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

Financial services organizations depend on signed paper documents and forms to execute contracts and transactions with partners and customers but face rising costs, legal exposure and compliance risk, and loss of business and revenue due to inefficient processes.

Electronic signatures have the potential to address these problems. Financial service business environments are more complex than ever with constantly changing products and services as well as increasing legal and regulatory requirements. Dated IT infrastructures and applications designed for the paper world are driving the need for more mature solutions that go beyond simple e-signature capture.

E-signature process management allows financial services organizations to reduce costs, improve operational efficiency, and increase straight-through processing capabilities.

ApproveIt Web Server 3.0 is an enterprise solution designed to transform 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 the intent of the signers and generating secure records and evidence of the execution process. This approach is designed to provide flexibility, scalability, and evidence resulting in broader adoption, easier implementation, and lower risk.

"One of the biggest challenges for organizations trying to move business processes online is contending with legacy core systems designed for the paper world," says Dr. Robert Al-Jaar, chief technology officer and executive vice president of product management for Silanis. "ApproveIt Web Server manages the interaction with other business applications throughout the transaction as well as session management, notifications, and process exceptions needed for customers accessing documents online."

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