ESRA Benefits Every Vertical Using Electronic Records and Signatures
From purchasing a vehicle, to licensing and insuring it, ESRA and its’ members have been providing influence and guidance to both users and regulators of electronic signatures and documents. Federal and State standards are being impacted by ESRA’s active role in Electronic Titling and ownership transfer.
Banking and financial services has been an important part of the evolution of electronic signatures and documents, from education and adoption to best practices and legislation. ESRA has been there to support this evolution with public policy documents, best-practice statements and advocacy among all stakeholders. ESRA has led the way for wide-spread adoption of digital transaction management in banking and all aspects of financial services. ESRA continues this leadership as electronic signature and document management evolves into next-generation technologies like Smart Contracts, Blockchain and eNotary.
Healthcare was an early adopter of electronic signatures and document storage. From integration to EMR/EHR systems to completing, consent, HIPAA, registration and pharmacy orders, ESRA members have experience with legal requirements, implementation options and ongoing regulatory requirements and subsequent changes. ESRA will continue to educate and support the adoption of future technologies in healthcare such as Blockchain and other emerging technologies.
The Insurance market was an early adopter of electronic signature in all forms – hardware, on-premise and cloud-based. ESRA and its’ insurance members have always been active in education, legislation creation and public policy advocacy. Today, ESRA continues to support the insurance market with ongoing policy creation in all disciplines – P&C, Life, Health, Re-insurance and Commercial.
Since inception, ESRA has helped lead the way in education and adoption of electronic signatures in the Mortgage/closing market. Ensuring signature compliance and acceptance to the closing process and e-document storage and retrieval, ESRA has been an integral part fo supporting the market. Recent trends supported include Smart Contracts, Blockchain technology and eNotary.
Pharma is one of the most closely regulated markets and that applies to electronic signature and document management. Federal requirements for digital transaction management, such as 21 CFR Part 11, impose very specific guidelines for electronic signature and digital document integrity. ESRA members can help organizations wade through the requirements and offer guidance and also help influence future legislation and guidelines.
The largest of overall deployment of electronic signatures and document storage is Public sector – Local, State and Federal. ESRA has led the education and adoption of digital transaction management in public sector for over 12 years. ESRA has influenced legislation at all levels and been an important advocate for the widespread adoption of digital transactions. Most recently, Smart Contracts and Blockchain are important areas of education and consultation for ESRA.
Electronic signatures and digital document storage has had an incredible impact on businesses large and small. From the casual user signing personal documents to the large enterprise signing thousands of documents each day, business workflow has dramatically improved. Electronic signatures are ubiquitously adopted by all businesses and universally accepted by users and document owners. Over the years, ESRA has played a key role in educating all markets on the importance, legality, adoption and evolution of electronic signatures, digital transaction management and digital document storage. ESRA continues to educate and lead future policy and legislation for all business users.