Digital signature solutions enable the creation of compliant and legally enforceable electronic records, eliminating an organization's need to print documentation for signature authorizations. This reality allows organizations to enjoy the benefits of a truly automated workflow, which includes the replacement of slow and expensive paper-based approval processes with fast, low-cost, and fully digital ones.
CoSign Central stores the signing key (Private Key) in a centralized and secure hardware device (The CoSign FIPS version is FIPS-140-2 Level 3 certified), ensuring that any tampering attempt with the secured CoSign appliance will be detectable. The strong key security combined with a high level of user identification (supported by standard operating procedures for identification throughout the employee recruitment process) enables CoSign to comply with the most stringent federal, state, and government regulatory requirements including ESIGN, UETA, the Government Paperwork Elimination Act, the Digital Signature And Electronic Authentication Law, and SOX.
In recent years, most countries worldwide have adopted legislation and regulations that recognize the legality of a digital signature (standard electronic signatures) and deem it a binding signature. In addition to governments, many industries have established regulations that define digital signatures as a replacement for handwritten signatures.