Audit Trail

Audit Trail in Electronic Signing — What is it and why is it important?

When one signs a document electronically, it will create a digital audit log known as an “audit trail”. This is a detailed log that contains all the information associated with the signature process itself, and it is essential to ensure that the signing is reliable and safe.

Why is Audit Trail important?

One of the main advantages of an audit trail is that it provides unassailable documentation about who signed a document and when it happened. This is especially important in the case of legally binding documents, where it is important to be able to prove that the signature is authentic and that the document has not been altered in any way after the signature was put.

In addition, an audit trail can provide valuable insights into the signature process. It can uncover any errors or omissions in the process, such as if someone tried to sign with the wrong credentials, or if the document was changed after the signature was put. This can help improve the process and ensure that future signings go even more seamlessly.

How does an Audit Trail work?

An audit trail is usually set up in a way that allows one to track each individual action in the signature process. This can include when the document was uploaded for signing, when the invitation to sign was sent out, when the signing was completed, who signed and with what credentials, as well as any errors or omissions that occurred along the way.

How does DealBuilder contribute to a secure and reliable signature process?

DealBuilder has implemented an advanced audit trail feature in its electronic signature process so that all signatures conducted in the platform are fully traceable and reliable. This gives you as a user extra peace of mind in the signature process and gives you a detailed log that shows you exactly what happened along the way in the signature process.

Conclusion

An audit trail is an essential part of any electronic signature process and ensures that the signature is authentic and secure. It also provides valuable insights into the signature process and helps improve it for future signings. With DealBuilder's advanced audit trail feature, you can rest assured that the signature process is secure and reliable, and that you have a detailed log documenting the entire process.