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Annature Digital Signatures and Verified ID - The Secret To Customers And Profits
Digital Signatures and Verified ID - The Secret To Customers And Profits
When the pandemic arrived, the future came silently with it, hidden under the immeasurable threat to global economies.
@AnnatureAU
Amreeta Abbott, CEO,
Annature
Amreeta Abbott is an accomplished fintech entrepreneur, innovator and director who successfully developed and sold NowInfinity for $25 million to an ASX-listed company in 2021. She founded Annature, an ISO 27001 certified technology company that builds digital signature, identity verification and payment software used by Qantas and more than 1,500 medium and small businesses in the accounting and financial services and legal, real estate, healthcare, construction, and other industries.
This article is
B
usiness As Usual for Accounting Professionals
Despite the complete disruption caused by the pandemic, accountants worldwide continued to lodge documentation as required by global regulators who have already moved towards digital.
Here in Australia, the accounting sector was already embracing the future and at the forefront of the continued digital transformation of business.
The solution for many firms was greater and deeper digitisation. Survival mode. Remote work for staff, tax-related and business matter access for clients who no longer wanted or were allowed to turn up at offices to sign in person. Creating a surge in online lodgements, integrated tax returns, self-populating tax forms, client portals and the transformation of digital marketing in a digital world. Exploding the myth that baby boomers wouldn’t embrace digital change.
Digital signatures
The most visible, effective and vital sign of this is eSignatures. If you paste your signature or an image into a document, that is an electronic signature. It is valid if it identifies the person signing, their intention and if the person receiving it consents to the eSignature. But it is not accepted as legally binding or courtadmissible under the Electronic Transactions Act. A digital signature is something else entirely. It provides robust verification of identity and provides a cryptographic key and the standards of Public Key Infrastructure as a way to guarantee that the electronic signature is authentic. If the content of that message is changed, then the digital signature becomes invalid. It
is a mathematical code that conforms to the law to ensure the document to which it is attached cannot be changed after signing. Only a year or two ago, businesses that had access to eSignatures for their clients and internal use were considered at the leading edge. Now even that is no longer enough. “Digital Signatures As 2022 dawned, Annature led the pack as Australia’s premier are forcing as big a electronic signature provider with change to business a feature-rich platform built on a as the arrival of highly secure blockchain model. the internet.” Integrating with the leading document management solutions and working seamlessly with existing business tools, such as Xero as a Connected App Partner.
Global verification
But the eSigning platform of the future is more than eSigning - it has to be capable of identifying, signing and paying in one secure blockchain. In an Australian first, Annature is now integrating a global ID, payment, billing and invoicing verification powered by Stripe into that same workflow.
The process is lightning-fast, seamless and secure with proven AML and KYC functionality. Onboarding a customer and meeting regulatory ID obligations has never been more straightforward.
All backed by ISO 27001 certification to provide peace of mind for customers worldwide.
Annature uses blockchain technology to deliver a cryptographically verifiable database and audit trail for all digital signatures. This is a tamper-proof digital certificate for critical compliance information; the evidence is reliable and trustworthy at all times.
It sets up templates for solutions that are seamlessly usable in every unit or division and by any individual who needs to sign an internal or external document, contract, form, certificate, record, or record on your behalf.
Digitising allows business to be completed faster. Streamlined. White labelled with your branding and messages. Finding and tracking client documents and signatures in moments. Creating efficient back-office processes. Getting managers and staff up to speed with ease to deliver critical services.
Apart from the instant access, you don’t have to pay for paper storage in cabinets and warehouses, allied to the cost of filing or retrieving the inevitable percentage of misfiled documents. It is based on the premise that as technology became cheaper, multinationals weren’t reflecting that in their subscription models for Australian and New Zealand businesses.
Re-thinking the way you work with eSigning saves an average of 2.2 hours per contract. Apply that calculation to your business. Estimate how many hours your executives and staff spend drawing up, verifying and signing documents.
Turn those hours into seconds. The calculation will be impressive. The re-shaping has profound benefits; re-deploying staff to higher-value activity is known to improve the bottom line by 10%.
Keeping data safe
As a former accountant myself, I recognised the strategic imperative of one major Australian firm which approached us to integrate and provide scalability of their systems for Digital Signatures and ID verification and payment solutions. They identified one of the attractions as having data stored onshore for customers who had concerns over keeping data safe and maintained with integrity.
Earning points
It gives those customers peace of mind to pursue their ambitions
and seek global opportunities - with potential partners who have equally demanding security concerns. With another first, we even added a bonus for all our clients - the capacity to earn Qantas Business Reward Points with every envelope they send.
Digital mindset
Digital transformation isn’t just “Exploding the myth that baby a project; it needs a strategic philosophy. A change in corporate DNA. boomers wouldn’t embrace digital Customers now expect their change.” expectations to be met by fully resourced tools such as Digital Signatures and ID for payments. In a competitive marketplace, fulfilling that is the key. The technology now does the work that once required days of labour and staff numbers. You are free to “Multinationals do what you do best - share don’t reflect valuable insights cheaper with customers technology in and clients and, their Australian subscription mutually, catapult your objectives. models.” Because Digital Signatures and ID are forcing as significant a change to business as the arrival of the internet itself.
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