What is an Electronic Signature?

An electronic signature is a legally binding, electronic equivalent of the handwritten signature. It’s used to sign documents and indicate the signer’s consent & approval to the terms of an agreement.

Just as contracts have become largely digitized, so have signatures. Businesses today automate agreement approval processes using an online electronic signature solution.

Find the Right Electronic Signature Solution for Your Business

OTP-Based E-Signature

Allows users to sign documents electronically via OTP-based authentication. This simple eSign variant makes signing quick & easy for FMCG, retailers, buy-side contracting & internal processes.

Digital Signature

Sign documents online using private keys and crypto-secure algorithms. A Digital Signature Certificate or DSC is generated for document security & signer verification. Best suited for large enterprises & financial institutions.

Aadhaar eSignature

eSign documents remotely via an OTP sent to your Aadhaar-linked mobile number. Aadhaar-based electronic signatures are similar to but more secure than OTP signatures, & are used by most BFSI companies.

Video-based Signature

Electronic Signature vs. Digital Signature What Are the Differences?

Electronic Signature

Equivalent to a wet ink signature, affixed as a symbol of signer identity & consent

Its primary use case is document verification

Can be verified only if the audit document is available

Not regulated by a certifying authority, but falls under the IT Act, 2000

No document encryption software used

Digital Signature

Rendered as a digital fingerprint, encrypts the document for security & identifies the signer

Its key use case is document security

Can be verified with a Digital Signature Certificate (DSC) & audit trail

Governed by the Comptroller of Certifying Authority (CCA)

Documents secured using crypto algorithms

How Does Melento Electronic Signature Benefit Your Business?

Ensure authenticity with Signature Match, which uses AI/ML to verify signer identities by comparing uploaded signatures with reference images.

Enable seamless payment collection for eSign charges, ensuring documents remain unsigned until payments are verified and integrated effortlessly.

Regardless of where stakeholders are situated, they can access & sign documents instantly from multiple devices using electronic signature workflows. Users can also sign in groups for quick approval.

With eSign, there’s no going through hundreds of file cabinets to find the documents you need. You can track every agreement's eSign workflow status on a single dashboard & receive real-time updates for status changes.

Ensure smooth internal workflows by creating digital documents & inviting select users to sign using electronic signatures. Multiple stakeholders can review & sign simultaneously using secure online electronic signature software.

Executing documents using electronic signatures increases their security level multifold. Advanced encryption algorithms & data security protocols ensure confidential business data is always safe.

How to leverage Electronic Signatures for your Business

Melento’s (formerly SignDesk) electronic signatures have helped businesses scale up operations and automate documentation cycles to enable minimal process TAT & enhance efficiency.

Vendor
Agreements

Businesses rely on suppliers & managing the procurement process takes up a sizable portion of their time. To streamline operations, businesses can execute vendor agreements using electronic signatures. E-Signatures also lighten the administrative load & boost efficiency.

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Employee
Onboarding

The documentation for new hires, including employment contracts, compensation agreements & more, needs to be processed & stored securely. Electronic signatures are the best way to sign & manage these documents.

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Financial
Transactions

Electronic signatures offer a quick & secure way to execute financial transactions like loan applications, investment documents, credit documents, mortgage applications, and more. E-Signatures can also help banks scale up loan operations.

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Freelance
Contracts

Freelancers can sign contracts with clients from the comfort of their home/workspace using online electronic signature solutions. They can completely eliminate paperwork & in-person meetings using speedy eSign workflows.

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Non-Disclosure
Agreements

Signing NDAs can become more secure & efficient when electronic signatures are used. eSign offers a higher level of authentication to ensure the individual signing the NDA is who they claim to be.

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Property Transactions

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Experience hassle-free drafting with customizable templates & clause libraries

Melento’s electronic signatures have helped businesses scale up operations and automate documentation cycles to enable minimal process TAT & enhance efficiency.

Top-notch Data Security

We’re compliant with 14+ data & information security certifications, including GDPR, GLBA, CCPA, ISO, FERPA, HIPAA & more.

Assured Compliance

Our eSign solution is compliant with all applicable regulations & records an audit trail, so you can sign & get your customers to sign with zero apprehensions.

Scalable Workflows

Give your operations room to grow with options to invite multiple signers, sign in groups, upload & sign documents in bulk, and track everything online.

Industry-specific Customizations

From finance to hospitality, Melento’s electronic signatures have been configured to optimize efficiency in any sector.

Total Document Automation

Integrating with Melento means supercharging all your document workflows. Our eSign solution can digitize most of your team’s day-to-day work & optimize productivity.

Time & Cost Savings

We’ve got a proven record of helping our clients see a tangible impact on opex & process TAT using cutting-edge eSign technology.

Frequently Asked Questions

What is an electronic signature? –

An electronic signature is a legally valid method of signing documents. Simply put, it is an electronic version of a traditional wet-ink signature.

What is the difference between an electronic signature and a digital signature? +

An electronic signature is a broad term that refers to any electronic indicator or procedure used to sign a document. A digital signature is a specific type of electronic signature that uses encryption to demonstrate the validity & integrity of a signed document.

What is the process of the Melento electronic signature? +

Melento’s simple electronic signature process is as follows: Upload document -> Select electronic signature type -> Add stakeholders -> Send document for signing -> Sign document using OTP or private key

What document format does the Melento electronic signature support? +

Melento’s electronic signature solution supports documents in PDF format. You can convert any document format into PDF & get it signed on our platform.

Is an electronic signature legally valid in India? +

Yes, electronic signatures are valid in India under the Information Technology Act, 2000.

Is Melento's electronic signature secure? +

Melento electronic signature uses AES 256 encryption and is compliant with various international data security measures to offer the utmost security to users.

Experience Seamless Signing With Secure Electronic Signatures