Getting the contract signed is often the hardest part of the sales process. This is especially true when the signing parties are in different cities or countries. While Digital Signatures can provide some solutions, their complexity and cost continue to be issues in the marketplace. We still live in a paper-based world and a real ink signature is of value. So, how do we simplify the process of signing documents from a distance?
LongPen™ uses video conferencing and patented distance signing technology to bring businesses together with their clients. Individuals are able to see and speak to one other in a High-Definition video conference while one party signs on the LongPen Signing Tablet™. The signature will then be transmitted and written, in real ink, on a paper document at the other location. The entire process is videotaped by the system to ensure a secure signing session free from the threat of repudiation. Images of the document are transmitted to the signer both before and after signing.
Compare LongPen™ with Digital Signature Solutions: the exhaustive and complex list of considerations when deploying DSS explains their failure to penetrate the market, despite the implementation of the Electronic Signature in Global and National Commerce Act (E-SIGN Act, USA, 2001) in which digital signatures were declared legally binding. Issues to consider around DSS include Compliance and Business Requirements, Document Formats, Workflow, Authentication, PKI/Digital Certificates, Signing Methods, Distribution of Signed Materials, and Industry Standards.
The LongPen™ drastically simplifies this process, requiring the signer to merely sign their name. This signature is then transcribed by the LongPen™ robot, which is located with the signee. The accuracy? One hundred percent. With LongPen™, the user is able to sign using a standard, ink-based pen, on a standard document, from anywhere in the world.
This process greatly simplifies questions around usage, legality, and certification. Signers on the system do not need digital certificates or other electronic methods of identifying themselves - just their signature.
The World Is Simpler Than You Think™
A real-cost comparison:
According to a recent study completed by Claremont Graduate University on the Design and Implementation of a Digital Signature Solution, the cost of deploying DSS only becomes cost effective when a company has in excess of 10,000 users. Why so many?
Digital Signatures require the use of Digital Certificates. These certificates identify the users of the system, and validate their digital signature against their personal identity, thereby ensuring that the signature comes from a particular user. These certificates can either be purchased from an outside company, at an average price of $24.00 each (a huge number when considering the number of clients a company may have, thereby making them unfeasible for clients use), or a company may choose to purchase their own server and software, at an average price of $150,000.00. LongPen™ does not require any digital certificate for any users, thereby allowing the system to be effectively used for interaction between your company, and your clients.
The Choice Is Clear. Contact us to explore a LongPen™ solution for your business.