Contract Win (4076M)
August 16 2011 - 1:00AM
UK Regulatory
TIDMSNS
RNS Number : 4076M
Silanis International Limited
16 August 2011
RNS Release 16 August 2011
Silanis International Limited (the "Company") announces one of
the largest mutual life insurance companies selects Silanis'
E-Signature Process Management Solution
The Company (AIM: SNS) announced today one of the largest mutual
life insurance companies in the United States has selected Silanis
Technology Inc. ("Silanis") to meet its electronic signing needs.
As the newest addition to Silanis' fast-growing & impressive
list of leading insurance companies, this carrier provides
diversified financial solutions including an array of insurance
products to its customers.
Purchased as a service on a transactional basis, this contract
win will add to Silanis' growing base of recurring revenue. This
service combines Silanis' Electronic Signature Process Management
("ESPM") solution with configurable process and customer facing web
templates that leverage insurance best practices to increase
adoption.
Silanis' e-signing service is designed to provide the fastest
integration with insurance and document systems, allowing carriers
to get to market rapidly with a cost-effective solution optimized
for their unique business process and branding requirements.
"The carrier is committed to providing exceptional customer
service," said Tommy Petrogiannis, CEO and co-founder of Silanis.
"Our dedicated e-signing service is fast to market and
cost-effective without giving up the flexibility needed to fully
integrate e-signing with their core systems and customize the
process to ensure the most seamless agent and customer
experience."
Whilst initially evaluating a multi-tenant Software-as-a-Service
(SaaS) deployment that forces insurers to share a
'one-size-fits-all' e-signing process, the carrier selected
Silanis' service because it runs on the cloud with a unique
instance of the software. A key requirement was the ability to
match the e-signing process to their business requirements and
tailor the look and feel to match the carrier's website. Another
critical differentiator was Silanis' ability to migrate the
solution from a dedicated cloud instance to on-premises as the
carrier expands across the enterprise.
Silanis' dedicated e-signing service helps insurers accelerate
business transactions and mitigate legal and compliance risk and
reduce operational inefficiencies. The process templates ensure
that business rules are enforced throughout the transaction, and
that application documents are returned in good order with all the
required data, signature, initial, and consent elements in all the
right places.
Silanis' ESPM solution offers incredible flexibility to
customize e-signing processes to support a variety of requirements
across multiple lines of business and channels, and the
comprehensive electronic evidence strengthens insurance companies'
legal and compliance position.
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.
For further details, please contact:
Silanis International Limited Tel: +1 514 337
Tommy Petrogiannis, Chief Executive 5255
Officer
Canaccord Genuity Limited Tel: +44 (0) 20
Mark Williams 7050 6500
This information is provided by RNS
The company news service from the London Stock Exchange
END
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