Tag Archives: Silanis

Key Captive Auto Lender E-Contracting with Silanis E-Signatures

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Montreal, QC (PRWEB) September 20, 2007

Silanis Technologies, the top electronic signature provider, nowadays announced expanding use of its Web-based signing remedy for electronic contracting by a significant international captive auto finance organization.

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In 2004, recognizing the positive aspects of e-signatures, this luxury auto manufacturer’s lending division started employing Silanis’ solutions to reduce processing occasions for end-of-lease paperwork. The initiative’s achievement led the firm to look at other opportunities to improve operations and buyer service with e-signatures.

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“This client is identified for its commitment to exceptional service at every single client touch point, whether online, at the dealership or over the telephone,” stated Richard L. Warren, CEO, Silanis.

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“Silanis’ options are a natural decision in this case, because our flexible enterprise suite supports the very various needs of numerous auto finance processes.”

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Silanis’ ApproveIt

Silanis Announces an Electronic Vault Management Answer for the Auto-Finance Business

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Montreal, QC (PRWEB) September 27, 2006

Silanis Technology, the leader in enterprise electronic signature options for the economic sector, right now announced a new electronic vault management system for protecting the value of electronic contracts throughout their lifecycle. Named ApproveIt

Silanis Delivers Electronic Signing and Vaulting Capabilities to ADP Dealer Services’ Digital Contracting Answer

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Montreal, QC (PRWEB) October 12, 2006

Silanis Technology today revealed that it is the electronic signature and vault provider behind ADP Dealer Services’ Digital Contracting solution in the U.S. Named ApproveIt Web Server, the resolution enables automobile buyers, dealers, lenders and investors to participate in a completely automated financing process in which all sales and financing documents can be processed electronically, such as the archival, pooling, and securitization of contracts.

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Eliminating the inefficiencies of paper from the procedure will give instant benefits to every person involved. Purchasers will commit less time waiting for and signing the 25+ documents required to buy a automobile and apply for a loan. Dealers will spend much more time with consumers, while submitting contracts more swiftly and accurately to lenders, resulting in more quickly funding. Lastly, lenders will commit much less time verifying retail installment contracts simply because the data contained inside will be comprehensive, and match the terms of the loan approval.

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“For far more than 25 years, dealers have turned to ADP to facilitate their F&ampI processes,” stated Paul Rindone, Vice President of the Monetary Services division of ADP. “Our Digital Contracting answer tends to make the contracting process more quickly, much more precise and comprehensive.”

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Silanis’ solution permits ADP to integrate legally enforceable, electronic signatures, safe vaulting, and authoritative copy management into their technologies offering without having altering the workflow that clients, dealers, lenders and investors are familiar with.

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F&ampI managers continue to guide customers by way of the evaluation and signing procedure of documents, but rather than sign the contracts with pen and paper, clients can use the electronic signature pad provided by the Silanis’ resolution. Since the approved loan terms are automatically added to the corresponding electronic contract, the amount of errors and information omissions are substantially lowered.

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When the deal is finalized in the back workplace, clerks can then electronically transmit the contract to lenders. Silanis’ electronic vaulting remedy enables external parties to confirm a non-authoritative copy of the electronic contract and authenticate its contents, including the signatures and the data that has been signed. Just as in the paper planet, ownership of the contracts can be transferred primarily based on UCC 9-105 needs.

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The foundation for Silanis’ platform is ApproveIt – a 6th generation technologies that combines the safety of a digital signature with a legally enforceable approach and advanced usability characteristics. This special ‘docu-centric’ method permanently embeds the digital signature and creates a corresponding audit trail within the documents so that they remain safe as they travel from user to user and program to technique. This also enables Silanis’ platform the flexibility and seamless integration with the auto-finance industry’s current business processes.

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The ApproveIt platform consists of two solutions for the automotive industry: ApproveIt

Open Dealer Exchange Selects Silanis as its e-Contracting Options Companion

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Montreal, QC (PRWEB) June ten, 2009

Silanis Technology’s subsequent-generation Electronic Signature Procedure Management (ESPM) remedy, ApproveIt Web Server three., , has been chosen by Open Dealer Exchange, a newly formed joint venture among market leaders ADP Dealer Services and The Reynolds and Reynolds Business to give e-contracting solutions. Silanis’ solutions will enable a completely automated financing method in which all sales and financing documents will be processed electronically, which includes the creation and storage of legally compliant electronic loan contracts. This new agreement contains ApproveIt Web Server 3.0e-signature process management remedy and ApproveIt Transferable Records Manager remedy.

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Open Dealer Exchange was launched earlier this year to support lenders greater integrate the loan origination process which includes credit application processing, contract information integration and e-contracting, into an auto dealer’s transactional, point-of-sale technique. The purpose is to improve operational efficiencies resulting in a faster, a lot more accurate sales method. Silanis plays a important function in e-contracting fulfillment by transforming a manual, paper-primarily based procedure to a completely electronic, Internet-based e-transaction.

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Tommy Petrogiannis, Silanis’ President, remarked, “We are seeing a substantial increase in interest from lending organizations such as ODE that are leveraging e-signatures and e-vaulting technologies to complete straight by way of processing and materially lessen the cycle time and expense connected with every transaction.”

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Silanis’ options enable Open Dealer Exchange to integrate electronic signature capabilities, secure vaulting, and authoritative copy management into the dealership’s existing workflow. External parties can also verify a non-authoritative copy of the electronic contract and authenticate its contents, including the signatures and the information that has been signed. Ownership of the contracts can be transferred electronically in compliance with UCC 9-105 specifications.

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“Open Dealer Exchange was formed to bring higher opportunities and efficiencies to the auto lending procedure and we are excited about the capabilities Silanis offers to help attain these ambitions,” states Marty Zwolan, Vice President of Sales for Open Dealer Exchange.

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Lenders, dealers and purchasers alike will benefit from the system’s straight-through processing capabilities. Lenders will invest significantly less time verifying retail instalment contracts since the data contained therein will be full, and match the terms of the loan approval. Dealers will commit far more time with clients, even though submitting contracts a lot more quickly and accurately to lenders, resulting in more rapidly funding and buyers will commit much less time waiting for and signing the several documents needed to purchase a car and apply for a loan.

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ApproveIt

Silanis Wins Finalist Position in IBMs CTO Innovation Award at Lotusphere

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Montreal, QC (PRWEB) January 18, 2010

Silanis Technology, the leader in Electronic Signature Procedure Management, nowadays announced that it is a finalist for IBMs Lotusphere CTO Innovation award primarily based on e-SignLive and e-SignRoom, two new e-signature procedure management services that Silanis has introduced for LotusLive.

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The CTO Innovation award recognizes IBM Enterprise Partners who are top the technology charge by exploiting the newest capabilities of LotusLive and WebSphere Portals in exciting, new ways that stand out above their peers. e-SignLive and e-SignRoom have earned Silanis a finalist position simply because they bridge the gap among enterprise collaboration and organization approach management to allow the industrys 1st collaborative e-commerce platform.

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Silanis and IBM announced an agreement throughout Lotusphere 2010 that would see Silanis new e-SignLive and e-SignRoom e-signature procedure management solutions integrated with IBM LotusLive to allow company users, consumers and partners to electronically review, modify and sign documents in a safe, compliant and collaborative, on-demand environment.

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The solutions guide all parties by way of an electronic document overview and signing procedure, even though making certain documents can’t be returned if they are missing any data, signatures or initials. Furthermore, the services create strong Electronic Proof of what took location during the on the internet process for legal and audit purposes. The entire ceremony requires place inside a net browser so that no plug-ins, added computer software or specific hardware are needed. This simple click-to-sign, browser-based method tends to make it feasible for anybody to participate in an electronic signing ceremony, and ensures high user adoption.

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Canderel, one particular of Canadas biggest actual-estate developers, will turn out to be a beta customer of the joint resolution. Canderel will bring company partners and investors from about the world to the LotusLive on the internet collaboration platform to close higher worth, commercial genuine estate improvement projects employing the integrated e-SignRoom solutions.

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We are really honored to have received this prestigious recognition from IBM, mentioned Dr. Robert Al-Jaar, Executive Vice President and Chief Technologies Officer of Silanis. Increasingly organizations are searching to conduct mission-critical organization transactions with their international partners more than the web in order to accelerate human processes and improve productivity. E-signatures make this attainable by enabling signatures to be captured electronically anyplace, anytime, anyplace and by anybody.

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Silanis has accomplished a quantity of market firsts, like the very first internet-primarily based, zero-download solution designed for processing consumer applications, and one of the first integrated e-signature and e-vaulting resolution to method customer loans from origination to securitization. In 2009, Silanis introduced the worlds first e-signature procedure management answer. E-signature procedure management goes beyond simple signature capture to execute transactions electronically from commence to finish. The resolution has been adopted by some of worlds leading insurance coverage, lending and government organizations.

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About Silanis&#13

Silanis Technology is the top provider electronic signature method management solutions. The worlds biggest insurance and financial solutions organizations, key government agencies, integrators and service providers rely on Silanis to accelerate company transactions and lessen costs even though improving compliance with legal and regulatory requirements. The companys electronic signature platform, ApproveIt

Silanis Tends to make Straight-via Processing of Financing e-Contracts and e-Mortgages Less complicated with New Release of ApproveIt eVault Manager

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Montreal, QC (PRWEB) December 15, 2009

Silanis Technologies, the leader in electronic signature approach management, right now announced that the most recent release of ApproveIt eVault Manager enables mortgage providers, auto-financers and gear leasers to move more swiftly to straight by way of processing of e-contracts and e-mortgages. Already adopted by Open Dealer Exchange, Stewart Title, key finance companies and lenders, the remedy reduces the cycle times, fees, information errors and dangers of selling, securitizing and syndicating loans, leases and mortgages.

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The new, ready-to-use portal and management console provides a turnkey answer for accessing the complete functionality of the ApproveIt eVault Manager exactly where the e-contracts and e-mortgages can be securely transferred among electronic vaults, and then stored, managed, and verified electronically as getting authoritative copies beneath ESIGN, UETA and UCC 9-105 specifications. With the new console, document custodians, lenders, investors, dealers, auditors and other personnel can access documents in the e-vault according to their permission levels in order to carry out different operations for which they are authorized.

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Promoting, securitizing and syndicating loans, leases and mortgages involve a complex method of pricing and approvals that leads to enhanced dangers, higher expenses and a lack of transparency when processed manually in paper format, mentioned Tommy Petrogiannis, President and Co-Founder of Silanis Technologies. The ApproveIt eVault Manager eliminates these troubles by enabling a financing transaction to be processed electronically from start off to finish.

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Loans, leases and mortgages that are signed electronically utilizing Silanis companion solution, the ApproveIt Web Server, can be transferred electronically from the point of sale directly to an e-vault utilizing ApproveIt eVault Manager. This eliminates lengthy shipping delays and charges, and reduces the risk of terms and circumstances on loan documents getting diverse from the application which benefits in the loan being delayed and documents getting returned for re-works. Making use of Wise documents for e-mortgages, notes can be transferred in from other e-closing systems as effectively.

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ApproveIt eVault Manager protects these high worth records all through their lifetime as ownership is transferred between various parties and electronic vaults with the assurance that they are the authoritative copies. Legal handle is maintained during creation, storage, and transfer by making sure that a single authoritative copy of the record is unique and identifiable enabling only the secured party or its designated custodian to transfer, retailer, or adjust the identified assignee of the authoritative copy and assuring the record can’t be altered, except as permitted, and identifying unauthorized revisions and non-authoritative copies

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ApproveIt eVault Manager is based on a registry that securely tracks the assignment and location of loans, leases and mortgage contracts. It also performs all needed operations on the documents stored in the program. E-Vault storage is handled through a database that is in turn controlled by the registry. Documents can be encrypted for additional safety and multiple storage databases can be controlled by a single registry enabling segregated storage for numerous lenders and investors.

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The new ApproveIt eVault Manager Console enables organizations to get to industry more rapidly by supplying a ready-to-use portal and management console for accessing the solutions powerful administration, transaction, pooling, search, and review and audit functionality. Technique administrators, for example, can now easily configure the remedy, register users and assign roles and permissions employing the management console. Registered users can register documents or and transfer ownership or place via the portal. Pooled operations can also be simply designed and assigned using the portal, and records can be rapidly searched, reviewed and audited.

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Maintaining an end-to-finish electronic approach from loan closing appropriate by way of to securitization advantages all parties involved, mentioned Petrogiannis. Lenders receive funds more rapidly, while borrowers lessen their risks by obtaining higher visibility into the high quality of loans.

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About Silanis&#13

Silanis Technology is the major provider electronic signature procedure management solutions. The worlds largest insurance and monetary services firms, major government agencies, integrators and service providers rely on Silanis to accelerate business transactions and minimize costs while improving compliance with legal and regulatory needs. The companys electronic signature platform, ApproveIt