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Feature Benefits
Securely closed transactions... at the speed of life.
For a thousand years, the physical handling and storage of paper documents has been the mainstay of all business administration.
As the world economy has expanded and become global, transacting business on a paper surface has become more and more difficult. In many cases paper processes became impossible (NYSE/NASDAQ) by the early to mid 1980's and forced a digital accommodation of authentic title transfer.
Today, all the technology related components are mature and in place - enabling future business administration practices to occur at the speed of life. Commerce is evolving to an "all electronic / all digital" environment because:
- Document transfers occur in seconds or milliseconds… transported over the Internet in digital form at almost the speed of light.
- Approvals and authorizations occur at origination and destination - with no traveling or waiting by Courier. The approving authority for any legally binding document simply affixes their valid digital signature as quickly as they are able to retrieve, review, and approve the document on their computer.
- Collating of all electronic documents for a completed transaction, such as occurs with Real Estate escrows, occurs automatically under the control of our "always accurate / never forgets" computer systems.
- All parties to a transaction are able to review the package from different locations at the same time or at times convenient to each.
- The order in which steps occur is totally controlled by the primary authority.
- Documents and files are no longer lost or misplaced. They are always "on the network" and available for instant retrieval by any authorized party.
- Completed packages are forwarded to "next step" processes instantly and only when complete.
- Annotations are easily applied to any document if the modification is allowed: an authorized party has control of the document and the approved "role" to modify it.
- Storage of hundreds of thousands and even millions of files is fully secure, compact - and in encrypted form. This saves thousands of square feet of office space formerly relegated to storage file cabinets.
- Retrieval of archived documents many years old is as fast and easy as if the documents were just filed yesterday. Audits will no longer shut down your office for weeks at a time.
- The security of all information is virtually absolute- visible only to authorized and trusted sources. Your firm will not be exposed to breeches of Federal confidentiality and integrity mandates such as Sarbanes-Oxley, HIPAA, Gramm-Leach Bliley, and others.
- Your firm will gain a competitive business advantage as well as dramatic administrative cost reductions.
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