[May 22, 2015] |
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FundSERV Selects e-SignLive™ by Silanis to Create End-to-End Paperless Processing with E-Signatures for the Canadian Fund Industry
FundSERV,
a leading provider of electronic business services for the Canadian
investment fund industry, and e-SignLive™
by Silanis, the leading e-signature solution nearing 1 billion
documents processed, today announced a partnership that integrates
e-SignLive into FundSERV's eDOCS solution, for end-to-end digital
processing of all investment fund related documents required in the
investment fund process.
FundSERV caters primarily to the Canadian investment fund industry and
facilitates electronic settlement and transaction forwarding for buys,
sells and transfer of funds for the Canadian market place. On an annual
basis, FundSERV's network receives over 35 million investment fund
transactions and settlements in excess of $100 billion.
Through FundSERV's new eDOCS service, fund manufacturers, distributors
and intermediaries including wealth management companies and financial
advisors, will have the ability to on-board new clients electronically
and, using e-SignLive, have customers electronically sign the account
opening and trade related documents.
The solution is fully configurable and incorporates both dealer and fund
company applications and system integration. FundSERV eDOCS enables
users to manage and store documents in a digital environment supporting
a firm's business process workflows. eDOCS leverages FundSERV's existing
infrastructure and robust security protocols to deliver the investment
industry's only true end-to-end Software as a Service (SaaS (News - Alert)) electronic
document management solution.
Key benefits of this joint solution:
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Reduces not-in-good-order documentation: Customized edits on
both the dealer and fund company forms via the eDOCS solution reduces
the risk of human errors and facilitates the compliance process;
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Saves operational osts for fund manufacturers, distributors and
intermediaries: Organizations and advisors will send less mail and
fewer faxes, reducing the need for manual data entry and quality
control while also reducing scanning and indexing volumes;
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Reduces administrative burden for advisors: Enables easy
preparation, sharing of information and follow up with a customer. No
more missing signatures or incomplete forms with forms management;
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Provides digital forms and applications: The audit trail is
embedded into the document for easy storage, especially for the
recipient, be it a mutual fund or advisor, plus the solution is easily
integrated with other systems for straight through processing of
documents.
How the joint solution works
An advisor meets with their client for an account opening or a
transaction request either in-person or over the phone and captures the
information electronically using a PC, laptop or tablet. Workflow rules
within eDOCS ensure that a trade or application cannot be completed with
a client signature should any information be missing. Customers are
asked to hand-sign via tablet or using their own device with
e-SignLive's Mobile Signature Capture, or click-to-sign if they prefer,
either directly onto the document in person or via email if the
transaction is taking place remotely.
The result is a modern, convenient, paperless experience that meets
compliance requirements for both the advisor and the client.
"FundSERV is proud to serve the investment industry by enabling a
digital account opening process with e-SignLive," said Mark Hubbard, CIO
FundSERV. "We selected e-SignLive to help with this goal for several
reasons, including its depth of experience in financial services, proven
ability to integrate into a wide range of systems and processes, its
strong legal protection around audits and compliance, the solution's
flexibility and its ability to deliver on Canadian data residency."
"FundSERV and e-SignLive are leading the standard in digital business
for the investment industry in Canada," said e-SignLive by Silanis CEO,
Tommy Petrogiannis. "Our core mission of making digital personal and
catering to the best customer experience ever resonates within this
industry because of its focus on delivering value for customers."
About FundSERV
FundSERV Inc. is a leading provider of electronic business services for
the Canadian investment industry. FundSERV's network connects investment
product manufacturers with distributors, facilitating order processing
and settlement. These customers benefit from the ability to accurately
place, reconcile and net settle orders quickly and securely.
In addition to its network and workflow applications, FundSERV leads and
facilitates industry committees and working groups that promote
automation initiatives and establish the industry's electronic
standards. As a service provider, facilitator and leader, FundSERV's
mission remains the same: reduce time, cost and risk while improving the
ease of doing business for the industry.
Established in 1993, FundSERV is a private corporation that operates on
a cost-recovery business model.
About e-SignLive™ by Silanis
Businesses of all sizes choose e-SignLive™ by Silanis when electronic
signatures matter. Nearing one billion documents processed each year,
e-SignLive™ is the most widely used e-signature solution in the world
and ranked a leader by analyst firms Forrester (News - Alert) Research and G2 Crowd.
Organizations of all sizes, including top banks, insurers, credit
providers, pharmaceutical and government agencies, trust e-SignLive to
run their core business processes and take their businesses digital
through innovations in mobile technology, electronic evidence, analytics
and personalization. On premises or in the cloud, e-SignLive delivers
the best customer experience while providing the strongest legal
protection and regulatory compliance. Learn more at www.silanis.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150521005788/en/
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