FundSERV Selects eSignLive™ by eSignLive to Create End-to-End Paperless Processing with E-Signatures for the Canadian Fund Industry
Partnership will help dealers and fund companies deliver an improved customer experience while meeting industry compliance requirements (MONTREAL and TORONTO) – May 21, 2015 – FundSERV, a leading provider of electronic business services for the Canadian investment fund industry, and e-SignLive™ by Silanis, the leading e-signature solution nearing 1 billion documents processed, today announced a partnership that integrates e-SignLive into FundSERV’s eDOCS solution for end-to-end digital processing of all investment fund related documents required in the investment fund process. FundSERV caters primarily to the Canadian investment fund industry and facilitates electronic settlement and transaction forwarding for buys, sells and transfer of funds for the Canadian market place. On an annual basis, FundSERV’s network receives over 35 million investment fund transactions and settlements in excess of $100 billion. Through FundSERV’s new eDOCS service, fund manufacturers, distributors and intermediaries including wealth management companies and financial advisors, will have the ability to on-board new clients electronically and, using e-SignLive, have customers electronically sign the account opening and trade related documents. The solution is fully configurable and incorporates both dealer and fund company applications and system integration. FundSERV eDOCS enables users to manage and store documents in a digital environment supporting a firm’s business process workflows. eDOCS leverages FundSERV’s existing infrastructure and robust security protocols to deliver the investment industry’s only true end-to-end Software as a Service (SaaS) electronic document management solution. Key benefits of this joint solution:
- Reduces not-in-good-order documentation: Customized edits on both the dealer and fund company forms via the eDOCS solution reduces the risk of human errors and facilitates the compliance process;
- Saves operational costs for fund manufacturers, distributors and intermediaries: Organizations and advisors will send less mail and fewer faxes, reducing the need for manual data entry and quality control while also reducing scanning and indexing volumes;
- Reduces administrative burden for advisors: Enables easy preparation, sharing of information and follow up with a customer. No more missing signatures or incomplete forms with forms management;
- Provides digital forms and applications: The audit trail is embedded into the document for easy storage, especially for the recipient, be it a mutual fund or advisor, plus the solution is easily integrated with other systems for straight through processing of documents.
-30-For media inquiries: Sarah Milner e-SignLive™ by Silanis 250-216-1762 [email protected]