Contract Win (4076M)

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

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