Point solutions are a great place to start, but eventually the need for straight-through processing will be felt everywhere.
Montreal, QC (PRWEB) November 27, 2007
Silanis Technology Inc., as a founding member of the Electronic Signatures and Records Association (ESRA), commends the active participation of a full house of legal experts, Fortune 500 companies and e-signature providers at the new association's first conference, the company said today.
With case studies by Stewart, Wells Fargo Bank, Microsoft and Chrysler Financial, a keynote address by Congressman Jay Inslee (D-WA) of ESIGN fame and presentations by ESIGN experts such as Jerry Buckley (Buckley Kolar LLP) and Prof. Patricia Fry (School of Law, University of Missouri-Columbia), the conference's impressive attendance and rave reviews were no surprise.
"This was truly a landmark event, with so many e-signature vendors and users gathered for the first time," said Michael Laurie, vice-president and co-founder, Silanis. "The opportunity to examine the state of e-commerce with regard to electronic transactions and e-contracting was invaluable."
"ESRA will certainly be the catalyst of accelerated e-commerce growth in banking, finance, insurance, government and many other industries."
Several conference presenters illustrated that e-signatures' return on investment was no longer in question, with impressive results across the mortgage, insurance and financial services industries.
Rather, the challenge has been to review legacy systems and develop long-term records management strategies, to enable organizations to properly leverage this increasingly common technology.
A common thread at the conference was the fact that, although there is no longer any doubt that e-signatures are legal, the issue of building sufficient evidence of electronic transactions remains a concern. Silanis addresses this concern in detail, in a Webcast recording entitled "Evidence Requirements for Electronic Signatures."
"We also heard that organizations are also recognizing the importance of electronic signature solutions that scale across the enterprise," said Mr. Laurie.
"Point solutions are a great place to start, but eventually the need for straight-through processing will be felt everywhere."
Silanis makes it easy for organizations to implement electronic signatures enterprise-wide because its solutions are designed to scale across different lines of business, while meeting compliance requirements and keeping costs to a minimum. Silanis determines the legal, compliance, workflow and IT requirements in advance, ensuring tight integration with existing technology infrastructure.
As the world's largest and most experienced e-signature provider, Silanis was proud to sponsor and contribute to this first conference by ESRA, which provides a centralized educational resource for its members and the public with respect to the legal, regulatory and operational issues in relation to the use of electronic signatures and records.
Founded in 1992, Silanis Technology Inc. is the largest and most experienced provider of electronic signature solutions. More than 1,400 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.