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Solutions Overview
Electronic commerce is a revolution unfinished. Considering the increased use of intranets,
extranets, electronic file transfers, e-forms, workflow, electronic data interchange (EDI) and related networking technologies, electronic integration among business partners, suppliers and customers appears to be on
the rise and progressing. However, the promise of electronic commerce to usher in a more effective and efficient means of conducting business - with all the benefits remains unfulfilled. The reason: trust and security -
feeling comfortable and secure in knowing who you are dealing with and that the content of the vital document (the asset) is authentic and protected. Paper survives the electronic revolution because it does
provide the trust and security: the enforceable proof of agreements between parties in commercial transactions. In traditional commerce, paper documents provide a legal trail of contractual arrangements and ownership.
Paper controls such as signatures, safety paper (checks), Notary Public seals and original documents authenticate the identities of the parties involved and and the content of the documents. In a purely
electronic environment, where parties to a transaction can be thousands of miles apart, these trust and security controls do not exist. The traditional, legally accepted methods of identifying the originator are:
physical presence, blue-ink signature, personal witness or Notary Public seal. Distinguishing an "original" electronic document from identical electronic copies is difficult because of lack of evidence on the
documents' chain-of-custody. Privacy and confidentiality can't always be assured because there are no electronic equivalents of "sealed envelopes." Because "blue-ink" signatures are still
required on most critical documents to render them legal, even the e-commerce early innovators and the electronic-savvy organizations still maintain a separate paper system to track and record transactions. Whatever
momentum companies are enjoying from conducting business electronically - like faster time to market; increased productivity; improved customer service; enhanced risk management; reduced overhead; faster production
cycles and continuous process improvement - is severely limited by holding on to that piece of paper. The commercial equipment leasing industry is paper-intensive and complicated by duplicative, labor-intensive
processes. Filing documents with federal government agencies has always been an exercise in paper overload, prompting the Clinton Administration's recent initiative to require intensive support for electronic filing and
records management. The pharmaceutical industry struggles with submitting truckloads of documentation to the FDA to gain approval for new drugs, a process that can take up to 15 years. And, the real-estate financing
process involves a large cast of participants ranging from loan officers and title companies to credit bureaus and government agencies, each of which ends up shuffling and mailing the same stacks of paper. e
Original, Inc. brings the only 100%, end-to-end e-commerce solution to the market place. Return on investment can be achieved within one year of implementation. The eOriginal™ system will allow
businesses to accelerate time-to-market; increase overall productivity; enhance customer service; improve risk management and achieve continual process improvement. True e-commerce will have a profound effect
on traditional business practices. It will enable one to sell or trade any asset, anytime, anywhere. |
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