BLOG | VIDA DIGITAL IDENTITY

5 Practical Tips for Managing Financial Documents with Digital Signatures

Written by VIDA | Jan 12, 2024 12:02:00 PM

Managing financial documents is a crucial aspect of running a business or managing personal finances. However, this process can often be time-consuming and energy-draining, especially when using conventional methods. Fortunately, with the advancement of technology, there are many platforms or services that provide practical and efficient solutions for managing financial documents. In this article, we will discuss five practical tips for managing financial documents, including using digital signatures to streamline the process of handling financial documents.

1. Organize Documents Regularly and Systematically

It's important to keep financial documents organized regularly for easy access when needed. Well-organized documents are easier to access, whether for sending to other parties, downloading, or editing. Additionally, give files clear names and create separate folders for different types of financial documents such as bills, contracts, and financial reports.

2. Choose the Right Digital Signature Platform

Digital signatures are widely used today because they can save time, costs, and make work more efficient. Choosing the right digital signature platform is the first important step in managing financial documents efficiently. One popular and reliable option is VIDA Sign. This platform offers features such as document templates and e-stamps. By choosing the right platform, users can ensure that their financial documents are secure and well-managed.

3. Use Customizable Document Templates

Creating customizable document templates will help save time in the filling and signing process. Digital signature platforms like VIDA Sign allow users to create and save document templates easily. Users can set up templates for various types of financial documents such as lease contracts, loan agreements, or claim application forms. Using prepared templates can reduce errors and speed up the document management process.

4. Use Digital Signatures with Strong Validation

Ensure that the digital signatures used have strong validity to prevent forgery or unauthorized document changes. VIDA Sign offers digital signatures that meet security standards and validation certified by the Ministry of Communication and Information Technology, so users do not need to worry that the documents have been digitally signed legally and validly. Additionally, the Audit Log feature provided by this platform allows users to track every activity that occurs on the document, including who signed it and the time of signing.

5. Provide Training to the Team

Finally, ensure that team members are skilled in managing financial documents. These skills include document management, filing, and using digital signature platforms. Provide training to team members on how to utilize document management software or platforms like VIDA Sign and how to set up and sign documents properly.

Conclusion

By following the above 5 tips and also utilizing digital signature features from platforms like VIDA Sign, it can certainly help manage financial documents more efficiently and securely. It is important to always prioritize data security and ensure to use reliable platforms that comply with regulations. Thus, it can improve productivity and focus on business growth without being burdened by complex administrative processes.