September 17, 2024
Technology is increasingly embedded in everyday business, helping organizations optimize processes and ensure the highest levels of security. One such advanced solution is CorpoSign—a platform for implementing digital signatures and automating business processes. Circle K, one of the largest petrol station chains in Lithuania, has adopted this solution to enhance operational efficiency and streamline document management.
Enhanced Security with the New Solution
The CorpoSign platform offers comprehensive automation of document-signing processes through the integration of blockchain technology. It ensures high-level security and enables rapid, efficient document handling. Aleksandr Pečul, Head of Processes and Operations at Circle K Lietuva, emphasizes that the solution not only shortens document processing times but also enhances document security, traceability, and optimal management of administrative processes within petrol stations.
“When managing large volumes of documents, it is essential to ensure that each signature is reliable and secure. The CorpoSign system, based on blockchain technology, simplifies and accelerates this process. We no longer need to worry about printing, administering, or physically storing (archiving) documents—everything is stored digitally, ensuring accessibility and data integrity,” A. Pečul explains.
“The CorpoSign solution is not just secure; it's a more convenient alternative to qualified electronic signatures,” says R. Bedulskis, Head of Systems Integration Solutions. “It’s more cost-effective and user-friendly than paper-based or qualified signatures.”
Estimates suggest that switching to blockchain technology can help companies significantly reduce costs compared to traditional paper signatures, which are expensive and time-consuming to manage and store. Additionally, these digital signatures are more convenient, eliminating the complexities typically associated with qualified signatures.
“A blockchain-based solution is an excellent choice for companies aiming to reduce costs and increase operational efficiency without compromising security or data authenticity,” concludes Bedulskis.
Innovation Already Implemented in Lithuania
Lithuanian digital technology company System Integration Solutions is behind the deployment and development of CorpoSign, a next-generation digital signature solution built on blockchain technology. The platform has been approved by the State Tax Inspectorate (STI) for signing certain types of documents, further validating its applicability.
Circle K Lietuva is the first company to fully implement the solution and is already realizing both financial and practical benefits.
According to Aleksandr Pečul, the solution ensures high reliability standards and allows documents to be signed using a company-issued certificate, linking a natural person to a legal entity—thus avoiding the need for personal signatures.
Additional Benefits and LEAN Methodology Integration
While CorpoSign primarily facilitates digital signatures, Circle K Lietuva is also utilizing the platform as part of its widely applied LEAN methodology. LEAN thinking and principles drive the company to continuously optimize and improve processes, and integrating CorpoSign has become a natural extension of this strategy.
“LEAN principles and the tools we use encourage us to seek more efficient ways to manage daily processes. CorpoSign is the perfect tool for this strategy. Its use has reduced document processing time and minimized the risk of errors. The time we’ve saved on signing, printing, and archiving documents is now being invested in our core business—serving customers and improving operational quality. By digitizing document management and signing, Circle K Lietuva expects to save an average of 2.3 tonnes of paper per year,” A. Pečul shares.
Looking ahead, Circle K Lietuva plans to further expand CorpoSign's use to cover more internal and external documents. “We see significant potential in this platform and plan to broaden its application. Our goal is not only to optimize internal processes but also to enhance collaboration and improve our customers’ experience,” adds A. Pečul.
