IFN Systems and ARX Sign Cooperation Agreement to Distribute Electronic Signatures for Document Management

Algorithmic Research (ARX), a worldwide provider of electronic signature and data security solutions, has signed a cooperation agreement with IFN Systems, an application developer and integrator of document, content management and business process management solutions, to jointly market and resell ARX's CoSign® digital signature appliance.

CoSign provides organizations with an integrated solution that enables users to electronically sign documents using standard electronic signatures within applications such as Microsoft® Word, InfoPath®, Excel®, Adobe® Acrobat® and AutoCAD®, as well as document management systems such as FileNet, of which IFN is the exclusive Israeli distributor. Using electronic signatures, organizations may replace handwritten signatures, sealing documents with legally-binding signatures as well as saving the costs and time associated with paper-based processes.

"ARX's CoSign will help us meet the increased need for document management systems that ensure the contents of the document have not been altered or duplicated, thereby insuring data integrity and non-repudiation," says Yasmin Marom, VP of Sales and Marketing at IFN.

"Electronic-signatures are a critical component in the migration to paperless environments," says Ramel Levin, Product Manager at ARX. "Thanks to our agreement with IFN, companies that are already migrating to content management systems and workflow applications solutions can now authenticate their data without having to print, handle, fax, scan and archive paper documents using CoSign."

Basing CoSign's electronic signatures on PKI (Public Key Infrastructure), a mature and proven technology, ensures signer authenticity, data integrity and non-repudiation of documents enabled via a document management system such as FileNet.

Governments in both the EU and Israel have updated legislation to allow for the replacement of expensive paper invoices and other document archives with an electronic equivalent, provided the original documents are digitally signed during the scanning and eArchiving process. CoSign meets and even exceeds the requirement put forward by such regulations, as well as those mandated by major healthcare, financial, and pharmaceutical organizations such as: HIPAA, 21 CFR Part 11, among others.

IFN is a public, Israeli company, the largest in Israel in the area of content management, (Enterprise Content Management -ECM) and work process management (Business Process Management – BPM).

IFN is a representative of FileNet, a world leader in these areas. With the aid of IFN's advanced solutions, it is possible to manage data assets (paper documents, video, audio, pictures, Office, XML documents, email, etc.) and work processes, starting with simple processes through complex, cross-organizational and cross- systemic. Solutions the company has developed – WINS & WINFlow – integrate with operational systems, ERP systems and existing CRM systems in the organization and help provide a speedier and more efficient service. IFN's solutions can be tailored to the organization's size and specific needs.

Among the company's clientele are banks, insurance companies and agencies, financial and government institutes, telecom companies, colleges and universities, industrial plants, etc., to name a few: Bank Poalim, Bank Leumi, Bank Ben-Leumi, Clal insurance, Menorah Insurance Co., Harel Insurance Co., Tevel Digital, Partner-Orange, Mirs, Bezek International, Ministry of Defense, Delta, Golden Pages, etc.