Manual documents distribution makes it difficult to monitor all signing progress in real-time.
Physical documents are prone to be counterfeited due to no tracking ability or detailed document audit trails.
The documents can be easily overlooked, causing delays on the financial documents signing process.
Easy to track all financial documents progress
Send documents automatically to various parties. Access and track all progress anytime and anywhere in real-time.
Any changes are tracked and recorded with audit trails feature since it has the ability to notify any slight changes on the document.
Automated due date reminder to make sure all documents are signed by all related parties on time before the deadline.
Frequently Asked Questions (FAQ)
Are electronic signatures recognizable as legal evidence?
Electronic signatures are recognized as legal evidence in Indonesia. This is stated in UU No. 11 of 2008 (UU ITE). The legality of digital signatures is also based on the legal basis regulated in PP no. 71 of 2019.
Electronic signatures can shorten time and reduce administrative costs
Electronic signatures are legally binding and safe to use
Electronic signatures can increase business operational efficiency
Why electronic signature?
Compared to conventional signatures, electronic signatures certainly has several benefits. Some of them are:
What is the function of a debt settlement agreement?
Explains the parties involved to avoid any evasion
The debt’s nominal is clear so that the paid amount is appropriate
A clear timeframe so that the parties know when this agreement begins and ends
Describes the payment method
Reduces the risk of conflict related to the description of rights, obligations, and penalties
What is fintech?
Fintech, according to the OJK, is an innovation in the financial services industry that utilizes the use of technology. As a result, consumers can use aspects of the financial services more easily and quickly. Starting from payments, fund transfers, loans, fundraising, asset management, and many other functions.
Fintech is an industry that requires a lot of documents. Whether for registration, operations, and so on. Taking care of them manually one by one can certainly takes up your time and energy. You can take advantage of Mekari Sign’s document automation service for free to save operaional time.
What is a payment gateway?
Payment gateway is a technology that allows sellers and buyers of a business to make quick transactions via the internet anytime and anywhere. This technology has the ability to authorize many payment methods directly. Starting from bank transfers, credit cards, e-wallets, or other payment methods.
How do payment gateways work?
Consumers make transactions at online stores or e-commerce, then they can choose a payment method with the payment gateway
After the consumer makes a payment, the system will forward the information to the relevant party. For example, a consumer chooses bank transfer A, then the system will deliver it to bank A
Next, the system forwards the transaction information to the card owner that the consumer uses, such as Visa, Mastercard, or other cards
Then, the card owner will approve the transaction and the system will forward the information to the seller
Finally, the system will send transaction approval information to the bank. Then, the funds will be transferred directly from the buyer’s account to the seller’s account
What are some document types that needs to use a seal?
In Pasal 3 Ayat 2 in Government Regulation No. 86 of 2021, a list of documents that need to use a stamp duty are:
Memorandum of Understanding (MoU), letters of recommendation, statement letters
Notary deed and grosse (original copy of the original deed)
Deed of PPAT and its copy – Confidential documents in any name or form
Securities transaction documents in any name or form, including future contract transactions
Bidding documents, including quotations, minutes, copies and grosse
Documents stating an amount of money that is greater than 5 million rupiah, which mentions the receipt of money or contains the receipt of payment or settlement of debt in whole or in part
Other documents as referred to the UU Bea Meterai (Stamp Duty Law)
What is commercial paper?
Commercial paper is a money market instrument that is issued by non-bank corporations with a maximum tenor of 12 months and registered at Bank Indonesia. This letter can be an alternative source of short-term funding for non-bank companies. In Indonesia, commercial paper is also known as Surat Berharga Komersil (SBK).
What is the legal basis for commercial paper?
SBK issue and transaction regulations are contained in Bank Indonesia Regulation No. 19/9/PBI/2017 regarding Commercial Paper Issue and Transactions in the Money Market. BI’s authority is also in line with Pasal 70 of UU No. 8 of 1995 concerning Capital Markets.
What is the minimum limit of transaction to use a 10,000 stamp duty?
According to the policy contained in UU No. 10 of 2020 concerning Stamp Duty; a 10,000 stamp duty will be imposed on documents declaring an amount of money with a nominal value of more than IDR 5,000,000.00 which:
Mention a receipt of money; or
Contains an acknowledgment that the debt has been fully or partially paid or calculated
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