August 26, 2011
Successful business executives are constantly observing and investigating market trends and business environment changes. The continuous introduction of new technologies requires a persistent process of weighing up advantages and disadvantages in upgrading an existing process or pushing a business forward as is. This everlasting universal challenge and reality calls for decisive governance by business managers, directors, and board members.
Whether their decision-making process follows a classic rational model (Paul C Nutt), a perception based, intuition decision-making style (Gary A. Klein), or a cooperative exploration of a relationship between the two (Edward De Bono), it is the IT acquisition strategy that is often considered to be the most powerful way for companies to meet their business needs and drive a strategically competitive advantage. The latter reflects a situation where businesses and organisations choose to create and work in a paperless environment, and sign their documents online.
While it is impossible to establish the particular-decision making process implemented by each purchaser of the user-based PKI digital signature (advanced electronic signature) cloud solution, the following criteria repeatedly emerges from customers’ testimonials:
- Streamlined business process
- Reduced costs – higher profits and income
- Improved business productivity and efficiency
- Highest level of security
- Compliance with legal regulations
- Satisfied customers
- Green environment
For these customers, the outcome of signing documents online with the Secured Signing service demonstrates a large degree of certainty that mirrors the results of their goals.
And as Michael Rawls once said: “The greatest accomplishment began as a decision once made.”
Till next time,
August 18, 2011
A trend describes “a general development or change in a situation or in the way that people are behaving”. (Cambridge Dictionary)
Technological trends are not solely related to the progression of advanced technology, but rather to user acceptance. Replacing paper with electronic forms and signing transactions is gradually becoming a common practice in businesses and organisations of all sizes. Managers, board members, and shareholders can clearly see the benefits of reduced operational and processing costs, improved efficiency, increased business visibility, and their positive effects on the environment.
However, it is two additional components that have contributed substantially to business implementation of the online signing trend:
- Worldwide acceptance and legal enforcement of electronic signatures
- High security level offered with PKI digital signature technology
A very recent publication by The Network of e-Government Leaders of Latin America and the Caribbean (RED GEALC) on 17 August reflects and emphasises these trends and the establishment of digital signature use.
Online document signing with a digital signature is not specific to one particular country or industry. Secured Signing’s compliant and highly secured, user-based, PKI digital signature solution is implemented daily around the globe by airlines, recruitment agencies, legal firms, accountants, finance and communication companies, government departments, real estate agents, retail businesses, and many more. The trend of shifting from paper signing to an electronic signature process that uses a trusted digital signature service is, in fact, a part of a greater life cycle that drives productivity, efficiency, and creates real business value.
“The genius of investing is recognising the direction of a trend – not catching highs and lows.” (anonymous)
Till next time,
August 11, 2011
In a volatile market situation, business managers, company executives, and directors are encountering uncertainty with the economy’s short-term future. While the emotional, cognitive, and behavioural memory is still fresh from 2008, a round of decision making is required in a considerably hard-to-predict, difficult-to-control business environment.
Nevertheless, as John F. Kennedy once said: “When written in Chinese, the word crisis is composed of two characters – one represents danger and the other represents opportunity.” Even though Chinese philologist Victor H. Mair argues that the meaning of the second half is closer to crucial point than to opportunity, both suggest favourable circumstances!
Companies and organisations who decide to take advantage of this wake up call, are actively reviewing their operational expenses and business procedures as part of their commercial market survival. A recent CIO survey done by PA Consulting Group / Harvey Nash (May, 2011) showed the main demand from over 2,500 CIOs and IT leaders is to save costs, increase operational efficiencies, and carry steady and constant IT performances. So, whether in time of a financial strife or business as usual, expectations are to look for low cost, reliable, and efficient proven results.
Signing documents with Secured Signing provides the best electronic signature answer! The secured and legally binding digital signature online service stops the scanning, printing, binding, and handling of paper, it cuts operational and processing costs, saves time, expedites processes, and frees up budget, staff, and other resources for the core business.
And, in the words of Dr. Andrew Grove: “Not all problems have a technological answer, but when they do, that is the more lasting solution.”
Till next time,
August 4, 2011
Audit trail is defined as “A chronological record that reconstructs and examines the sequence of activities surrounding or leading to a specific operation, procedure, or event in a security relevant transaction from inception to final result” National Information Assurance Glossary, CNSS, 2010.
In today’s business environment, the Internet and the Web are rapidly using electronic implementation to replace the paper business processes for audit trail that for generations were commonly used. This substantial change to a virtual environment carries significant advantages and some challenges to auditors, executives, and/or business owners. The main challenge lies in the shift from verifying paper statements and journals that hold records of account balances and past transactions to controls of automated actions that are instantly and automatically processed.
The Sarbanes-Oxley Act (SOX) that was passed in 2002 by the US congress answers just that. In a response to various cases of accounting report scandals in early 2000, the SOX Compliance offers an example for a regulatory standard of audit proceedings in the electronic setting. It aims to protect investors and shareholders from fraudulent processes by validating the accuracy and integrity of transactions that are automatically handled.
The digital signature online service supports these advances by offering the following audit trail particulars and benefits:
- Appropriate control and high level of security – deploying user-based PKI digital signature technology ensures that no one could fake or alter any documents or signatures without leaving evidence – any changes made will make the document and signatures invalid. The solution therefore safeguards integrity and provides for non repudiation and authorisation of information.
- Verified signing process history – maintains a precise detailed audit trail that captures the order of every single act ivity and time frame. The time stamp that appears with the signature provides the exact second the document was signed.
- Prompt audit trail display – as soon as the online signing process is completed, an email with audit trail record is automatically sent to all parties involved.
- Audit evidence is legally binding – several laws have been passed internationally to facilitate commerce with the use of electronic signature. Related detailed information can be found in Digital Signature – The Legal Electronic Stamp
While the paper audit trail has been transformed to an electronic counterpart, the base requirements have not changed: the ability of a service or company to provide a sufficient and true proof to support the content of an audit report whether for audit purposes or in case of a dispute. These features demonstrate and confirm Secured Signing’s credible and essential signing process; the audit trail guarantees the latter and provides confidence and assurance for company directors, shareholders, service users, and auditors.
Till next time,