Solution promotes e-contracts between businesses

At the launching ceremony (Source: VNA)

The solution allows enterprises to digitise contract signing — the most important aspect of their trade activities — as well as widely applying e-documents. These could help firms better deploy the advantages of digital technology in their management.

The ERP Store which was developed by iDEA allows companies to implement e-contract signing. Accordingly, they only need the tax code and USB token containing a digital signature to implement the signing. Each firm will have four accounts with different roles including drafter, approver, stamper, and director.

Dang Hoang Hai, iDEA Director, said previously many businesses used office software. Digitalisation is not new for many firms. However, forging digital connections between companies has been difficult, especially when it comes to signing contracts and documents.

Meanwhile, enterprises have been using paper documents, costing time and money as well as creating security issues. The ERP solution would help firms quickly connect with each other and sign contracts while ensuring security as all information is encoded.

Legally, the regulations for electronic signatures are now complete. Specifically, the Government promulgated the Law on Electronic Transactions on November 29, 2005; Decree No 26/2007 / ND-CP of February 15, 2007, detailing the implementation of the Electronic Transaction Law on digital signatures and digital signature certification services.

In addition, e-contract signing was also confirmed by the master plan on development of the national e-commerce in 2016-20 period dated on August 8, 2016. The regulations ensure firm legality for e-contracts.

Notably, businesses will enjoy the services free of charge for their first two years using the programme.