Silanis Intl Ltd - Contract Win
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RNS Number:1098R
Silanis International Limited
31 March 2008
For Immediate Release 31 March 2008
Silanis International Limited (the "Company")
Major Contract Win
The Company (AIM:SNS) is pleased to announce that Silanis Technology Inc.
("Silanis"), the leading electronic signature provider, has secured a contract
worth approximately US $570,000 to provide electronic signing solutions to a US
top 50 insurance provider.
Silanis will provide enterprise e-signature capabilities for use in life, home
and auto insurance, initially addressing agent driven application completion for
life insurance.
In the past, the insurance provider's electronic life insurance application
reverted back to paper format at the point of execution, defeating the purpose
and foregoing the advantages and efficiencies of automation. Silanis will take
the unique characteristics of its e-signature process management platform which
provides evidence capture, process management and multiple signing methods - and
enable this functionality to work in an offline fashion by leveraging Silanis'
existing desktop applications, ideally suiting field agent salesforce
automation.
The client will save steps in workflow, eliminate backlog, generate sales and
reduce operational costs, whilst maintaining the ability to produce secure,
auditable and verifiable business records.
Tommy Petrogiannis, President of Silanis, commented:
"A core requirement to enable straight-through processing and real-time data
access within the insurance market is the ability to ensure consistency in the
business process and to create a complete end to end electronic transaction.
This new level of functionality will enable insurance carriers to provide their
largest delivery channel, the agents themselves, the competitive advantages of a
self-service model. This will result in improved efficiency and turn-around
time, combined with the valuable advice shared in a face to face meeting."
For further details, please contact:
Silanis International Limited Tel: +1 514 337 5255
Tommy Petrogiannis, President
Buchanan Communications Tel: +44 (0) 20 7466 5000
Jeremy Garcia / Robin Haddrill
Canaccord Adams Limited Tel: +44 (0) 20 7050 6500
Neil Johnson
Adria Da Breo
About Silanis
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.
This information is provided by RNS
The company news service from the London Stock Exchange
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