Digital Signature application in the emergents Digitized Industries
Banking, Healthcare, Insurance, PA, and Education towards Digitization
When we refer to emerging digitised industries, we take into account all those traditional Industries that in the past years, especially the last one affected by Covid-19 had to rethink the whole business activity towards a digital perspective. This transition involved innovation and the adoption of digital solutions to manage and automate business processes.
Whether it is to sign a prescription, a job contract, a bank loan, a university exam grade, municipal administrative, bureaucratic forms, or life insurance policies, the signing process of the various sectors is a constant procedure of daily tasks. Choosing to implement digital signature into a company is a strategic choice to optimise and streamline the long and expensive traditional signature processes. It is also a decisive and operational method essential to carry out these procedures remotely with no need for the customer to go in-branch physically.
…But how can industries benefit from digital signature for their businesses?
The use of qualified digital signature has become essential for financial institutions. This process allows their customers to sign documents remotely, guaranteeing the security of the transaction and protecting the user’s data, all with the highest legal validity.
According to Forrester, due to the implementation of Digital Signature technology, banks can reduce 1,3 hours per transaction by eliminating inefficiencies in document preparation, review, tracking, and archiving. This improvement translates into a better customer experience and performance boost.
Due to the pandemic’s necessities, the healthcare system had to speed up its digitalisation process. Among others, by adopting digital signatures, patients can quickly and easily sign the required documentation from anywhere and any device, avoiding queues in waiting rooms.
Under the current situation facing the healthcare industry, digital signature comes into its own. As vaccination points struggle with long queues and waiting times, remote digital signature offers a solution that streamlines the process. Patients can start the bureaucratic procedure from home, signing the paperwork with robust authentications methods to secure the process and their data.
Every day insurance companies, brokers or clients have to deal with the compilation of documents and forms that require waiting times and physical presence to ensure the validity of those documents. This industry has the most significant number of forms to sign due to long policies with strict rules and regulations.
Insurance companies have optimised and streamlined their procedures through InsurTech solutions to digitalise traditional processes. The Digital signature is undoubtedly a fundamental tool for the automation and optimisation of resources.
Until a few years ago, traditional procedures required long forms to be signed by both involved parties, consuming large quantities of paper and time. Nowadays, it is possible to sign a contract remotely with a digital signature that carries the same legal validity of a handwritten signature. This brings an added value to the insurance sector, boosting business performance, increasing revenue, showing an eco-friendly image and improving the customer experience.
Digital transformation has also arrived at the Public Administrations and governments. Political and legal framework conditions in EU and internationally pave the way to end-to-end digital administrative processes without paper.
With digital solutions, PAs are starting to dematerialise paper files, optimise storage space, expedite administrative procedures reducing time and costs. The new digital process meets the citizens‘ needs and expectations to access public administrative services from home.
In e-governments’ electronic documents and their exchange are the core of any process. Qualified Digital Signatures enables safe and legally binding transactions.
The education sector, schools, universities this year in particular, more than any other sector have adopted digital solutions to be able to continue teaching activities remotely, among these the digital signature stands out, useful for signing school documents for renewal of academic years, tuition fees, erasmus forms, validation of an online exam, in general all the material to be sent to the administration department.
There are many documents to sign between teachers and students, especially this year featured by e-learning and online lessons, the digital signature represent the ideal solution to sign bureaucratic school documents from home and in a short time, with the same legal value of the handwriting signature and strong protection of sensitive data. In this way the ordinary administration procedures are streamlined, automated, digitized with the aim to achieve a better administrative performance, optimization of resources and greater interactivity with students.
Why choosing Euronovate Digital Signature solutions?
At Euronovate we provide a comprehensive range of digital signature solutions to streamline internal and external business practices. Our solutions are certified signature tablets legally compliant with the eIDAS regulation which guarantees acceptance and validity throughout Europe. Our solutions are secure as they fully guarantee sensitive data protection and allow to verify if there is a match between the signatory user and the real person identity, they are customizable with specific customer’s requests and easily integrable to existing corporate infrastructures, and lastly they are totally free of paper use as they have been designed and developed with a Paperless process.
Euronovate solutions allow to sign documents remotely from anywhere and anytime and from any digital devices, to streamline workflows management when multiple signatures are required, to automate the signing of multiple documents.
If you want to know more about our digital signature solutions and their technical features, contact us to arrange a demo or to ask for more information. Connect with us on Linkedin, Facebook and Twitter.