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| OverviewIn order to avoid the time-consuming paper-based process of reviewing, approving, and archiving paper-based insurance documentation, insurance companies have begun automating workflow procedures. As a result, electronic documents are increasingly used in multiple phases of the business process, from policy submission to inner-office documentation. But all too often, when a signature is needed on a document, a hard copy original is printed and physically routed for signatures. Reintroducing paper into the workflow is expensive, time-consuming, inefficient, and affects business agility.
Digital signature solutions produce legally enforceable electronic records, closing the gap in going fully paperless by completely eliminating the need to print documents for signing. Digital signatures enable the replacement of slow and expensive paper-based approval processes with fast, low-cost, and fully digital ones. |
| Business CaseBy enabling a fully automated workflow, digital signatures reduce the expenses and time allocations that paper-based signatures require. A paper-based signature is estimated to cost an organization upwards of $6.50 each (including printing, scanning, archiving, routing and replacing lost documents). An average authorized signer signs two documents a workday. With 20 workdays a month, the monthly paper signing costs can surpass $260 per signer.
CoSign® digital signatures allow insurance organizations to leverage the investments they've made in automating the workflow, driving down costs and expediting business processes. CoSign's ability to expedite collaboration enables mobile sales personnel and staff in multiple offices to quickly authorize documentation, enabling sales processes that once took days to be completed in minutes. |
| About CoSign®CoSign works seamlessly with all common document formats such as Microsoft® Word, Excel®, Outlook®, InfoPath®, Adobe® PDF, AutoCAD®, Bentley® MicroStation, TIFF, and other document types. CoSign is standards-based (based on Public Key Infrastructure – PKI), avoiding vendor lock-in and allowing the document to be verified by anyone, anywhere, anytime without the need for proprietary verification software or third party support.
CoSign is available in two product offerings, CoSign Central and CoSign Desktop. CoSign Central is based on easy-to-use software that communicates with a centralized and secure digital signature server. It is quick-to-deploy and ideal for mid to large sized organizations, offering seamless integration with content management and workflow systems. For smaller organizations (up to 10 signers), CoSign Desktop is offered as a standalone solution that does not require any hardware component. Learn more about the differences between CoSign Central and CoSign Desktop. |
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| CoSign FeaturesWhether it is adding digital signatures with the click of a mouse or having the ability to sign any document and turn it into a PDF, CoSign provides users with a comprehensive and easy-to-use digital signing solution. CoSign's design ensures that anyone can verify the signature and content integrity of a signed document anywhere at anytime with a simple click, and it allows multiple signatures to be placed on a document (one after another) while maintaining the documents integrity. |
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| PricingCoSign's prices are broken down by the two CoSign product offerings - CoSign Desktop is intended for individual users or very small offices (up to 10 signers) and CoSign Central is designed with additional features relevant for larger organizations. CoSign Desktop is priced at $9.95/month, while CoSign Central's costs per user range from $8/month to under $3/month depending on the number of signers. |
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| Legal ComplianceSpecifically designed to protect document integrity, the CoSign digital signature solution assists in compliance with numerous regulations including ESIGN, EU directives and VAT law, HIPAA (and JCAHO), the FDA's 21 CFR Part 11, USDA, and the Sarbanes-Oxley Act.
Continue reading about CoSign's legal compliance. |
| CustomersThe CoSign digital signature solution counts some of the most successful organizations throughout the world among its customers. With clientelle in industries including the life sciences, engineering, healthcare, government, and technology, the CoSign digital signature solution has a proven value in any vertical.
Read more about CoSign's customers. |
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