CoSign Electronic Signature Solution Enables Herbalife International eInvoicing Initiative.PLEASANT HILL, Calif. -- Leading wellness provider, Herbalife, is using CoSign cosign v. to sign a promissory note or other obligation in order to share liability for the obligation. , Algorithmic Research's (ARX) digital signature appliance, to sign e-invoices in compliance with an EU Directive (European Union Directive) A set of privacy requirements that took effect in 1998 and ordered European member nations to enact compliant legislation. It deals with the establishment of Data Protection Authorities, people's rights to personal information and enforcement. for Electronic Signatures and the European VAT Directive. ARX, a provider of electronic signatures and data security solutions, installed the appliance at Herbalife's offices in Luxembourg. "ARX's CoSign will provide our financial department with sophisticated electronic signature capabilities," says Theo de Klein, IT Director, EMEA (Europe, Middle East, Africa) Refers to that region of the world. For example, one might see products packaged differently for the UK, EMEA and Asia Pacific markets. , Herbalife. CoSign allows users to electronically sign documents using strong standard electronic signatures within applications such as Microsoft Word A full-featured word processing program for Windows and the Macintosh from Microsoft. Included in the Microsoft application suite, it is a sophisticated program with rudimentary desktop publishing capabilities that has become the most widely used word processing application on the market. , InfoPath, Excel, Adobe Acrobat and AutoCAD. These signatures replace handwritten hand·write tr.v. hand·wrote , hand·writ·ten , hand·writ·ing, hand·writes To write by hand. [Back-formation from handwritten.] Adj. 1. signatures, sealing them with legally-binding signatures as well as saving on costs and time associated with paper-based processes. Combining CoSign's electronic signatures with PKI (Public Key Infrastructure) A framework for creating a secure method for exchanging information based on public key cryptography. The foundation of a PKI is the certificate authority (CA), which issues digital certificates that authenticate the identity of (Public Key Infrastructure), a standard, mature and proven technology, ensures signer authenticity, data integrity and non-repudiation of documents. CoSign's electronic signature for eInvoices solution provides simple and trustworthy digital signatures enabling organizations to instantly complete the e-invoicing process as stipulated in the EU Invoicing Directive in December 2001. This simplified the required content of tax invoices, removing barriers to the electronic transmission and electronic storage of invoices. By January 2004, all invoices sent electronically were accepted as legal VAT documents within the EU, provided the authenticity of the origin and integrity of the contents are guaranteed by an electronic signature or electronic data interchange See EDI. (application, communications) electronic data interchange - (EDI) The exchange of standardised document forms between computer systems for business use. EDI is part of electronic commerce. . ARX's BatchSign software is an additional benefit for organizations that have to sign thousands of documents a month, simply by dragging and dropping the files into the application. "CoSign can process hundreds of thousand of documents per hour, meeting any organization's eInvoicing and eArchiving demands well into the near future," says Noam Pa'il, Sales Manager, ARX. About Herbalife Herbalife is a global network marketing company that sells weight management, nutritional supplement and personal care products intended to support a healthy lifestyle. Herbalife products are sold in 61 countries through a network of more than one million independent distributors and celebrated its 25th anniversary in 2005. In 2004, the company had net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of $1.3 billion. More information is available at http://www.herbalife.com About ARX ARX designs and implements easy to use, simple to deploy, digital signature and security solutions, combining software and hardware products, for small, medium and large computing environments. Please visit http://www.arx.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion