As business are becoming more mobile and fluid, employees are relying on smart-phones to do more than coordinate their emails. Smart-phones are a life-line or  hub of information for most businesses today so it only makes sense for the use of SMS (Short Message Service) text message notifications as a means of signer authentication. With eOriginal SmartSign, SMS/text ID verification can be applied in two separate methods for an added level of security:

• sending the signer’s Security Code for login
• a secondary authentication generated by a one-time system generated PIN which provides an additional layer authentication for signers

SmartSign’s flexibility allows businesses to leverage smart-phones to take your business to the next level of efficiency by not only authenticating users but also following through and allowing users to sign agreement using those ever important iPhones, blackberrys, Android, etc.  Please take the time to view the following video which walks the SmartSign administrator through the setup process and how the signer interacts during the SMS text process.

SMS Authentication Process

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The automotive finance industry has been a leader in adopting paperless lending packages/eContracts by implementing electronic signatures. And since that time, eOriginal SmartSign^® has been the leading solution in the automotive industry to improve business operations and streamline the closing process by enabling paper–free electronic signature and transaction management solutions.

eSigning and Process Benefits

Through bank websites, in a single online session consumers can access, apply for and electronically sign their loan documents using the consumer lending portal creating a completely automated direct-to-consumer auto loan process.

• Extensive integration capabilities extend eContracting across existing loan origination systems, dealer management systems, banking websites and servicing systems to complete the automation of the financing process.

• Lenders to review, underwrite, and fund loans instantly.

Secure Retention and Lifecycle Management Benefits

The integrated trusted repository and transferable records management capabilities creates a digitally sealed audit trail for legal compliance and negotiability, while extending the lifecycle management capabilities with the tools that enable organizations to meet particular transfer requirements.

• Risk management is addressed by our technology ensuring legal compliance (ESIGN, UETA and UCC 9-105) and secondary market requirements are met.

• Protect, manage, and resell eContracts on the secondary market in a way that assures both the finance source and the investor community of a legal transaction.

The Whole Package

eOriginal SmartSign^® is the only complete end-to-end solution that will allow lenders to execute a loan package electronically while also meeting all requirements for re-sale on the secondary market while also:

• reducing operating costs with no need to fax, ship, scan, copy, store or handle paper manually;
• eliminating errors and reducing processing time; and
• limiting your organization’s impact on the environment, reducing your dependency on paper.

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As a financial professional for over 25 years, it becomes more evident every day that SaaS is a strong and powerful model designed to help companies of all sizes easily adapt and adopt new technologies while growing their business.  In today’s tough economic climate, companies need to do more with less.  Companies operate with smaller staffs, attempt to limit infrastructure investments, and are continually pressured to outperform their competitors. For many, SaaS is the answer and rightfully so.

In developing and executing any business plan, so much needs to be accomplished with limited resources.  eOriginal’s SmartSign® Web electronic signature solution does just that… help businesses thrive by streamlining their processes and allowing businesses to do more with less resources in a shorter period of time.  As Controller, I have watched our company migrate to many web-based applications including our financial accounting software, payroll services, email services, marketing campaigns, internet presence, web traffic monitoring, and so much more.  

In today’s world, software providers are continually bridging the gap between desktop applications and web-based applications where SaaS was thought to be too risky or underdeveloped.  Web-based applications have reduced the need for heavy infrastructure, intensive IT staffing, eased cash flow requirements, and greatly reduced set up times.   SaaS applications can be deployed in a matter of days allowing businesses to spend resources on other areas of their business playing a key role in the business’ success.

I firmly believe SaaS applications provide some of the most powerful and efficient tools available to companies.  The savings for a larger and more complex company only exponentially grow.  eOriginal® is both a scalable SaaS provider, enterprise solution provider, and consumer ourselves of several SaaS providers.  The model works in many environments and its applications are limitless.

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Using an electronic signature process results in a “greener” company…in more ways than one.  From an environmental perspective, paper has been eliminated and mailings are reduced.  There are less resources being consumed, yet more contracts are being signed.  That’s the other “green”.  Sales reps close deals faster, and customers will use your products and/or services much quicker.  Repeat orders come in rapidly, which means your company is moving products faster and your customer satisfaction levels are higher.  All of this happens because of the efficiencies gained through the use of electronic signing.

Besides the benefits listed here, upgrading your paper process to an electronic one also adds more flexibility and cash flow into your existing infrastructure.  Resources and funds are now able to be allocated towards something other than filing, maintaining or storing documents.  And, because of the increase in productivity most businesses find themselves able to move ahead in directions they thought would have been years away while using a paper process.  Faster contract close times, a lighter environmental footprint and more satisfied customers are the benefits you can look forward to when adding electronic signatures.  Actually, using an electronic signing process may make your competition turn green…with envy, if they are still using paper to close deals.

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