New Contract Win (1723E)
April 04 2011 - 1:00AM
UK Regulatory
TIDMSNS
RNS Number : 1723E
Silanis International Limited
04 April 2011
RNS release 4 April 2011
Silanis International Limited (the "Company")
announces ThinkSmart moves to paperless processing of consumer
retail applications with Silanis e-signatures
The Company (AIM: SNS) is pleased to announce that ThinkSmart,
an international financing company that specializes in computer and
office equipment loans, has selected Silanis Technology Inc.
("Silanis") for its electronic signature solution. The Silanis
e-Sign Enterprise Platform will be integrated with ThinkSmart's
online finance system in order to move to paperless processing of
consumer credit and lease applications for its on-line and in-store
operations.
The initiative from ThinkSmart will provide additional
competitive advantage in the UK and Australian markets by enhancing
customer service and improving operational efficiency.
"Eliminating the delays, errors and costs associated with
getting customer signatures in application documents will allow
ThinkSmart to improve the customer experience and take our
operations to the next level," said Ned Montarello , CEO and
Founder of ThinkSmart. "Not only will we process applications
faster, we'll be in a better position to expand our distribution
reach with existing retail partners and create new relationship
opportunities with participants in the online retail space."
ThinkSmart grew its business by 45% and cut operating costs by
17% after introducing "QuickSmart", an innovative, online
application portal that it developed. Moving to paperless
processing will enable ThinkSmart to achieve the full benefits of
straight-through processing across its existing UK and Australian
operations.
Silanis' electronic signature solution will be fully integrated
with QuickSmart, and is scheduled to go live in the second half of
2011. Silanis' technologyis responsible for orchestrating the
transaction process in compliance with all business, legal and
regulatory requirements during the document presentation, review
and signing stages of the process. It also captures the recording
of the web process from start to finish providing even stronger
legal evidence than is possible using pen and paper and
strengthening ThinkSmart's legal and compliance position.
As a critical component of ThinkSmart's growth strategy, the
integration design will generate recurring revenue for Silanis over
a long-term contract.
For further details, please contact:
Silanis International Limited Tel: +1 514 337 5255
Tommy Petrogiannis, Chief Executive
Officer
Canaccord Genuity Limited Tel: +44 (0) 20 7050
Mark Williams 6500
About ThinkSmart: ThinkSmart is a leading international
financial services company in the delivery of point of sale finance
products through the retail environment. The business currently
operates with market leading retailers and financial institutions
in the UK, mainland Europe, Australia and New Zealand where it has
built a reputation for processing high volumes of low value
consumer and business finance transactions quickly and
efficiently.
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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