SNS Silanis

 

TIDMSNS 
 
 
Silanis International Limited 
28 October 2010 
 
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| RNS Reach release             |               28 October 2010 | 
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                  Silanis International Limited (the "Company") 
 
 HP Exstream customers can now add Silanis' electronic signatures for paperless 
                                   processing 
 
The Company (AIM:SNS), and Silanis Technology Inc. ("Silanis") the leader in 
electronic signature process management ("ESPM" ), are pleased to today announce 
Silanis' electronic signature solution has been successfully used in conjunction 
with Hewlett Packard's HP Exstream software, the market-leading customer 
communications management platform1, to provide electronic signature 
capabilities to HP Exstream applications.  Government organizations, insurance 
carriers and financial service providers can automate customer communications 
signature capture helping to ensure security and authentication and reduce cycle 
times and costs while improving the customer experience. 
 
 "Today's economic climate is putting pressure on organizations to maximize 
every customer interaction, and move to less expensive channels like the web," 
said Tommy Petrogiannis, CEO and co-founder of Silanis. "Enterprises that 
continue to maintain point solutions for document output and e-signatures will 
struggle to meet emerging customer experience expectations." 
 
Independent research firm, Forrester Research, Inc. explains why e-signatures 
are the linchpin to an automated e-document execution strategy in a recent 
report entitled, "Market Overview: E-Signatures in 2010" 2: 
 
 
"The signing process is the keystone of the execution of a legally or 
administratively binding agreement. However, as central as it is, the signature 
itself is only one part of the overall document or business process cycle." 
according to Forrester. "The true value to an organization lies in replacing all 
paper-based processes with electronic ones and securely automating as many 
previously manual steps and procedures as possible." 
 
"To bring more paper-based processes online, enterprises require a means of 
electronically ensuring information authenticity and integrity," said Scott 
Draeger, manager of product strategy for HP Exstream. "We believe electronic 
signatures are critical to any IT modernization strategy, and with Silanis' 
signature solution, HP Exstream can help verify the identity of the signer and 
the authenticity of a document, improve document output, support regulatory 
compliance, and enhance the customer experience - all while lowering costs." 
 
Silanis and HP think this is important because many businesses are responding to 
a growing demand to produce on-demand document and form output to maximize 
customer interaction and lower costs through the web. Incorporating electronic 
signatures into customer communications enables organizations to take full 
advantage of new and existing business systems to orchestrate and execute the 
entire customer transaction electronically over the web. 
 
One customer that has already benefitted from the integration of Silanis 
e-signature is 21st Century, a leading auto insurance carrier in the U.S. 
 
"The combined Silanis e-signature and HP Exstream solutions has enabled us to 
significantly reduce processing cycle times. More importantly, it has enabled us 
to deliver superior customer service both in our call center and over the web" 
said Tony Cacchione, CIO of 21st Century Insurance and Financial Services. 
 
Customers using Silanis' product and HP Exstream together can expect the 
following  capabilities: 
 
·     Preparation of documents and packages to comply with the transaction 
requirements 
·     Secure electronic presentation, signing and delivery of documents and 
disclosures across multiple channels 
·     Electronic signature capture and authentication over the web, through 
mobile devices or with signature capture devices 
·     Enforcement of business rules during the document review and signing 
process to ensure compliance and reduce transaction errors 
·     Ability to capture data and make updates during transactions to ensure the 
correct data at any time 
·     Passing electronically signed documents and validated data to  downstream 
systems for straight-through, lights-out processing of transactions 
·     Comprehensive audit and electronic evidence including  all web pages 
presented to customer during review and signing 
·     Storing and archiving secure, electronically signed documents according to 
industry-specific requirements 
 
Organizations that have moved to straight-through processing have seen 
significant return-on-investment, including 90% adoption rates over the web and 
40% in the agent channel3. 
 
 
1 As reported in Celent 2010 Deal Trends Report 
2 As reported in Forrester's 2010 E-signature Market Overview 
3 Silanis Technology internal data and case studies 
 
For further details, please contact: 
+----------------------------------------+----------------------+ 
| Silanis International Limited          |                      | 
| Tommy Petrogiannis, Chief Executive    | Tel: +1 514 337 5255 | 
| Officer                                |                      | 
|                                        |                      | 
+----------------------------------------+----------------------+ 
| Canaccord Genuity Limited              | Tel: +44 (0) 20 7050 | 
| Mark Williams                          | 6500                 | 
+----------------------------------------+----------------------+ 
 
 
About Silanis 
Silanis' solutions have processed hundreds of millions of 
e-signatures since the company was founded in 1992 (50 million in 2010 alone), 
making it the most widely used e-signature solution. The world's largest 
insurance and financial services companies, government agencies, and service 
providers depend on Silanis to accelerate business transactions and reduce costs 
while improving compliance with legal and regulatory requirements. The company's 
on-premise, cloud and SaaS e-signature solutions eliminate manual, paper-based 
processing to enable e-commerce and e-government transactions to be executed 
fully electronically from start to finish. Visit us on the Web at 
www.silanis.com 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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