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IOCS Picks Silanis e-Sign Enterprise Platform Solution for its e-Contracting Platform

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IOCS Picks Silanis e-Sign Enterprise Platform Solution for its e-Contracting Platform

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March 21, 2011
By Rajani Baburajan
TMCnet Contributor


Silanis Technology, a provider of electronic signature solutions to enterprises, announced that IOCS has chosen Silanis’ e-Sign Enterprise Platform solution to add advanced electronic signature process management capabilities to its e-contracting platform.

IOCS is multi-tenant e-commerce Software-as-a-Service (SaaS (News - Alert)) for the processing of complex agreements. It enables retailers, lenders and insurers to quickly move to paperless processing of consumer applications by ensuring compliance with industry regulations.

Migrating to paperless processing solutions has never been easy before. Companies had to build or buy many different solutions or services, from online application to eID, anti-fraud, document generation, e-signatures and storage, and then integrate the components into their core systems. The end-result proved to be expensive and slow to implement. Additionally, there was questionable legal enforceability.

IOCS provides clients with a modular, cloud-based SaaS platform which features all of the components required to offer the automated, inter-party execution of enforceable complex agreements.

“As a U.K.-based solution provider, we made it a top priority to deliver our clients a secure and compliant, e-contracting service that meets the strict Consumer Credit Act (CCA) regulations in the U.K.,” said Abe Smith, CEO of IOCS, in a statement.

IOCS chose e-Sign Enterprise Platform after realizing its unique ability to meet complex business requirements as well as the strength of the legal evidence captured by the solution, company officials said. The solution has also proven track-record at top-tier financial services and insurance organizations.

The Silanise Sign Enterprise Platform orchestrates the transaction process in compliance with all business, legal and regulatory requirements throughout the document presentation, review and signing stages of the process, as well as recording the Web process from start to finish to provide even stronger legal evidence than is possible using pen and paper, company officials said. IOCS serves leading retailers and financial service providers. One of its financial customers uses IOCS to automate B2C financing for their retail partners. Another customer, a leading consumer electronics retailer, is working with IOCS to offer instant electronic financing solutions both in-store and online.

Back in February Silanis Technology announced it had won the IBM Beacon Awards 2011 in the “Best Insurance Industry Solution” category.


Rajani Baburajan is a contributing editor for TMCnet. To read more of Rajani's articles, please visit her columnist page.

Edited by Carrie Schmelkin

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