Montreal July 31, 2001 Silanis Technology's 1.1 release of ApproveIt Collaboration Server, a B2B electronic signing solution, is now shipping with added support for Adobe Acrobat 5.0. The server, which is hosted on an organization's extranet site, enables partners, suppliers and satellite offices to enroll in the organization's electronic community and get the electronic signing tool necessary for adding their signatures to agreements, legal contracts and other types of business documents. The e-signature capability is designed to allow companies to eliminate the cost and inefficiencies of routing documents via mail or courier services.
ApproveIt Collaboration Server provides immediate return on investment by removing the key adoption barrier when rolling out a B2B solution between partners an agreement over what technology to use and the cost and resources needed to support it. As a Web-hosted solution, no partner investment is required. The solution also works with commonly used applications, such as e-mail, Microsoft Word, Microsoft Excel and Adobe Acrobat 5.0. Using these apps, companies can access the electronic signing tool, create their electronic signature file and begin e-signing.
"Fifty percent of all courier shipments contain documents and letters of which the vast majority require a signature approval or contain a proof of signature," said Tommy Petrogiannis, president of Silanis. "Displacing courier services can have a tremendous impact on an organization's bottom line. For example, Nextira, the largest distributor of Nortel products, reduced the cost of preprinted forms and document shipping by 80 percent using Silanis electronic signatures and saved $1 million in the first 10 months of deployment."
General Motors Acceptance Corp. Commercial Mortgage (GMACCM), the largest provider of commercial mortgages in North America, is Silanis' first ApproveIt Collaboration Server customer. Having gone completely paperless in 2000 across its 50 worldwide offices and 1,800 employees using Silanis ApproveIt Desktop, it will extend electronic signature capability to its partners, suppliers, contractors and loan appraisers as part of its 2001 e-business initiatives.