Your organization may already haveĀ a well-documented policy for creating electronic documents and managing digital transactions. But what happens when you receive an electronic document created and signed by parties outside your organization? What is your standard for accepting that digital document or relying on an electronic signature?

You’ll want to look to industry best practices if you haven’t already. It’s normally a better bet to have your own internal policy set before imposing one on third parties.

  • Design transaction profiles that reflect your organization’s own risk mitigation standards

  • Develop customized assessment tools to apply your criteria to incoming transactions

  • Provide policy communication tools to cultivate professional levels of trust and expectations with transaction partners and regulators

The end result should be that your organization has the tools necessary to readily recognize and evaluate any externally-generated electronic record for compliance with your standards, without having to run to Legal first.