SNS Silanis

TIDMSNS

RNS Number : 4623F

Silanis International Limited

26 April 2011

 
 RNS release   26 April 2011 
 

Silanis International Limited (the "Company") announces a North American P&C insurer chooses Silanis' e-Sign Enterprise Platform

The Company (AIM: SNS) is pleased to announce that a North American P&C insurer has chosen Silanis Technology Inc. ("Silanis") to meet its enterprise e-signing needs. While Silanis' e-signature solution was evaluated for use across the enterprise, its first implementation will be new business.

"We have experienced an over 90 per cent agent adoption rate with our other insurance clients thanks in large part to our zero-client, browser-based solution which eliminates the need to install plug-ins or download anything onto a computer," says Tommy Petrogiannis, CEO and co-founder of Silanis.

Petrogiannis adds: "In addition to driving the obvious productivity and cost-savings, our solutions significantly enhance the entire customer experience. For example, in situations with couples where one of them is at the office and can't attend a face-to-face meeting, our e-signing solution can send an email with log in instructions so the remote person can co-sign the policy with the click of a mouse at a more convenient time."

Silanis' e-Sign Enterprise Platform also confidently addresses the insurance industry's compliance and legality concerns. As a next-generation electronic signature platform, the solution goes beyond simple signing to orchestrate, execute and record transactions electronically from start to finish, while enforcing business rules to reduce signing errors and ensure compliance. Moreover, the solution provides stronger legal evidence than pen and paper by enabling insurers to reproduce the entire web transaction. This includes all web pages and documents that were presented to participants, how long they spent on each page, and all actions that they took (accept, sign, initial, etc.).

Silanis' e-Sign Enterprise Platform supports Oracle database, as well as the IBM Web Application Server and Enterprise Content Management Solution.

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 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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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