{"id":846,"date":"2022-03-09T14:02:49","date_gmt":"2022-03-09T10:02:49","guid":{"rendered":"https:\/\/cs-einvoice.com\/?p=846"},"modified":"2022-04-25T20:06:28","modified_gmt":"2022-04-25T16:06:28","slug":"e-invoice-digital-signature","status":"publish","type":"post","link":"https:\/\/cs-einvoice.com\/en\/e-invoice-digital-signature\/","title":{"rendered":"E-invoice Digital Signature"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Egypt is using digital signature as a reliable new way of invoicing.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Digital signatures are legally binding and the Egyptian government has started to adopt it for tax purposes, in addition with other governmental entities doing so too. In Egypt, e-invoice which is more commonly known as \u201cElecrtonic Invoice\u201d or &#8220;eInvoice&#8221; ,is an invoice that can be digitally signed by both parties when one party sends out goods or services to another party. It&#8217;s important because it reflects all transactions between two firms\/individuals through internet technologies such as emails and online data exchanges, consequently reducing paper consumption .<\/span><\/p>\n<h2><span style=\"color: #333333;\"><b>What is the digital signature?<\/b><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The digital signature is an electronic authentication technique that provides security for online transactions. It is a process which binds a particular electronic document to a person or entity. The signatory uses public-private key encryption to generate the signature and then embed it into the e-invoices from their computer or mobile device.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Digital signatures can be used for different purposes such as:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\"> Adding legal validity to documents.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Securing online transactions with public and private entities.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Signing contracts online in order to prevent fraud and theft of data.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Validating e-invoices in order to reduce the time and cost of processing invoices.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">In addition, digital signatures allow you to:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\"> Reduce fraud by reducing manipulation of sensitive data such as credit card numbers and other personal information that may be present on paper documents such as invoices, contracts, etc., but not digitally signed. This is especially important because paper documents are much easier to manipulate than digitally<\/span><\/li>\n<\/ul>\n<h3><\/h3>\n<h3><span style=\"color: #333333;\"><b>How to use electronic signature in e-invoice?<\/b><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Adobe Acrobat Reader\u2019s built-in Electronic Signature feature is typically the most popular way to do e-invoice with an electronic signature\u00a0 electronically.. You use it to authorize the transaction or sign contractual agreements, for example.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The law requires all parties involved in a transaction to sign the invoice electronically.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">They must also keep records of the electronic signatures and the software they used for at least five years.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When e-invoicing with an electronic signature, Adobe Acrobat Reader&#8217;s built-in Electronic Signature feature is the most popular method., which also provides other options like encrypting data and digitally signing PDF documents in order to achieve higher levels of security when dealing with sensitive information such as invoices.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span style=\"color: #333333;\"><b>Is the digital signature safe to use?<\/b><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The digital signature is secure. The use of a public key infrastructure (PKI) ensures the data has not been tampered with during transmission due to its encrypted state and the signing algorithm digitally signs it, which marks it as authentic for any recipient that knows how to verify these signatures. It\u2019s also impossible to forge one without first acquiring your private keys from you or knowing what algorithms were used in creating them so they don&#8217;t match up when verifying them.<\/span><\/p>\n<p><a class=\"row-title\" href=\"https:\/\/cs-einvoice.com\/2021\/09\/28\/electronic-bill-in-egypt-definition-features-and-components\/\" aria-label=\"\u201cElectronic Bill in Egypt: Definition, Features, and Components\u201d (Edit)\">Electronic Bill in Egypt: Definition, Features, and Components<\/a><\/p>\n<p><span style=\"font-weight: 400;\">Once you\u2019re willing to start using e-invoicing, you need to consider the benefits it can bring along with the precautions that should be taken in order to make sure your business is not put at risk. It might be a good idea to consult a professional if you still have any questions about the matter.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span style=\"color: #333333;\"><b>The benefits of e-invoicing<\/b><\/span><\/h3>\n<p><span style=\"font-weight: 400;\"><strong><a href=\"https:\/\/invoicing.eta.gov.eg\/content\/\">E-invoicing<\/a><\/strong> is a safe and cost effective way of conducting business with your suppliers. It enables you to:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\"> Reduce your carbon footprint as paper invoices are no longer needed;<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Get paid faster thanks to a secure payment system;<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Have an instant access to all your invoices and accounting data;<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Get more control over what\u2019s being purchased by using real time information and detailed reports;<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Save money on postage and printing costs.<\/span><\/li>\n<\/ul>\n<h2><\/h2>\n<h3><span style=\"color: #333333;\"><b>The benefits of Digital Signature<\/b><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Digital Signature is a way of verifying the authenticity of an electronic document. A digital signature can be used to:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\"> Verify the identity of an individual;<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Verify that a document submitted is the same as a previously signed version;<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Verify the integrity of electronic documents by attaching a timestamp to them.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Verifying the identity of the person sending an email;<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Verifying the integrity of documents sent from one computer to another.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Authenticating software applications and system programs.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">What are you waiting for? It\u2019s time to start using e-invoicing and digital signatures in your business and enjoy all these benefits!<\/span><\/p>\n<p>&nbsp;<\/p>\n<h4><span style=\"color: #333333;\"><b>Conclusion<\/b><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">The digital signature is a unique code that identifies and verifies the identity of an individual or an organization. It is used to verify and sign documents electronically in a secure manner.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; It is a tool used to authenticate users electronically.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Egypt&#8217;s digital signatures are legally binding.ital signatures are legally binding in Egypt.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; They can be used in both online and offline communication.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt is using digital signature as a reliable new way  [&#8230;]<\/p>\n","protected":false},"author":13,"featured_media":1031,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"pgc_sgb_lightbox_settings":"","slim_seo":{"title":"E-invoice Digital Signature - CorporateStack E-Invoice","description":"Egypt is using digital signature as a reliable new way of invoicing. 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