How to Automate Electronic Transactions from Start to Finish and Mitigate Risk using E-Signature Process Management
Silanis Explains the Unique Orchestration Features of ApproveIt Web ServerMontreal, QC, September 3, 2009 - Silanis Technology, the leader in electronic signatures, today released a demo of ApproveIt Web Server, the company’s next-generation, e-signature process management solution. The demo illustrates how financial, insurance and government transactions can be automated over the web to achieve straight-through processing, while mitigating risk and providing unprecedented control and flexibility. “Bringing regulated transactions online without introducing new risks into the process isn’t easy,” said Tommy Petrogiannis, President and Co-Founder of Silanis Technology. “Business processes, documents and data vary according to the product or service, jurisdiction, channel and people involved - resulting in hundreds and even thousands of possible variations.” In each scenario, the appropriate documents and disclosures must be presented and specific actions have to be taken in the correct sequence. Exceptions often occur, such as the need to update or correct information in the middle of a live transaction. In a traditional paper-based transaction, the process is driven by an organization’s employees, representatives or partners – all of whom possess extensive knowledge about the required regulations, procedures and forms needed to sell or deliver products and services in a given jurisdiction. In the online world, the system must be capable of automating the process and supporting all possible variations and exceptions. “Yesterday’s e-signature solutions were not designed to handle this level of complexity,” added Petrogiannis. “As a next-generation, e-signature process management solution, ApproveIt Web Server goes beyond simple signature capture to simplify the process of automating and updating e-transactions in a manner that mitigates risk and enables organizations to rapidly respond to changing business, legal or regulatory requirements.” During the demonstration, organizations will discover how ApproveIt Web Server:
- Simplifies the process of preparing transactions for the web, including how business rules, variations and exceptions are handled.
- Controls e-transactions from start to finish to enforce business, legal and regulatory requirements and mitigate risk.
- Monitors e-transactions and enables organizations to make changes to documents, processes and information – even during a live transaction.
- Enables organizations to prepare process parameters once and then have each unique transaction dynamically built on-the-fly
- And more
About ApproveIt Web ServerApproveIt® Web Server is an enterprise-class E-Signature Process Management solution that transforms any paper-based process to an all-electronic, web-based e-transaction. The features and functionality reflect feedback from real-world deployments across insurance, financial services and government mission-critical applications. ApproveIt Web Server responds evolving market demands for a more comprehensive e-signature offering that addresses the complexity of compliance-driven business transactions. It was designed to provide maximum flexibility, scalability and auditabilty, leading to greater adoption, easier implementation, and decreased risk.
Silanis Technology is the leading provider of e-signature process management solutions. The world’s leading insurance and financial services companies, major government agencies, integrators and service providers depend on Silanis to accelerate business transactions and reduce costs while improving compliance with legal and regulatory requirements. The company’s electronic signature platform, ApproveIt®, is an enterprise-class e-signature process management solution that transforms paper-based business transactions to all-electronic, web-based processes for e-commerce and e-government.