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OpenTrust Reduces The Business Cycle for a National Temping Employment Marketplace
February 2010 by Marc Jacob
OpenTrust, the Next-Gen IT security software publisher, announced that it has digitalized all paper workflows for an online marketplace that handle all electronic documents from quote inquiry through to invoices. The marketplace was initiated by a consortium of leading temping agencies and their customers nationwide.
OpenTrust’s Digital Signature solution was deployed to secure the legal value of electronic contracts and transactions with electronic signatures. The e-platform has cut the running cost by over 3 million Euros a year when compared to traditional paper processing methods.
The use of digital signatures reduces delay in processing to a few hours from an average of 3 weeks and reinforces the legal conformance because temporary employment contracts are in place and legally validated prior to the employment period as required by law. Before, this was a real challenge with regular mail & paper.
More and more organizations are choosing to automate business processes and eliminate paper. A paperless environment increases efficiency, reduces storage space and paper-related costs and is more environmentally friendly.
Today, thousands of users from 5,000 agencies connect to the system to securely sign a multitude of transactions with internal or external parties. Over a million legally binding contracts have been signed by the system. One agency set a record by signing 3000 individual electronic employment contracts in a single morning.
“The OpenTrust Signature solution addresses all organizations that are automating business processes and require e-signatures. It is a simple, strong and secure solution for digital signatures and is seamlessly integrated into the most common IT systems deployed around the globe today” said Olivier Guilbert, CEO of OpenTrust.
