Many of us who are currently working from home due to Covid-19 would be more aware of the importance of going digital in our business processes as we must adhere to social distancing rules. However, some of you may not know how to navigate the intricacies of integration between systems.
We collaborated with GLT Law and UOB in this webinar to show how you can easily adopt a digital approach in managing your team and business processes.
Find more helpful Microsoft Teams tips and tricks with us before exploring digital and electronic signatures and its legal implications; and how you can manage your HR processes with your smartphones.
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MICROSOFT TEAMS TIPS AND TRICKS
DIGITAL AND ELECTRONIC SIGNATURES
Since the MCO commenced on 18 March 2020, many migrated to signing their documents digitally to demonstrate their authentication of the document, but you are not sure how do you do it digitally or electronically without worrying of its legal implications. There are two governing statutes, namely the Digital Signature Act 1997 and Electronic Commerce Act 2006.
Digital Signature:
A digital signature is a transformation of a message using an asymmetric cryptosystem such that a person having the initial message, i.e. the recipient and the signer’s public key can accurately determine whether the message was created using the private key that responds to the public key, and the message has not been altered since the transformation was made.Public key: the key of a key pair to verify a digital signature;
Importance of digital certificates:
How do you know when the requirement for a digital signature is fulfilled?
Electronic Signature
The most common way to use this signature is when you accept terms and conditions when creating a new account online. The Electronic Commerce Act 2006 recognises the legal effect, validity, and enforceability of any electronic contract supplied the fundamental law of contract has been observed when creating the contract (offer, acceptance, intention to create legal relation). Over the years, as technology is transforming, more advanced form of digital signature exists and with better security barriers.
What are the documents that cannot be electronically signed?
The requirements to fulfill the electronic signature:
How reliable is an electronic signature?
Comparison of Digital Signature vs Electronic Signature
Electronic signatures may be easier to understand as a digital version of your handwritten signature and it is used in all types of agreements, but digital signature gives a higher level of security as it has encryption to signatures and authenticity to signer’s identity, where highly regulated documents often use this.
Digital signatures embed something known as “Personal Key Infrastructure” (PKI) into the signing process as a way for identification of both parties requesting a signature and another who is providing it. PKI generates two keys, namely the Private Key and Public Key to identify the signer. This is when you and your signer must have a registered certificate from an issuing Certificate Authority to link the signer and their signature.
Which type of e-signature to choose from?
There is no wrong or right answer when it comes to choosing which kind of e-signature you prefer for your transactions, as it depends on the nature of your business and whether you prefer convenience or security in the signature you want.
If you prefer a hybrid of the two types of signature, you can contact online signature software companies such as HelloSign or Adobe Sign to see if they can provide you authentication, integrity, and transaction log, or a secure record system.
The benefit of using e-signature
QR code on the digital signature certificate must be available to scan and verify the signature’s authentication while the bar code is akin your handwritten signature, but in a digital version.
UOB SMART BUSINESS – HR EASILY
UOB Smart Business provides digital solution to SME owners with an interoperable business solution with end-to-end software such as Business Tools and Human Resource applications to manage your business with integration to your UOB bank account. It is expensive to hire companies to provide you HR automated processes from software companies, but UOB has collaborated with SAP Business One, Z Enterprise, and HR Easily to provide you SME owners a more cost-effective and comprehensive digital solution.
Smartphones can be used further than socialising with our loved ones, friends, and colleagues. It can be now integrated into your smartphone to manage your business’ HR matters, from payroll to claims, and leaves with the HR Easily app. Employees’ profiles can be uploaded to the system and can be viewed by employers to view the employee’s educational background, employment history, and even how they look like with their photo. Employees can also access to their pay slips and EA forms, submit leave applications, and claims directly on this app. For more information, kindly drop an email at jethro.wongsw@uob.com.my.
All these handy and integration-ready applications are always a plus point to your business digitalisation journey. From improving your team’s productivity to accelerating your business growth, check out these useful knowledge and features to achieve more with less.