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Readiness Checklist: How to Get Started with E‑Signatures Right Now

Dilani Silva, May 12, 2020
E-Signature Readiness Checklist

The lockdown and social distancing orders in place around the world have put unexpected pressure on financial institutions and other organizations to accelerate their digitization efforts. Suddenly, banks, mortgage lenders, credit unions, insurance carriers and others must find a way to digitize and offer their services remotely. The key is a secure, user-friendly, and enforceable electronic signature solution. Electronic signatures can help organizations continue to do business under these exceptional circumstances.

The biggest challenge is knowing where to begin. In this blog, we will cover the various implementation options as well as the top technical requirements to deploying electronic signatures in your organization.

Two E-Signature Implementation Options: User-initiated and Integrated

Determining how your organization will consume e-signatures is an important decision. E-Signature software is consumed broadly in two distinct ways: user-initiated or integrated.  

  • User-initiated: Users can send and sign documents via the web portal, mobile app, or a third-party connector. This option is typically ideal for lower volume, user-initiated e-signature processes (i.e.: sales contracts, HR forms, expense reports, purchase orders, etc.).
  • Integrated: If you’re looking to fully automate the e-signature process with your web application, business applications, core systems, and mobile apps, the integrated approach will fit your needs. In an integrated use case, there is no manual work for employees to prepare a document for e-signature – documents are system-generated and completely automated. This option is ideal for larger volume, system-initiated e-signature processes (i.e.: loan applications, account openings, insurance applications, etc.).

Both options provide operational efficiency, improve the customer experience, and reduce documents errors, but the two options also offer their own advantages. For example, a user-initiated process is much faster to deploy. The go-live timeline for a user-initiated process can be as short as a single day.

Alternatively, the integrated option removes any need for manual work preparing documents for signature. For example, an integrating e-signature process is beneficial to a financial institution that wants to enable prospective customers to complete account applications via its mobile app or banking website. Similarly, an insurance provider that needs to send pre-populated forms to its customers would also benefit from an integrated process. The integrated option will benefit organizations that processes thousands of forms that require e-signatures – significant cost savings will be realized by virtually eliminating all of the manual steps required to process a paper document.  

However, every organization has different needs, and different implementation options will benefit organizations differently. If you are unsure at this time, remember that organizations can transition from a user-initiated process into an integrated process at a later date.

E-Signature Readiness Guide

As your organization evaluates these two approaches, there are a number of criteria to consider. This e-signature Readiness Guide will help you carefully evaluate each e-signature implementation option, including any associated technical requirements. With this guide, you will be able to make an informed decision on how to get up and running with electronic signatures.  

OneSpan Sign Readiness Checklist

OneSpan Sign Readiness Checklist

Learn more on User-initiated vs. Integrated e-Signature Implementations

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Resources to Get Started

OneSpan offers numerous resources to help you get started with electronic signatures. Browse the resources below or contact us for more information about OneSpan Sign.

  • OneSpan Sign Support Center: Access our collection of how-to videos, step-by-step instructions, and FAQs to help you make the most of OneSpan Sign in our Support Center. The Support Center is an excellent way to learn and adopt new features of OneSpan Sign as they are released.
  • Live Weekly Training: The Customer Success Team at OneSpan hosts live training for OneSpan customers and their development teams to cover common issues when implementing OneSpan Sign. In addition, our team is available to an individual training session arranged with your team.
  • OneSpan Developer Blogs: Each week, OneSpan publishes a blog article written especially for developers to explain new features, provide implementation guidance, and other technical information.
  • Connectors: OneSpan supports pre-built e-signature connectors for many of the business apps organizations use everyday, including Pega, Guidewire, Laserfische, Finastra, and more.

Dilani Silva is a Product Marketing Manager at OneSpan. In her role, she manages and executes the go-to-market strategy, positioning, messaging and sales enablement for OneSpan’s e-signature solution, OneSpan Sign.