eSignLive presents on Enforceable eContracts at BFMA's Annual Spring Forms Institute
Montreal, QC, March 15, 2006 — Silanis Technology, the industry’s most experienced electronic signature provider with more than two million government and commercial users, today announced that Michael Laurie, co-founder & VP of Strategic Planning, will present how to turn electronic forms into enforceable contracts at the BFMA’s annual Spring Forms Institute.
Contracts are used throughout businesses and government to reduce the risk involved in critical processes and transactions. Ensuring the enforceability of these contracts is an obvious concern especially when bringing processes online. The challenge for many organizations; however, is figuring out how to capture legally enforceable approvals with external parties in a secure, yet user user-friendly manner.
Commerce is built on agreements between parties, and contracts often provide the foundation for these agreements. Today, 60–80% of all business–to–business transactions are protected by formal trade agreements. Signatures and approvals are an essential part of a legally binding contract. Without electronic approvals, the contracting process can only be partially automated and will still be burdened by the inconvenience and cost of printing to paper whenever a signature is required.
“The most challenging signing processes to automate are those involving contracts with parties external to an organization” says Mr. Laurie. “There are unique compliance, usability, and technological requirements that must be considered for external, transactional processes versus internal, operational processes”. Requirements include automating the secure transmission, review and signing of documents, while all along, producing reliable and auditable business records that demonstrate compliance with applicable laws, regulations, standards and organizational policies.
Today, organizations are using electronic contracting today to reduce costs, improve vendor relationships, reduce risks and achieve greater efficiencies. This presentation will focus on real-world examples of how leading organizations such as General Services Administration (GSA) have overcome these challenges and are using electronic forms and signatures to automate the contracting process with vendors, citizens, customers, and employees.
The presentation is scheduled for 8:30AM on Wednesday, March 15th.
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. Customers include Stewart Title, GMAC Commercial Mortgage, Goodrich Engine Controls, BMW Financial Services, General Services Administration and enterprise licenses with the US Joint Chiefs of Staff and US Army. http://www.Silanis.com
Mary Ellen Power, Silanis Technology (514) 337-5255 ext. 1117, [email protected]