Electronic signature and digital are often confused, although the differences in a professional environment is clear. An electronic signature is a digital signature that is stored in hardware, while the digital signature is a piece of software (certificate and password). You can find out about electronic signature in word via https://www.esigngenie.com/blog/create-signature-in-word/
It may be easier to understand if we say that the signing of electronic documents is based on, for example, digitizing or scanning the original signature of the user, or a photograph of this signature. In other words, an electronic signature is a group of data in electronic format, associated or combined with other data, can be used as a way to identify the signer.
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A digital signature on the other hand is digital mathematical scheme that adds more information to document enables the identification and authentication of the sender and the document data through an encrypted format key digital signature. Each modification is applied to cancel the document electronic signature and document loses any legal value.
Thus we can conclude that the electronic signature is a great concept and somewhat undefined from a technology standpoint, the generic meaning. A digital signature is simply a type of electronic signature.
The main advantage of electronic and digital signing are: the security of the process, because it states the identity of the signatory and the integrity of the document; confidentiality, as the content can only be accessed by the parties involved. How easy it is, because it is based on a public key and a private key The fact that it is automatically managed, which positively affect administrative and accounting departments to optimize their working time; cost savings, obtained by not using paper and ink, providing a more sustainable company image.
Finally, a significant reduction of the physical space required for paper documents as digital documents can be saved in PDF format.