Contract renewal (8365P)

TIDMSNS

RNS Number : 8365P

Silanis International Limited

10 October 2011

 
 RNS Release   10 October 2011

Silanis International Limited (the "Company") announces US Army Enterprise E-Signature Usage Continues to Expand

The Company (AIM: SNS) is pleased to announce that the US Army has renewed its annual electronic signature enterprise license support with Silanis Technology Inc. ("Silanis"). This represents Silanis' largest value annual maintenance contract. Seven years in use and the largest government e-signature implementation to date, the US Army continues its move towards a paperless operation. The Army Audit Agency validated the use of electronic signatures which is expected to save the US Army $1.3 billion every year once the Army Publishing Content Management System ("APCMS") is fully implemented. This initiative is aimed at transforming US Army operations by eliminating paper from forms-based processing.

Tommy Petrogiannis, Silanis' founder and C.E.O. commented: "With the Army's direction towards fully web based, zero client e-forms solutions, Silanis added native e-signature integration to the IBM Forms server allowing Army users to sign an e-form in a browser-only environment. In addition, this new functionality includes interoperability between the client based solution and zero client based solution. Army personnel can start the signing process with the Silanis/IBM forms solution in a zero client, web browser-only mode while maintaining the option to complete the process offline at a later date.

The US Army first began integrating Silanis' electronic signature solution into the APCMS in 2005. In addition to the substantial cost-savings, the solution helps to keep US Army personnel out of harms way by eliminating the need to send convoys into hostile territories in order to obtain authorization and signature approvals. This can now be completed electronically from anywhere in the world. 2,500 of the most critical Department of Army forms have been digitized and made available to more than 1.6 million users. Fully deployed, this will represent the largest e-signature and e-forms deployment in the world.

Silanis' electronic signature solution is used in conjunction with IBM Content Manager and IBM Forms to also reduce cycle times, and data-entry efforts and error. For example, the Army estimates that two hours will be saved each time an evaluation report is processed electronically, for a total potential annual savings of $28 million. Furthermore, it is estimated that pre-populating forms with data will result in saving each person in the Army an estimated 30 minutes per day.

About Silanis

Silanis is the most widely used e-signature solution in the world. Since the company was founded in 1992, our solutions have processed hundreds of millions of e-signatures, strengthening business processes within the world's largest insurance and financial services companies, government agencies and service providers. Enterprises around the globe depend on Silanis to accelerate business transactions and reduce costs while improving compliance with legal and regulatory requirements. Silanis' on-premise, cloud and SaaS e-signature solutions eliminate manual, paper-based processing and enable e-commerce and e-government transactions to be electronically executed from start to finish.

For further details, please contact:

 
Silanis International      Tel: + 1 514 337 
 Limited                    5255 
 Tommy Petrogiannis, 
 Chief Executive Officer 
 www.sil-intl.co.uk 
Canaccord Genuity Limited  Tel: +44 (0)20 7050 6500 
 Mark Williams

This information is provided by RNS

The company news service from the London Stock Exchange

END

CNTDKODQOBDDPKK

Silanis (LSE:SNS)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024