Financial Technology

Financial Technology

January 25, 2011

AssureSign's Electronic Signature Software Increases Efficiency and Expedites Authorizations

As a multi-line regional property and casualty insurance company, Southern Farm Bureau Casualty Insurance Company (SFBCIC) has operations in Mississippi, Louisiana, Florida, South Carolina, Arkansas, and Colorado. To implement an electronic signature solution embedded within their insurance application, SFBCIC selected AssureSign LLC’s Electronic Signature Technology so as to ensure fast and easy processing of customers insurance applications online.

Florida Farm Bureau Casualty Insurance Company is the first SFBICIC subsidiary to implement AssureSign electronic signature software while the other subsidiaries across the states will gradually utilize it in the future.

During the sale of an automobile policy through its website, Florida Farm Bureau will make effective use of AssureSign’s Web-services to obtain electronic signatures, thus easing the signing process. The software allows the applications to be routed to applicants email or agent’s office for signature, which in turn triggers the policy creation and delivery to underwriting and imaging for archival.

With the digital tracking of the entire AssureSign Electronic Signature process, the complete audit trail of the delivery and signing process is available to user. As a result, users can have complete control over the signing process with the exact knowledge of the document receipts and about the person signing the document.

Once the signing process is followed from start to finish, SFBCIC receives notification about the completion of the process. Moreover, SFBCIC’s agents can take advantage of the AssureSign Web-based electronic signatures to deal with online customer acquisition and service process. This not only makes the sales process more efficient and timely, but also results in reduced costs associated with faxing and mailing documents.

In a release, David W. Brinkman, president and chief executive officer of AssureSign LLC said, “The true benefits of AssureSign electronic signature applications are recognized when they are deeply integrated with existing business applications, such as Farm Bureau’s policy system. This integration allows for document creators to automatically create documents from within existing applications, triggering front- and back-end workflow, so the entire process will save the organization both time and money, as well as creating a streamlined and simple customer experience.”

Providing Web-based and on-premise electronic signature software, AssureSign LLC’s innovative solutions enables users to obtain both written and verbal authorizations. Having the most integrated and feature-rich APIs, AssureSign’s solution features a unique, patent-pending technology leveraging forensically identifiable, biometric signatures or typed “certified” signatures.

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Carolyn John is a Contributor to TMCnet. To read more of her articles, please columnist page.

Edited by Janice McDuffee

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