Weekly News Roundup - 12.13.14

Melanie Attia, December 13, 2014

The hustle and bustle of the holidays is upon us all, and the electronic signature industry remains busy despite the focus on end-of-the-year celebrations. With this weeks news, we have advice for transitioning to electronic records management, analysis on complying with pharmaceutical track and trace guidelines and new mobile licensing functionality coming out of the Massachusetts Department of Fish and Game. So without further preamble, let's dig into this week's news items. Banks face hurdles, but significant potential in transitioning to electronic records A recent Lexology report explained that there are banks out there in every phase of the transition to electronic records management. Some are excited about the prospect and have embraced the migration, while others are struggling to deal with the potential pitfalls and find themselves in denial that the move to e-records is inevitable. However, most banks have realized that transitioning to e-records is inevitable, and it may be time to start moving in that direction. Organizations making a transition to e-records have a lot to think about. A few tips offered by the news source include understanding where e-signature solutions make sense as a e-record management enabler and when paper records are more suitable, making sure that quality control is maintained in every phase of records management and take a close look at retention policies. Track and trace not just about regulatory compliance A Supply Demand Chain Executive report explained that electronic signatures, a move toward serialization and similar trends are making it easier for pharmaceutical companies to manage every phase of the supply chain. The news source explained that these sophisticated functions are becoming critical as they enable organizations to comply with strict regulatory guidelines. However, they are also extremely important because they can enable operational efficiency gains, improve risk management by protecting the company's brand identity and provide a clear competitive edge in the sector. Massachusetts embracing mobile e-signatures Processing hunting, fishing and similar outdoor-activity licenses can be a complex and time-consuming process. According to a recent report from Cape Cod Today, the Massachusetts Department of Fish and Game has taken measures that could save license applicants huge amounts of time. Through a new mobile app, the department can enable residents to apply for licenses, process the transaction and display completed licenses using their smartphone or tablet. This eliminates the need for physical licenses and streamlines the entire application process for all parties. Check back with us again next week for another quick look at major events in the e-signature sector.