Paperclip Inc. Launches Electronic Signature Solution Focused on Security and Simplicity

Rhea-AI Summary

Paperclip, Inc. (OTCMKTS:PCPJ) announced its innovative e-signature solution, eM4 Proof of Agreement, on March 14, 2023. This product aims to offer businesses a simpler and more secure alternative to existing e-sign solutions. The global e-signature market is projected to grow from over $5 billion in 2022 to more than $25 billion by 2026. eM4 POA supports 18 file formats and enhances security through multi-factor authentication. It integrates seamlessly with Paperclip's Virtual Client Folder, allowing users efficient document management. The solution is designed for cost-effectiveness and user-friendliness, addressing key user pain points in e-signing.

Positive

• eM4 POA supports 18 different file formats, which is more than any other solution available.
• The solution enhances security through multi-factor authentication and encryption technology.
• Cost-effective alternative to existing e-signature solutions, aligning with market demand.

Negative

• None.

eM4 Proof of Agreement offers e-sign alternative with improved functionality and ease of use over leading brands

HACKENSACK, N.J., March 14, 2023 (GLOBE NEWSWIRE) -- Paperclip, Inc. (OTCMKTS:PCPJ) has created an e-signature solution that is simpler and more secure than what most companies use today. Paperclip’s eM4 Proof of Agreement (POA) gives companies a better alternative to e-sign solutions that have become difficult to configure and manage.

“People are recognizing more and more pain points with their e-signing solutions,” said Mike Bridges, President and COO of Paperclip Inc. “We knew there was a need for a simpler e-signing solution with easier setup for companies. eM4 POA makes e-signature and agreements simple, fast and secure—all at a lower cost than leading solutions.”

The global e-signature market is growing rapidly and expected to grow from more than $5 billion in 2022 to more than $25 billion by 2026, according to recent research. Most companies adopt e-signature solutions to save time and meet customer demand, but it can also help meet security compliance requirements, limit errors, reduce missing files, and lower costs.

Better Functionality

eM4 POA requires no document setup or signature templates and supports 18 different file formats plus email alone—more than any other solution on the market today. That means users can sign different types of photos, PDFs, word documents—even voice and video files—without restrictions. Users can take any electronic content and have it agreed to quickly and easily.

Paperclip has also improved the process of e-sign document attestation, creating a footer on each page of a document allowing the document to be introduced back into the workflow while preserving the integrity of the e-signed event.

Improved Security

Paperclip built eM4 POA to be as secure as possible without bogging down the e-sign process. To do so, Paperclip leverages wallet security for multi-factor authentication. Upon sign-in, the user provides a custom wallet security item that both them and the signee know, quickly confirming their identity and preventing fraudulent activity. With this authentication process, eM4 POA is substantially more secure than leading solutions on the market today.

eM4 POA “Click and Close” model adds another layer of security and protects documents with Paperclip’s own encryption technology. Users can securely store the e-sign documents for a year with an option to extend storage time.

The solution also seamlessly integrates with Paperclip’s Virtual Client Folder (VCF) solution, a cloud-based enterprise content management service (ECM) that allows users to capture, store and retrieve documents anytime, from anywhere. Customers already using VCF can request e-signatures for any file stored in VCF and have them returned to VCF upon completion.

“Our customers told us what they needed, and we listened,” Bridges said. “These capabilities go above and beyond the competition and are exactly what customers need to support and grow their business.”

About Paperclip, Inc.
Paperclip is a software technology partner solely focused on providing enterprises with the most efficient means of secure document capture, processing, and storage of millions of documents for rapidly growing firms and Fortune 1,000 companies worldwide. Paperclip does so via leading-edge solutions that keep information digital throughout its life cycle.

Paperclip offers an expansive range of cloud based B2B and B2C solutions that eliminate paper to deliver new possibilities in efficiency, communication, and ROI, each customized to specific industry and business goals. For more information, visit paperclip.com.

MEDIA CONTACT:
Megan Brandow
Paperclip, Inc.
MBrandow@paperclip.com
585.727.0983

FAQ

What is the eM4 Proof of Agreement launched by Paperclip?

The eM4 Proof of Agreement is an innovative e-signature solution that simplifies the e-signing process while enhancing security.

When was the eM4 Proof of Agreement announced by Paperclip?

The eM4 Proof of Agreement was announced on March 14, 2023.

How does eM4 POA improve upon existing e-signature solutions?

eM4 POA offers better functionality with support for 18 file formats and enhanced security features, making it simpler and more secure.

What is the expected market growth for e-signature solutions?

The e-signature market is expected to grow from over $5 billion in 2022 to more than $25 billion by 2026.

What are the security measures in place for eM4 POA?

eM4 POA utilizes multi-factor authentication and encryption technology to ensure secure e-signature transactions.