Keys to taking advantage of the benefits of electronic signatures in international business relations

The electronic signature is a strategic asset that has reached organizations with no expiration date, in a transversal way, being installed in all departments and business areas, as well as through an international implementation that knows no borders.

According to the study “Reinventing the European company” by Accenture, between 60% and 70% of the new value created in the economy will be based on digital platforms.

Thus, the European Union has established the so-called “digital compass” in the 2030 Objectives to follow in the race for digitization with the US and China powers that remain so raised:

• 3 out of 4 companies, i.e. around 75%, use cloud computing services, big data and artificial intelligence.
• More than 90% of SMEs should reach at least a basic level of digital intensity.
• Public administrations should also be digitized.

This will make European companies greener, more digital and resilient to unpredictable catastrophes. Through this strategy, supported by funds from the European Recovery Plan “Next Generation”, the increased competitiveness of Spanish companies in national and international markets will become a reality.

Electronic signature and digital transformation of international business

Currently, the presence of electronic signatures in organizations is seen as another strategic business asset. Digitalization and sustainability will be the catalysts of future innovation and those who become pioneers in this double transformation will be 2.5 times more likely to become tomorrow’s leaders.

This is why e-signatures have become a business priority, as they have enormous potential in the organization, transversality and workflows of international business relations:

• Broadening horizons and improving mobility: physical barriers and office boundaries have been surpassed thanks to the digital evolution of international trade. Now, thanks to electronic signatures, it is possible to conclude and sign agreements from any place, time and device, which facilitates the international expansion of companies.
• Validity of international contracts and transactions: thanks to the advantages offered by some types of electronic signature, such as the qualified electronic signature, the legal guarantees of signed contracts and documents will always be assured.
• Evidentiary force: the signing of documents through secure signature systems recognized by eIDAS regulations offers electronic evidence that makes the signature defensible in case of litigation.
• Integrity: there is certainty that the document has not been modified or altered once it has been signed by all participants, regardless of where and when it was signed.

It is clear that the electronic signature is a viable option beyond our borders and has become the key to strengthen business with foreign trade, providing a solution to the logistical problems arising from the physical distance and the pandemic. At Ivnosys we are experts in electronic signature, recognized as a Qualified Trusted Electronic Services Provider. Contact us and relaunch your international relations with maximum security and legal guarantees.