Many of us have been following and anxiously awaiting a decision by the Utah Supreme Court regarding the challenge of the legal validity of electronic signature for government ballots which relied heavily on Utah’s version of the Uniform Electronic Transactions Act (UETA). I have read many differing and varying opinions from legal experts, blogs, tweeters, etc. but we can all stop speculating because the ruling on June 22, 2010 confirmed the validity of the collected eSignatures established new precedent.
What this decision does, is open the door for wider implementation of electronic signatures by government and businesses that have been slower to adopt this type of technology because of legal concerns. As stated by David K. Isom yesterday in a great blog post, Electronic Signatures Come of Age: From Elections to Commerce and Beyond, “The Utah decision resolved many of the fundamental issues presented by UETA, and resolved them in a way that energizes UETA. UETA will have a broader application in states that follow Anderson than most commentators would have predicted.”
I’m sure we’ll be seeing the positive effects of this decision. With the recent decision by the FHA to accept eSignatures on 3rd party documents and a preliminary decision by the North Carolina State Bar for the use of SaaS products as long as reasonable care” is taken to minimize risks to the “confidentiality and to the security of client information and client files, it appears that technology and products like eOriginal’s eSigantures solutions will be playing a greater role and making a wider impact on the way in which government and businesses handle their online transactions.
Electronic signatures scale to meet demand for construction inspections and exceed compliance requirements.
eOriginal an industry pioneer and leader in the electronic signature market has announced a partnership with Certified Chinese Drywall Testing, a multistate drywall inspection company that provides insurable results for their inspections of imported Chinese drywall.
“Chinese sheet rock is likely to be the largest product liability issue the construction industry has ever seen, said Joseph Weissglass, President of Certified Chinese Drywall Testing, LLC. “The high volume of demand for our testing and inspection programs required an e-contracting solution that could scale and be compliant and the best, most complete solution we could find was eOriginal’s SmartSign Web.”
eOriginal’s data collection, digital signing, and lifecycle management of electronic signatures and transferable records management such as e-contracting can be deployed as premise behind the firewall, SaaS or cloud.
“eOriginal is a natural fit for companies like Certified Chinese Drywall Testing that want to quickly reap the benefits of automation for a better customer experience that is still compliant”, said John Jacobs, Account Executive for eOriginal.
About eOriginal
eOriginal provides advanced electronic signature, vaulting and electronic transaction solutions that are tamper–sealed, auditable and legally enforceable. eOriginal SmartSign® enables compliance with the eSignature requirements of the ESIGN Act, UETA and the UCC. eOriginal has provided secure, verifiable execution, delivery and management of commercial loans, leases and other financial industry documentation for fifteen years. eOriginal customers, including top–tier financial institutions, have processed over 20 million electronic signatures without a single system error or legal challenge.
To learn how eOriginal can streamline your business processes, visit www.eoriginal.com call (410) 895-7699 or follow eOriginal on Twitter @eOriginal.
About Certified Chinese Drywall
Certified Chinese Drywall Testing, LLC offers the Nation’s only insurable testing option for Chinese drywall. Potential buyers, sellers, attorneys, banks, and other interested parties rely on Certified Chinese Drywall Testing to provide comprehensive, quantitative, and conclusive Chinese drywall testing.
Certified Chinese Drywall Testing, LLC offers services throughout the state of Florida and across the Gulf Coast, as well as Virginia.
Partnership will revolutionize the parts delivery process through real-time, web-based systems that streamline and automate routing, tracking and delivery
EAU CLAIRE, WI and BALTIMORE, MD (PRWEB) May 11, 2010 – The founders of Elite EXTRA, a revolutionary new routing and tracking tool, and eOriginal Inc., a leader in electronic signatures, vaulted repository and electronic transaction solutions, have partnered to offer point of delivery electronic signature capture for the automotive parts industry.
Jim Ward, President of Extra Trax, the company that owns Elite EXTRA (Extreme Routing and Tracking Application), recognizes the electronic signature solution is a critical add-on that will benefit Elite EXTRA’s customers by providing a secured electronically signed document as proof of delivery or service, creating the option for a paperless system for customers who choose it.
“This is the first routing and tracking system that combines automated optimal routes at an affordable price point with real-time electronic signature capture,” said Ward. “Together these tools will revolutionize the way auto parts are delivered by creating efficiencies and reducing waste for customers.”
Jim Tebay, eOriginal’s Vice-President of Business Development, said “We’ve played a key role in automating automotive finance with our solutions, so we see Elite EXTRA’s real-time solution for parts delivery as a natural complement and one that provides a fast return on investment for both dealers and parts suppliers.”
Electronic signature capture, embedded into a web browser on the driver’s cell phone, will be provided at the point of delivery, to capture the signature from the person receiving the order. The signature will then be stored for the customer with the pertinent details of the delivery, invoice or work order, and accessible in real-time via Extra’s customer web portal.
Because both the Extra Trax and eOriginal processes are aimed at automating and streamlining operations for deliveries, the two complement one another in helping businesses to operate efficiently, reduce staff and cut overhead operating costs.
Elite EXTRA has a proven return on investment (ROI) of 15 percent through route optimization and driver and dispatcher efficiencies, and signature capture will further augment that ROI by reducing the amount of time staff spend in searching and accessing paper documents.
“We did an extensive search for an electronic signature solution to help streamline our customers’ operations in a manner that is easy, efficient, and secure,” said Ward. “eOriginal has been wonderful to work with, and through integration offers a complete, cost-effective, cutting-edge solution for customers wanting digital, web-based signature capture.”
Elite EXTRA, which was launched in 2009, is a web-based system that creates automated optimal routes, tracks drivers, and provides an estimated time of arrival (ETA) for customers. It uses the latest in open source geospatial technologies to streamline the automotive parts delivery system. Advanced geospatial algorithms calculate delivery routes and route orders, helping dispatchers to determine the optimal routes for their drivers. It is a powerful, yet lightweight and cost-effective solution for all industries that transport goods or services.
The first release of the system was developed exclusively for the auto part delivery industry with extensive input from pioneers in the logistics and auto parts industries. It costs less upfront, and is less per driver than comparable software as a service (SaaS) packages.
Extra Trax, LLC is a logistics and routing subsidiary of Applied Data Consultants, Inc. (ADC) that is targeted solely at providing customized routing and delivery tools for the logistics industry. Its headquarters are in Eau Claire, Wis.
About ADC
Incorporated in 1996, ADC provides customized web solutions, application development, enterprise-wide consulting and mapping services. ADC now has 40 employees between its Eau Claire headquarters and its Omaha, Neb. and Denver, Colo. branch offices. For more information about ADC, please see: www.adc4gis.com
About eOriginal
eOriginal, Inc. provides advanced electronic signature, vaulting and electronic transaction solutions which are tamper-sealed, auditable and legally enforceable. eOriginal SmartSign® enables compliance with the eSignature requirements of the ESIGN Act, UETA and the UCC. eOriginal has provided secure and verifiable execution, delivery and management of commercial loans, leases and other financial industry documentation for over a decade. eOriginal customers, including top–tier financial institutions, have processed millions of electronic signatures on millions of documents without a single system error or legal challenge.
To learn how eOriginal can streamline your business processes, visit www.eoriginal.com or call 410-895-7699. You can also follow eOriginal on Twitter @eOriginal.
Wells Fargo Funding has approved eOriginal as an Authorized eSignature and eDelivery Vendor. eOriginal’s SmartSign Web can be used by brokers, real estate companies and correspondent lenders to manage borrower’s electronic disclosure statements. Using eOriginal’s eCore® platform, lenders can have borrowers electronically review, sign and return disclosure documents from the eOriginal hosted signature service or from eCore embedded within their own website. SmartSign Web® can be integrated with existing loan origination systems to automate the eDisclosure process. This ESIGN and UETA compliant delivery capability not only eliminates paper from the process, it speeds the closing cycle while eliminating costly rework and improving regulatory compliance.
Electronic Signatures Reduce Closing Delays and Enable Straight-Through Processing for Loan Officers
Mission Hills Mortgage Bankers, a California-based mortgage bank, made a proactive initiative to avoid a three day wait for the delivery of disclosure documents that would have been imposed by last year’s Truth in Lending Act (TILA) amendment known as the 3/7/3 Rule. To prevent this ruling from delaying the loan origination cycle, increasing costs and potential closing delays, Mission Hills Mortgage Bankers’ IT staff began a competitive evaluation of web-based electronic signature solutions that would enable loan officers to use straight-through processing. Mission Hills Mortgage Bankers selected eOriginal SmartSign® on the basis of compliance, ease of integration and total cost of ownership.
“The implementation went in without a hitch”, notes Collin Cobb, Mission Hills Mortgage Bankers’ Marketing Manager, who oversaw the training of loan officers. “Mission Hills Mortgage Bankers makes a big effort to set itself apart from its competition by combining our proven business practices with new innovations.”
“Mission Hills Mortgage Bankers joins an impressive group of financial services firms that went through a rigorous selection process before selecting eOriginal because of our compliant e-signing tools and vaulted repository services to better manage the lifecycle of the electronic transactions,” notes Steve Bisbee, eOriginal’s President and CEO. Increasing regulatory, security and audit compliance initiatives, and the desire to protect the asset value of transactions that might enter the secondary market, make eOriginal a strong player in risk management.
About Mission Hills Mortgage Bankers A direct lender originating loans throughout the nation, Mission Hill Mortgage Bankers is a division of Gateway Business Bank. Founded in 1969, Mission Hills Mortgage Bankers is one of the top privately owned mortgage banking firms in the country. For additional information about Mission Hills Mortgage Bankers, go to http://www.missionhillsmortgage.com/, or email inquiry@mhmb.com or call 800-229-3832.
About eOriginal
eOriginal, Inc. provides advanced electronic signature, vaulting and electronic transaction solutions which are tamper-sealed, auditable and legally enforceable. eOriginal SmartSign® enables compliance with the eSignature requirements of the ESIGN Act, UETA and the UCC. eOriginal has provided secure and verifiable execution, delivery and management of commercial loans, leases and other financial industry documentation for over a decade. eOriginal customers, including top-tier financial institutions, have processed millions of electronic signatures on millions of documents without a single system error or legal challenge.
The facilities management department at one of the top, private U.S. universities has selected eOriginal, Inc., a leader in electronic signature, vaulted repository, and electronic transaction management solutions, for an electronic signature and repository solution to be integrated with their budget approval and workflow system.
eOriginal was selected by the university after a competitive review that focused on security, compliance, deployment, configurability, and extensibility criteria. The integrated solution spans all sections of the university and is expected to dramatically streamline budget workflow processes and ensuring compliance while also improving recordkeeping with eOriginal’s comprehensive audit trail.
The previous paper-based process was subject to frequent delays and errors slowing construction and maintenance projects. The flexibility to add, manage, and track contracts at different stages within each contract and project lifecycle significantly shortens the time between approval and project completion.
“Universities are becoming extremely aware of the benefits of electronic signatures to streamline processes,” said Mark Schneider, Vice President of Sales for eOriginal. “They are also increasingly aware of the value of using a vaulted repository for material documents to ensure legal compliance and reduce their audit exposure.”
About eOriginal. eOriginal SmartSign® enables compliance with the eSignature requirements of the ESIGN Act, UETA and the UCC. eOriginal has provided secure, verifiable, and legally enforceable electronically signed documents and transactions for financial services, insurance, government, healthcare, and education for over a decade with out a system failure or legal challenge while processing millions of transactions representing billions of dollars.
I am moving a little away from our usual format to ask a few questions and hopefully spur a little thought. I was sitting at my desk early this morning thinking about where am I going to spend New Years Eve, at one of the parties I was invited to or at home with just a few close friends waiting for the ball to drop. Then I got to thinking about all the thought and planning that goes into this one night. Many people will making plans to visits multiple parties, planning out their entire night trying to visit as many people and parties as possible and to as have much fun as possible.
This got me thinking if so many people put so much thought into one night, what if they took the same approach to improving their business processes, optimizing their sales, human resources, procurement processes, etc. What tools would you like to use or adopt, and what are you already doing that you would like to improve?
If the processes you would like to improve require approvals or authentication, electronic signatures will be a key part of the solution. Electronic signatures can help speed up many business processes, cutting costs, and time. For some, already using electronic signatures, it may mean expanding the use of esignatures by incorporating the process in other areas of their business.
So what are going to be doing in the coming year to improve your business processes? I know there are a few things we haven’t thought of, so we’d like to know what you are thinking.
An article published in the New York Times, by Floyd Norris “Are Banks Losing Lots of Documents”, was recently brought to my attention. After reading through Norris’ thoughts and the quotes provided by those featured in the article, it got me thinking about how eOriginal’s electronic process could prevent documents from being lost or forgotten.
In Norris’ article, complaints and concerns ranged from the constant need to mail or fax every single document, to some believing documents are being lost on purpose. Norris does point out, however unlikely that it seems, it is still a common belief.
So this brings us to, how can eOriginal help your company to prevent lost or misplaced documents? The answer is in our SmartSign secure electronic signature and eVaulting applications.
After a customer is prepped and ready to sign your documents, whatever they may be, contracts, NDAs, eMortgages, loan docs, etc., our system will keep your documents in order and track and monitor every action taken against your documents, from when your documents are ready to be signed, to when the eSignature is applied, and throughout the entire lifecycle of your documents.
Our SmartSign eSign application is designed to quickly and smoothly integrate into your business process or systems. The “front end” eSigning tool allows your customers to electronically sign your documents online, allowing your team to execute contracts while they still have your customers on the phone or within minutes after they electronically receive your documents. The entire eSigning process is completed online enabling straight-through processing for your company and greater convenience for your customers. One-time or first call resolution eliminates the need to ship your documents and eliminates the chances of documents becoming lost.
After a document is eSigned, we bind your documents in a digital tamper evident seal then directly deposit your documents directly into our eVault, so there is no opportunity for your documents to get lost in transit or misplaced among other paperwork. The digital seal identifies the final executed document as the original, which is the first step we take to help protect your business agreements and ensure legal compliance.
Once a document is deposited into the “back end” eVault, its processes secure your documents, so that they retain their commercial value by adhering to important legal and regulatory standards. One component of that process that makes our eVault extremely valuable is the exceptional audit trail that follows your documents throughout their entire lifecycle. The audit trail tracks every single action that has been taken against your documents. You’ll have the ability to view and track your document’s progression, status, and complete history. Our eVault also allows you to control access to your documents. Adding another level of security, only those employees or persons with the proper credentials will be able to view and manage your documents. So. in combination with the audit trail and rights access, you’ll always know where your documents are or have been and who has had access to them, eliminating questions like, “Where are my documents?” and “Who say them last?”
Finally your documents can be easily referenced within our secure eVault. Reference identifiers that you define allow you to more quickly query and find the documents you need. No longer will you have to thumb through file after file looking for a document that may have been misplaced; a quick search in our system will be all you need to complete your search.
Rio Queen Citrus, Inc. Selects eOriginal SmartSign® for Employee Onboarding
BALTIMORE, MD (Vocus/PRWEB), December 9, 2009 – eOriginal Inc., a leader in electronic signature, evaulting and electronic transaction solutions, was instrumental in the Rio Queen Citrus streamlined hiring process that can cover up to 1,700 annual hires.
The integrated multilingual onboarding solution uses straight-through processing enabled by eOriginal SmartSign® Web which auto-populates four human resource workflows for electronic signatures on employment documents including I-9 and W-4, and company policy forms, then vaults a digitally-sealed, tamper-proof record that maintains the integrity, confidentiality and life cycle management of Rio Queen Citrus HR records.
“Processing hire documents through eOriginal SmartSign® has definitely streamlined the workflow. Our human resources and payroll departments across various locations now have instant hire information,” said Sandy Silva, Director of Human Resources for Rio Queen Citrus. “Our endless stacks of employee hire documents have disappeared and not only have we eliminated paper, we can now easily and instantaneously retrieve employee documents within our electronic vault.”
“SmartSign Web was designed for easy integration into our customers’ workflow so they can realize the full benefits of automation,” said Bryan Caporlette, eOriginal’s Chief Technology Officer. “The ultimate goal is not just to speed up the process, but to complete it in a single step that complies with business and regulatory requirements.”
About Rio Queen Citrus, Inc.
For over 39 years, Rio Queen Citrus, Inc. has been growing, packing and marketing citrus. This third generation, family-owned business has expanded from a 20-acre citrus grove in Mission, Texas to the present-day management of over 5,000 acres of citrus and 1,150 acres of onions across the Rio Grande Valley of South Texas. For additional information about Rio Queen Citrus, go to www.rioqueencitrus.com, email sales@rioqueencitrus.com or call 956-205-7300.
About eOriginal
eOriginal provides advanced electronic signature, vaulting and electronic transaction solutions which are tamper-sealed, auditable and legally enforceable. eOriginal SmartSign® enables compliance with the eSignature requirements of the ESIGN Act, UETA and the UCC. eOriginal has provided secure, verifiable execution, delivery and management of commercial loans, leases and other financial industry documentation for over a decade. eOriginal customers, including top-tier financial institutions, have processed millions of electronic signatures on millions of documents without a single system error or legal challenge.
To learn how eOriginal can streamline your business processes, visit www.eoriginal.com or call 410 895-7699. Subscribe to the eOriginal blog at blog.eoriginal.com. Follow eOriginal on Twitter at @eOriginal.
What makes a successful business in today’s world? I have spent countless nights asking myself this very question. From front-line salespeople to high-level executives, businesses around the world are actively trying to embrace new technology in hopes that they can streamline their processes and become more efficient using fewer resources.
Using electronic signatures and eOriginal’s Smartsign solutions; businesses are able to simplify, speed up and streamline their entire business process enabling straight-through processing that saves time and money. Simplicity is the key to quickly implementing electronic signing into your current process enabling your organization to see the benefits and savings right away. This is how it works;
Step 2: Your Customers eSign (electronically signing your documents is a simple, fast and EASY process for your client/signer)
Step 3: Receive a signed, legally enforceable document within minutes (that’s right-it’s DONE!)
eOriginal Smartsign® Web simplifies electronic signatures, providing a fast and easy way to decrease closing time and increase revenue. Many businesses are already taking advantage of this unique, competitive advantage by completing processes in minutes that would normally take days or even weeks. If that’s not convincing enough for you, by the time you have finished reading this article, eOriginal could have already assisted you in having dozens of documents signed, sealed and delivered. For more information please contact us.
A direct lender originating loans throughout the nation, Mission Hills Mortgage Bankers is a division of Gateway... Read Our Featured Success Stories ›
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