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Electronic Signatures for Web Transactions 

ApproveIt Web Server v 3.0

A comprehensive E-Signature Process Management solution for today’s complex business environments


If you are seeking to reduce your reliance on paper to cut costs, improve your efficiency and improve compliance, turn to the solution that is the first choice of the world’s most prominent insurance, financial services, and government organizations - Silanis ApproveIt

Top application Areas

  • New Business
  • Disclosure Delivery
  • Consents
  • Retail Installment Contracts
  • Lease Agreements
  • eMortgage Origination & Closing
  • Student Lending
  • Non-Disclosure Agreements
  • Partnership Agreements
  • Insurance Applications & Claims
Web Server.

ApproveIt Web Server goes beyond simple signature capture to completely manage e-signature processes from start to finish, while capturing reliable electronic evidence. It is designed to provide maximum flexibility, scalability and audit-ability leading to greater adoption, easier implementation, and lower risk.

ApproveIt Web Server manages transactions from beginning to end, rather than simply automating document signing. Disclosure delivery, signer access and permissions, and distribution of completed document packages are a few examples of the many functions handled by the solution. From the time a document package is created until its completion, ApproveIt Web Server ensures all aspects of the e-signature process are carried out correctly.

ApproveIt Web Server provides three layers of functionality to implement E-Signature Process Management:

 Execution

  • Flexible options for presenting, signing and distributing documents and establishing user authentication
  • Review documents on screen or on paper
  • Apply signatures using a web-based click to sign or signature tablet
  • Leverage a range of user authentication such as web-based credentials, third party identity validation, digital certificates for ultimate process flexibility

Orchestration

  • Define and control how transactions are executed according to business, legal or regulatory requirements
  • Account for variations in transactions such as documents, signers, and signature locations on the fly
  • Scale to support high volume and new processes with minimal development effort
  • Manage transactions that occur over multiple sessions
  • Trigger notifications to users and systems

Evidence

  • Collect and store extensive electronic evidence and audit trails
  • Reliably reproduce screens viewed and actions taken during transactions
  • Archival and review tools facilitate evidence storage and retrieval
  • Easily display and present electronic evidence and e-signed records in legal and regulatory proceedings, audits and disputes

Integration & Architecture


Silanis ApproveIt Web Server architecture is designed to meet enterprise scalability and reliability requirements and to facilitate integration with business and web applications such as:
  • Document generation systems & forms libraries
  • Web applications and portals for user interfaces and authentication
  • Content management systems for archiving
  • Underwriting and fulfillment systems
  • Internal and third-party identity verification services

Seamless integration with these core systems is essential to achieve straight-through processing (STP).

Architectural Features

  • J2EE application running on an application server
  • XML & Web services interface facilitates integration with other applications and services to exchange data and documents and complete the execution process

  

ADDITIONAL REQUIREMENTS FOR LENDERS

Lenders who need to manage, sell and securitize loans based on electronically signed contracts and notes require an E-Vault Management solution. ApproveIt Transferable Records Manager is a stand-alone product that can create, manage and transfer assignment of e-notes and e-chattel in accordance with requirements outlined by UETA, ESIGN and UCC Revised Article 9.

Proven Success

Top Ten US Bank
A top ten US bank has turned to Silanis and IBM software to migrate away from manual, error prone loan processing in favor of secure electronic execution of consumer and small business loan transactions. IBM’s FileNet ECM and WebSphere software together with Silanis’ ApproveIt Web Server will help improve the customer experience, save millions in transaction processing costs, eliminate paper waste, achieve new levels of operational efficiency, and improve compliance.

Top Ten P&C Insurer
A top ten P&C Insurer is using Silanis’ ApproveIt Web Server to help renovate its business processes, reduce cost and provide customers with speedier transaction processing.  Using Silanis’ solution on IBM WebSphere Application Server and DB2, the Insurer is implementing straight-through processing (STP) for new business across all distribution channels and is expecting to save $10 per policy, resulting in annual cost savings between $2.5 and $5 million. 

US Army
The adoption of electronic signatures is anticipated to drive cost savings of $1.3 billion every year as part of the U.S. Army’s Publication Content Management System (APCMS). The integrated solution combines IBM Enterprise Content Manager, IBM Lotus Forms, Silanis e-signature solution and a WebSphere Portal.