Ensuring compliant electronic business records:The 2nd in a series of new whitepapers from Silanis

Montreal, QC, January 4, 2006 —Silanis Technology, the industry's most experienced electronic signature provider with more than two million consumers and users in business and government, today released a new whitepaper through its online resource center. Entitled "Compliance for Electronic Documents and Signatures", the whitepaper provides an overview of the types of documents, processes and business activities that are affected by compliance requirements when substituting paper-based, document signing processes with an electronic equivalent.

"One of toughest challenges organizations face when moving their business to the web is identifying what laws, regulations and policies apply to them, and how to go about meeting compliance requirements," says Michael Laurie, co-founder and vice-president of Silanis Technology. "If they fail to comply, they run the risk that their electronic records and agreements will not stand up in a court of law should they be disputed by the various parties involved."

The overriding principal behind all compliance requirements, explains Laurie, is to have reliable and auditable, electronic evidence that proves what each party was agreeing to, approving or authenticating. This means organizations must enforce an electronic process that enables signers' to demonstrate their intent to be bound to a document's contents. Equally important, organizations must be able to reliably reproduce the process.

"The vast majority of legal disputes don't involve proving or disproving that a document was signed," adds Laurie. "They involve people's understanding of what was signed. It's therefore important for organizations to distinguish user authentication from signing intent when determining how they plan to meet compliance requirements for electronic documents and signatures."

In addition to providing an overview of the different laws, regulations and business policies that apply to electronic records, the whitepaper succinctly outlines the basic requirements for electronic signatures and documents.

All previously released whitepapers can be also accessed by visiting Silanis' electronic signature resource center located at:

http://www.silanis.com/resource-center or http://www.silanis.com/resource-center/white-papers.html

This topic will be addressed by Michael Laurie, co-founder of Silanis, in a web seminar, Thursday, January 26th, 2 - 3 pm EST (Canada & U.S.).

About Silanis

Founded in 1992, Silanis Technology Inc. is the largest and most experienced provider of electronic signature solutions. More than 1,100 government and commercial organizations, representing two million users, depend on Silanis' solutions to accelerate operations, improve service, and reduce costs. The company's solutions not only eliminate the inefficiencies of paper, they provide reliable and auditable business records needed to demonstrate compliance with applicable laws, standards, regulations and policies.

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Contact

Mary Ellen Power, Silanis Technology (514) 337-5255 ext. 1117, [email protected]