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Overview
In order to avoid the time-consuming paper-based process of reviewing, approving,
and archiving paper-based insurance documentation, insurance companies have begun
automating workflow procedures. As a result, electronic documents are increasingly
used in multiple phases of the business process, from policy submission to inner-office
documentation. But all too often, when a signature is needed on a document, a hard
copy original is printed and physically routed for signatures. Reintroducing paper
into the workflow is expensive, time-consuming, inefficient, and affects business
agility.
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.
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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 $6.50 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 $260 per signer.
CoSign® digital signatures allow insurance organizations to leverage the investments
they've made in automating the workflow, driving down costs and expediting business
processes. CoSign's ability to expedite collaboration enables mobile sales personnel
and staff in multiple offices to quickly authorize documentation, enabling sales
processes that once took days to be completed in minutes.
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About CoSign® Digital Signatures
CoSign works seamlessly with all common document formats such as Microsoft® Word, Excel®,
Outlook®,
InfoPath®, Adobe® PDF, AutoCAD®, Bentley®
MicroStation, TIFF, and other document types.
CoSign is standards-based (based on Public Key Infrastructure – PKI), avoiding vendor
lock-in and allowing the document to be verified by anyone, anywhere, anytime without
the need for proprietary verification software or third party support.
CoSign is offered in two versions – CoSign Desktop is meant for individual users,
while CoSign Central is designed for a multiple-user organization. CoSign Central
is based on easy-to-use software that communicates with a centralized and secure
digital signature server. It is quick-to-deploy and ideal for mid to large sized
organizations, offering seamless integration with content management and workflow
systems. For smaller organizations (up to 10 signers), CoSign Desktop is offered
as a standalone solution that does not require any hardware component. Learn more
about the
differences between CoSign Central and CoSign Desktop.
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CoSign Digital Signature Features
Whether it is adding digital signatures with the click of a mouse or having the
ability to sign any document and turn it into a PDF, CoSign provides users with
a comprehensive and easy-to-use digital signing solution. CoSign's design ensures
that anyone can verify the signature and content integrity of a signed document
anywhere at anytime with a simple click, and it allows multiple signatures to be
placed on a document (one after another) while maintaining the documents integrity.
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Pricing
CoSign's prices are broken down by the two CoSign product offerings - CoSign Desktop
is intended for individual users or very small offices (up to 10 signers) and CoSign
Central is designed with additional features relevant for larger organizations.
CoSign Desktop is priced at $9.95/month, while CoSign Central's costs per user range
from $8/month to under $3/month depending on the number of signers.
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Legal Compliance
Specifically designed to protect document integrity, the CoSign digital signature
solution assists in compliance with numerous regulations including ESIGN, EU
directives and VAT law, HIPAA (and JCAHO), the FDA's 21 CFR Part 11, USDA, and the
Sarbanes-Oxley Act.
Continue reading about
CoSign's legal compliance.
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Customers
The CoSign digital signature solution counts some of the most successful organizations
throughout the world among its customers. With clientelle in industries including
the life sciences, engineering, healthcare, government, and technology, the CoSign
digital signature solution has a proven value in any vertical.
Read more about CoSign's
customers.
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