CoSign Digital Signatures

Strict regulations, such as the FDA's 21 CFR part 11, require organizations in the life sciences industry to guarantee the authenticity, integrity and confidentiality of electronic records. In addition, these organizations require a highly collaborative ecosystem, demanding optimal communication and workflow processes in order to compete and succeed. The time-consuming and labor-intensive characteristics associated with paper-based processes simply do not allow these organizations to maintain the competitive edge they need to remain compliant and be successful.

Digital signature solutions produce legally enforceable electronic records, closing the gap in going fully paperless by completely eliminating the need to print documents for signing. Digital signatures enable the replacement of slow and expensive paper-based approval processes with fast, low-cost, and fully digital ones.

Business Case
By enabling a fully automated workflow, digital signatures reduce the expenses and time allocations that paper-based signatures require. A paper-based signature is estimated to cost an organization upwards of $5.40 each (including printing, scanning, archiving, routing and replacing lost documents). An average authorized signer signs two documents a workday. With 20 workdays a month, the monthly paper signing costs can surpass $100 per signer.