“When you’re dealing with large investments, the importance of signing contracts quickly and efficiently is paramount,” said John Berton, co-founder and managing partner of Georgian Partners.
The goal: Collect signatures from as many as 40 parties, sometimes in as little as one day
The problem: Investors and other signers travel frequently and paper made it difficult, if not impossible, to close deals on time
The solution: The Silanis eSignLive™ cloud e-signature service enables busy professionals to e-sign documents from any mobile device, at any time and from anywhere
The results: This growth equity firm is more competitive and more appealing to do business with Georgian Partners is a growth equity firm investing in expansion and later stage enterprise software and information aggregation companies. This company now makes it easier and more convenient for their investors to close business deals faster and with greater security. Georgian Partners uses the Silanis eSignLive™ cloud e-signature service to complete high-value investment transactions online, as soon as the contract is ready.
“When you’re dealing with large investments, the importance of signing contracts quickly and efficiently is paramount,” said John Berton, co-founder and managing partner of Georgian Partners. “We were impressed with just how convenient and easy it was to sign contracts electronically using eSignLive, even though there were multiple parties and documents involved.”
In a global economy where investors frequently travel, returning paper signed documents on time in order to meet rigid regulatory or contractual deadlines can be a challenge – especially when there can be as many as 40 parties involved.
“These are extremely time-sensitive documents. We often have only one day to meet the deadlines set down by regulatory bodies or by our own business negotiations,” said Berton. “It used to take quite a bit of time to manage the paper signing process, and make sure that everyone reviewed the appropriate documents and signed correctly.”
Using the Silanis cloud e-signature service, the company’s investors now easily and securely review and sign documents such as shareholder and investment agreements, non-disclosure agreements or purchase of sale contracts over the web from any mobile device. The e-signature software also allows the user to set the order in which documents need to be signed, as well as highlighting all fields that require information, so complex documents are completed correctly the first time.
According to Berton, “There was absolutely no hesitation around electronically signing off on a transaction worth millions of dollars using eSignLive.” For Georgian Partners, Silanis’ unique and patented Process Reviewer™ audit trail technology sealed the deal. It captures secure and easy-to-understand legal evidence necessary to defend electronically signed agreements if ever they are challenged in court.