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Electronic Signature vs. Traditional Signature

Traditional Signature

  • You create a contract in MS Word (or a comparable program) and email it for evaluation and approval.
  • The reviewer or approver responds by email (approval or rejection decision).
  • The contract owner sends a contract to the external party for signature.
  • An external party receives the draft via email, then 1) prints it, 2) signs it, 3) scans it, and 4) emails it.
  • All four steps are also completed by the internal party.
So, the traditional signature approach takes a lot of time and resources to complete the contract process.

Electronic Signature (with GCon)

  • The contract owner drafts the contract with the editor.
  • The contract owner assigns the draft to the approver or reviewer.
  • Approver/Reviewer reviews and approves the contract through the system, which notifies the contract owner.
  • Both signer get notified for signing the document, they log in and sign the contract.
  • Signed docs sent to all parties.
So, the electronic signature approach takes only a few clicks to complete the contract process.