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CIC and Signix Announce Strategic Alliance
Communication Intelligence Corporation ("CIC"), supplier of biometric signature verification and natural input software and electronic signature solutions and Signix, Inc. ("Signix"), digital signature solution company announced that they have entered into a strategic alliance.
CIC's technology adds biometric signature capture and verification to Signix's hosted Public Key Infrastructure ("PKI") solution in order to verify the user's identity as part of the electronic document signing process. Users can electronically sign documents making the approval process natural and intuitive. This technology ensures virtually tamper-proof security and is the most reliable, efficient and effective way to approve and process documents electronically.
"We are pleased to partner with CIC to offer a more complete electronic signature technology," stated Pem Guerry, President of Signix. "As the business world transitions from paper-based processes to digital processes, it requires enabling solutions to facilitate and expedite the transition. Signix enables online digital signatures using a browser, and our alliance with CIC is of great strategic value for customers by also allowing a physical signature to be electronically captured. When the customer is present to sign a document, we believe that using a signature pad or tablet PC would be a preferred and more natural alternative."
Enterprises that have fully implemented electronic document programs have experienced substantial annual savings in the processing of millions of electronic forms. Processing documents electronically significantly reduces the risk of human error and decreases processing time and costs dramatically. In addition, the streamlined process boosts customer satisfaction and retention.
"We are extremely pleased about this alliance. By combining our technologies, CIC and Signix will offer unparalleled solutions by providing the most trusted and secure form of transmission from point to point with actual verification of the user. Allowing our customers the benefits of electronic transactions and processing with secure electronic signatures, both online and face-to-face, opens markets well beyond our initial focus on insurance and securities applications," stated CIC's Chairman & CEO, Guido DiGregorio.
As part of the alliance both companies provided best-of-breed solutions for the National Association for Variable Annuities' ("NAVA") eSignature Proof of Concept. The goal is to implement an electronic document management system to reduce processing time, errors and costs, while improving both efficiency and effectiveness by replacing paper with a digital system for handling policies, contracts and other legal documents.
"Managing the paper blizzard of information related to a customer's account is a challenging, time-consuming and expensive task. Having a digital system in place and using electronic signature technology enables the insurance and securities industry to improve internal efficiencies and significantly reduce processing, printing, mailing and storage costs, by accessing client data electronically," stated Deb Tucker, Vice President of NAVA. 01.03.2005, Communication Intelligence Corp.
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