Electronic signatures have revolutionized how businesses handle document signing, but not all eSignatures are created equal. Understanding the different types of eSignatures and their security levels is crucial for choosing the right solution for your specific needs.
Simple Electronic Signatures (SES)
Simple Electronic Signatures are the most basic form of eSignatures, offering convenience and ease of use:
- Typed names or scanned signature images
- Basic authentication methods
- Suitable for informal agreements
- Lower security requirements
- Ideal for internal documents and non-critical agreements
Advanced Electronic Signatures (AES)
Advanced Electronic Signatures provide enhanced security and legal compliance:
- Unique digital certificates for signers
- Encryption-based security
- Tamper-evident document protection
- Higher level of authentication
- Suitable for most business contracts
- Compliance with major eSignature laws
Qualified Electronic Signatures (QES)
Qualified Electronic Signatures offer the highest level of security and legal recognition:
- Digital certificates from trusted certification authorities
- Legally equivalent to handwritten signatures in many jurisdictions
- Full compliance with eIDAS regulations
- Highest level of identity verification
- Ideal for highly regulated industries
- Required for certain international agreements
Choosing the Right Type
Selecting the appropriate eSignature type depends on several factors:
- Legal requirements of your industry
- Security needs of your documents
- Geographic scope of your agreements
- Compliance requirements
- Cost considerations
The MyeSign Solution
MyeSign currently provides:
- Simple Electronic Signatures (SES)
- Advanced Electronic Signatures (AES)
- Coming Spring 2025: Qualified Electronic Signatures (QES)
This comprehensive approach allows businesses to choose the right level of security for their needs while preparing for future international expansion.
Ready to implement the right eSignature solution for your business?
MyeSign offers flexible eSignature options to meet your security and compliance requirements.
Get started today or request a demo to explore our eSignature solutions.