Silanis Technology, a provider of electronic signaturesolutions, has announced the release of ApproveIt Web Server 3.0,an e-signature process management solution designed to meet thecomplexity of the financial services business environment. The newrelease manages the entire execution process, facilitating adoptionof straight-through processing for financial services transactionswhile supporting the industry's compliance requirements.

Financial services organizations depend on signed paperdocuments and forms to execute contracts and transactions withpartners and customers but face rising costs, legal exposure andcompliance risk, and loss of business and revenue due toinefficient processes.

Electronic signatures have the potential to address theseproblems. Financial service business environments are more complexthan ever with constantly changing products and services as well asincreasing legal and regulatory requirements. Dated ITinfrastructures and applications designed for the paper world aredriving the need for more mature solutions that go beyond simplee-signature capture.

E-signature process management allows financial servicesorganizations to reduce costs, improve operational efficiency, andincrease straight-through processing capabilities.

ApproveIt Web Server 3.0 is an enterprise solution designed totransform a manual, paper-based process to a fully electronic,Web-based e-transaction. The Silanis solution defines, executes,and manages electronic signature transactions while capturing theintent of the signers and generating secure records and evidence ofthe execution process. This approach is designed to provideflexibility, scalability, and evidence resulting in broaderadoption, easier implementation, and lower risk.

"One of the biggest challenges for organizations trying to movebusiness processes online is contending with legacy core systemsdesigned for the paper world," says Dr. Robert Al-Jaar, chieftechnology officer and executive vice president of productmanagement for Silanis. "ApproveIt Web Server manages theinteraction with other business applications throughout thetransaction as well as session management, notifications, andprocess exceptions needed for customers accessing documentsonline."