LuxTrust to provide electronic signature solution to PwC Luxembourg
Capellen, 13 November 2019 - LuxTrust S.A. is pleased to announce cornerstone agreement with PwC. At the beginning of November, PwC Luxembourg, the largest professional services firm in Luxembourg, announced its collaboration with LuxTrust in order to implement electronic signature for its audit reports.
PwC Luxembourg will leverage LuxTrust’s electronic signature solution, COSI, to digitize audit paper processes between all stakeholders (clients, auditors and regulators) and thereby reduce carbon footprint at the same time1.
COSI, the electronic signature platform developed in-house by LuxTrust, is an innovative platform that enables businesses to digitally manage internal and external document validation processes (such as signing validations, multi-party signing contracts and reports) requiring official electronic signatures with legal recognition and regulatory assurance. COSI handles, through configurable workflows, all levels of electronic signature, including the qualified one (the only one having legal equivalence to handwritten signature, as per eIDAS European regulation). It is even accessible on smartphones, allowing corporates to sign and deliver legally-binding documents in a matter of minutes.
Furthermore, COSI facilitates the access and usage of other LuxTrust qualified eIDAS trust services such as 12-year time-stamping, electronic seal, signature validation, Strong Customer Authentication, up to end-user remote identification and onboarding, which are equally beneficial for creating a trusted end-to-end digital journey and to ensure validity of e-signing processes.
“COSI brings simplicity and compliance in the most regulated sectors of the market. We are honoured to provide today PwC Luxembourg with an integrated solution to efficiently handle their important auditing challenges and to demonstrate their digital leadership. This success is an excellent example of how LuxTrust empowers businesses to experience new possibilities through digital transformation while strengthening the digital economy”, Pascal Rogiest, CEO of LuxTrust.
1The full press release is available here.