What Happens If Your E-Signature Vendor Goes Bankrupt?
Until it isn’t. The Dow has, unfortunately, plummeted -17% over the past 90 days, and the U.S. lost its AAA debt rating from S&P. That IPO window can close as quickly as it has opened, and that mountain of venture capital can evaporate overnight into paying back VCs and debt holders. VCs that are so excited to lean forward in one bubble in an instant can become just as concerned about leaning back in the aftermath and cutting their losses.
We’ve all seen it before. The question is, if your vendor goes under, what happens to your contracts?
The answer can be, in some cases, that they disappear — at least the originals. In most cases, your original e-signed copies will be the actual records stored at your e-signature vendor. And even if you can export them, can you even use the data? Export your contracts in bulk? And in time … ?
Which brings us to the Power of Adobe. Adobe was founded in 1982, its technology is on virtually every PC and desktop — over 500 million, and its revenues exceed $4,000,000,000 annually, with a massive balance sheet. And combining electronic and digital signatures together, more than 98% of all documents digitally signed have been signed using Adobe.
The bottom line: web services come and go. Many of the so-called leaders of the last generation of web services are long gone. But contracts have a long, long lifetime. Trust them to the e-signature service you know will be around — EchoSign from Adobe. The Inventors of the 100% Web-Based Signature. The Inventors of the PDF.