Hummingbird and eSignLive enter into Reseller Agreement
Hummingbird to resell Silanis electronic signature software in North America as an optional component with its enterprise content management solution
Montreal, QC, January 30 2006 — Silanis Technology Inc. today announced that its electronic signature software will be resold in North America as an option with Hummingbird Enterprise™, Hummingbird’s enterprise content management solution. With the addition of the company’s ApproveIt™ Desktop software, Hummingbird customers will be able to maintain an electronic process throughout the entire content management system, including processes that require signatures in compliance and legal documents.
“Customers turn to Hummingbird for three main reasons: to mitigate business and legal risks, to reduce costs, and to gain a competitive advantage by maximizing their data assets and employee productivity,” said Andrew Pery, chief marketing officer and senior vice president of Hummingbird Ltd. “By substituting paper-based, signature approval processes with Silanis’ electronic equivalent, our joint customers will receive added value.”
Silanis’ electronic signature platform bridges the gap between enterprise applications by enabling secure and auditable, end-to-end processes involving signatures to become 100% paperless. The company’s desktop solution integrates seamlessly with Hummingbird Enterprise™ to provide electronic signatures in a legally enforceable and compliant manner in all common native formats, including Microsoft Word™, Microsoft Excel™, Adobe PDF™ and IBM Workplace Forms.
By capturing signature approvals electronically, organizations will significantly decrease their cost of doing business. Paper, shipping, handling, data verification, scanning and data re-keying will be lowered, and in many instances eliminated entirely. Moreover, by removing the time delays caused by paper-based approval processes, organizations can dramatically improve their operational efficiency and revenues.
For example, the US Army, as part of its enterprise contract, expects to save $1.3 billion annually in paper-related costs using Silanis’ solution, while the efficiencies realized by deploying the company’s electronic signatures across GMACCM has enabled the commercial mortgage lender to reduce per-loan service costs by more than 50% and increase its loan portfolio by nearly 50% to $110 billion in the past five years without the need for additional staff.
Organizations can convert their existing, enterprise documents into electronic signature-enabled files with minimal effort. Further, as a plug-in for Microsoft Word, Microsoft Excel, Adobe PDF, and IBM Workplace Forms, signing icons are added to the tool bar of each application making it intuitive and easy for users to add their electronic signature, verify the authenticity of the data, and review the document’s audit trail. The software also supports hybrid signing processes; that is, both a print and electronic signing process at the same time. An electronically-signed document can be reverted to paper at any time in the process and shared with departments who have not yet rolled over to electronic signatures.
“We are extremely pleased to have entered into a partnership agreement with the industry’s leading content management solution provider,” said Richard Warren, chief executive officer of Silanis Technology. “By adding Silanis to the mix, Hummingbird’s customers will be able to unleash the full potential of their enterprise investment, while knowing that the electronic signature technology is also compatible with Silanis’ Web-based and XHTML solutions and can grow with their B2B and B2C needs.”
About Hummingbird Enterprise™
Hummingbird Enterprise provides an integrated platform for enterprise content management that provides global organizations with solutions to manage business interaction information such as documents, records, virtual deal room exchanges, discussions, e-mail or financial data - linking business processes, information and people. Hummingbird solutions are designed as modular applications that are fully interoperable with each other, enabling customers to incrementally build an enterprise content management solution to meet their evolving information needs in a cost effective manner.
Hummingbird Ltd. (NASDAQ: HUMC, TSX: HUM) is a leading global provider of enterprise software solutions. The Company's enterprise software solutions fall into two principal categories: enterprise content management (ECM) solutions, and network connectivity solutions. Hummingbird's ECM solutions enable organizations to manage the lifecycle of enterprise content from creation to disposition, thereby enabling organizations to address critical business needs, such as information management, business continuity, compliance and risk mitigation. The network connectivity solutions provide a comprehensive set of core network technologies that enables the enterprise to connect to any type of legacy system.
Founded in 1984, Hummingbird employs over 1,500 people and serves more than 33,000 customers, including 90% of Fortune 100. Hummingbird solutions are sold directly from 40 offices worldwide and through an Alliance Network of partners and resellers. For more information, visit http://www.hummingbird.com
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. For more information, visit http://www.silanis.com
Mary Ellen Power, Silanis Technology
(514) 337-5255 ext. 1117, [email protected]