechtenstein, and Iceland. From our web app or from a native app, users can view and sign documents with QES in a matter of seconds. This brings a new level of convenience to all involved.  The customer can also define the validity time of the certificate. QES is a powerful tool for signing contracts with different service providers across the EU.

Streamlined signature cycles

From a business point of view, there are practical advantages to having a fully remote signature configuration. Documents are an integral part of business processes. However, providing these documents can be challenging, especially as more companies adopt flexible employment arrangements. Therefore, there is a growing need for online document management systems to store and sign documents electronically.  According to the Mordor Intelligence study, the document systems management market is expected to grow to approximately $ 10.17 billion by 2025.

Using an electronic signature can help increase productivity by reducing waiting times for document signatures. Some companies that do not yet have electronic signatures report that they must wait several days for a manager or customer to sign a document, which has a significant impact on productivity. This reduction has a significant impact on a company’s overall productivity in the long run.

More cost saving

Document management in document management software offers the opportunity to save a considerable amount of money. Printing and paper costs are reduced, while space and working hours are saved by archiving paper copies. In addition, there are significant savings in logistics, since electronic document signatures make it possible to dispense with courier services.

Simpler systems

Simpler systems often lead to faster action and more sustainable growth for an organization. For example, company employees can make life easier for others and themselves through automated steps in certain operational tasks, such as supervisors signing off on budgets or signing new employee contracts. Improvements in automation now allow reps to determine exactly which pages to sign on a document so that signers don’t skip any pages. This problem has long complicated the document signing process. There are many areas where electronic signature tools can help, and all departments of a company are positively affected by the implementation of an electronic document signature system: human resources, accounting, marketing, etc.

Safer data

It is a common misconception that signing documents remotely could pose a greater risk to data and privacy. But the point is that QES is the most secure form of signature available, and the only one that provides the legal effect of a handwritten signature. As mentioned above, we apply sophisticated logic that includes some onboarding risk factors and constructs a score that applicants must achieve to be issued a qualified electronic certificate to maximize forgery detection and fraud/ML protection. So, the idea that it is less safe is just taboo!