With Apparound it is possible to choose to use various types of electronic signature that hold legal value and thus respond to different needs regarding the conclusion of sales contracts.
In a previous article we have already analyzed the different types of electronic signatures and it is important to remember how this service brings improvements in terms of productivity and customer experience because it is possible to close contracts faster, even remotely and without errors. In particular, the advanced electronic signature with OTP (One Time Password) authentication allows you to conclude contracts remotely, without having to print the contract and make an appointment with the potential customer. A significant advantage in terms of costs and time.
OTP, or “One Time Password”, is a temporary password uniquely associated with the contract and the customer, which is sent by SMS and used as an electronic signature to close the contract.
The biggest concern of those who have to sign (and have signed) contracts remotely with OTP authentication is the legal value that the signature has.
In fact, from a legal point of view, the FEA is a type of electronic signature that satisfies the following requirements:
As established by the law of 15 MARCH 1997 n. 59, Art. 15, Paragraph 2 “the deeds, data and documents formed by the Public Administration and private individuals with IT and telematic tools, the contracts stipulated in the same forms, as well as their filing and transmission with IT tools, are valid and relevant to all legal effects “. This means that if an FEA is then used to have a contract signed, we are faced with an electronic signature with the same legal effects as a handwritten signature.
Why is the OTP signature secure?
First of all, the code that is generated is unassailable because the OTP that is sent follows an algorithm that gives randomness to the creation of the number and its duration is very limited in time (generally the OTP code expires after 30 seconds).
To reinforce the provisions of the aforementioned law, the Digital Administration Code (Legislative Decree no. 82/2005) specifies that an electronic signature with an OTP code has legal value if the document is signed in compliance with the technical characteristics that guarantee the ‘identifiability of the author, the integrity and the impossibility of modifying the document itself.
The OTP code exploits the security of a two-factor authentication system (2FA which stands for Two Factor Authentication) and ensures the identity of the user who can then be identified in the event of disputes. The user will first have to enter a password, which is the first factor, to access their account (or click on a signature link received on their email, and this is also password protected), then they will have to type the (second factor) numeric code received via SMS on your mobile phone or appeared on a token or other physical device.
Let’s see in detail how, in four simple steps, the flow of signing a contract occurs when this occurs remotely.
If the contract does not close at the first meeting, you can then avoid further travel and use the advanced electronic signature via OTP to close the contract.
Contact us and find out how easy and fast it is to increase salesperson productivity and reach sales goals with Apparound.