Tips for the B-BBEE sector…
Electronic Signatures for B-BBEE Verification
The current systems used by verification agencies have a lot of room for improvement and adaptation with a bit of digital transformation.
Paper-based systems have many risks for all parties involved during the verification process.
Due to the multitude of documents moving between parties, which require strict protocol and processes.
Accuracy, speed, and verifiability are crucial.
With electronic signatures and electronic forms, these protocols and processes can be shared, reviewed, approved, and securely signed.
Electronic methods make for more cost-effective and time-efficient processes – and electronic signatures are also accepted under South African law.
Electronic signatures and forms are also fully traceable in a workflow process. They are tamper-proof with the use of cryptographic digital signatures that offer validity of the signer and ensure that the document is unchanged from the time of signing.
Electronic signatures have also been used in the banking sector for decades. This is proof of the traceability, accountability, and auditability of documents used with electronic signatures and/or forms. The legal weight, data integrity, and individually signed approval, together with the easy-to-access workflow process evidence and cryptographic digital signatures – make these solutions ideal for use in the B-BBEE verification processes.
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