Electronic signature: Yousign's solution to streamline bureaucracy
Source: HW Upgrade added 18th Jan 2021
The French startup Yousign lands in Italy with its platform for electronic signature of documents, aimed at dematerializing processes and simplifying bureaucracy. The company aims to digitize 15 millions of documents by 2023
by Alberto Falchi published on 18 January 2021 , at 16: 16 in Innovation channel
Yousign startup
Yousign is a startup born in France in 2013 which counts today 100 employees and 5. 000 customers and creates a platform for the digital signature of documents. The platform is accessible via app or integrated into more structured workflows through APIs, and simplifies the digital signature process of documents, an issue that with the spread of remote work is becoming increasingly important: ReportLinker estimates that this sector was worth 3 billions of euros in 2020 and could come to be worth 14 over 6 years . Yousign is now also available in Italy and aims to grow rapidly throughout Europe: the goal is to digitize 15 millions of documents by 2023 .
Why electronic signature is important
The electronic signature is not yet widespread in Italy, but the situation is destined to change quickly. On the one hand, more and more companies have understood the importance of digitizing and dematerializing documents, on the other hand the work is moving towards new forms of collaboration, accelerated by the pandemic that has given a shock and made people understand the advantages of smart working . With the fact that the office is no longer the center of the business, nor will it probably return once the emergency is over, it becomes important to have processes to authenticate documents in a streamlined and effective way, going beyond the autographed signature that accompanies us from a life, optimizing processes in this way.
According to Yousign estimates, digitally signing a document costs less than 50% compared to the autographed paper signature .
There is no shortage of electronic signature systems on the Italian market, but Yousign’s approach focuses on simplicity: to date the available Digital Signature solutions are rather complicated, and require you to rely on to physical tools, such as Smart Card readers or USB sticks, which certainly did not help their adoption. Yousign’s approach is much more immediate : upload the PDFs to the platform, select the approval flow and – again through the platform – the documents are sent to the signatory. All he has to do is click on the link received and “sign” it, authenticating it through an OTP (One Time Password) received via e-mail.
Security is guaranteed by a certified signature process thanks to multi-factor authentication (contact info, OTP code, identity verification ), guaranteed integrity (a signed document is sealed and cryptographically protected) and a time-stamped proof file (proof file generated and archived automatically).
“In Italy the advantages of the electronic signature are still little known, but the possibility of having documents signed completely online with a tool that ensures the legal validity of the signature becomes crucial for the digitization of the country “- explains Fabian Stanciu, Yousign Country Manager Italy – “ Yousign is a cloud solution designed specifically for the European market, which issues its own electronic signature certificates in compliance with the eIDAS regulation, holds the status of certification authority (Certification Authority) and is part of the exclusive list of Trusted Service Providers (TSP) drawn up by the EU. We aim to digitize and dematerialize all so-called “routine” documentation: quotes, orders, contracts, policies and insurance pre-contracts, brokerage mandates, hiring proposals, real estate sales mandates, rental contracts, privacy policies, letters of appointment and much other. The solution is fle ssible and adapts to many areas, from insurance to real estate, from human resources to banking, up to the activity of SMEs, startups, freelancers and freelancers. We have the mission to facilitate, in this way, the connection between companies, their customers, employees and partners, facilitating the growth and efficiency of the business “.