ARX Electronic Signature Invoice Solution Selected by Pazomat

Pazomat, the largest computerized fueling company in Israel, has taken delivery of an electronic invoice system secured by a electronic signature solution developed by Algorithmic Research (ARX), a leading worldwide provider of electronic signatures and data security solutions.

Information security solutions integrator, and ARX VAR, SecureNet, was selected by Pazomat to implement the deployment of the electronic invoice system - a first for the Israeli market.

Replacing the traditional paper invoice, ARX's solution allows Pazomat to issue electronic invoice files to customers using email, the contents of which are signed and sealed by an electronic signature instead of sending a paper invoice.

"The solution allows Pazomat to send receipts, invoices, credit notices and tax invoices to its customers via email instead of printing and sending them by snail mail," says Nir Gorman, IT Manager, Pazomat. "This will result in tremendous saving on costs and significantly enhance organizational efficiency for Pazomat.

"The electronic invoice system acts as an interface to Pazomat's back-end systems which are in turn linked to ARX's hardware appliance, allowing Pazomat to process and digitally sign the invoices automatically, finally sending them directly to the customer within an email," adds Gorman. "The ability to electronically receive accounting documents ensures the processing of data directly into our accounting system, saving us the costs of filing, archiving and storage."

"Our technology offers users the ability to ensure the data-integrity of any signed document as well as 3rd-party application support and provision for the non-repudiation of business processes," says Gadi Aharoni, CEO, ARX. "Boasting fast deployment and virtually zero management, our network-attached appliance is easy-to-use and tamper-proof."

"Deployment of the electronic invoice system for a company such as Pazomat, which handles tens of thousands of invoices a month, is a strong example of the benefits to be had from such a solution," says Avi Nagar, Securenet CEO.

Electronic invoicing solutions have become possible thanks to the approval given in the Israeli law by the tax authorities in 2003, to allow the use of electronic invoices provided they are sealed with advanced or qualified digital signatures by the issuer of the document.

Pazomat is a subsidiary in the full ownership of Paz. Pazomat was founded in 1986 for the purpose of filling the need of fueling the car fleets of small and large businesses. Pazomat specializes in solutions of command and control over the company's vehicle expenses.

Pazomat, which is the largest computerized fueling company in Israel, operates as the only credit company in the energy field. The company makes use of an independent processing system supported by its own computer systems.

Pazomat customers enjoy a total solution to management of vehicle expenses, under one roof, beginning with service, continuing with security and through issue of Pazomat cards. In addition, a customer contacts department unique to the energy field is made available to customers, which provides direct, commercial solutions without use of any intermediaries.

For more information, www.paz.co.il/en/pazomat.asp

About Algorithmic Research (ARX)

Algorithmic Research (ARX) is a leading global provider of electronic-signature and data-security solutions. The company offers a wide range of high-end and state of the art products and services designed to simplify, secure, and accelerate electronic transactions. ARX specializes in designing and implementing easy to use, simple to deploy, electronic signature and security solutions, combining software and hardware products, for small, medium and large computing environments.

ARX has more than 18 years of experience in assisting financial institutions, governmental organizations and commercial sectors to secure and streamline their processes and transactions.