Cegedim and CIC have announced that CIC’s electronic signature technology, powering Cegedim’s MAEA software suite, is now available for full commercial production. It shows that despite the current EU legislation on liberalised e-invoicing, electronic signatures are still in need. And they should be, as electronic signatures are still the safest way to provide legal certainty.
Cegedim and CIC currently deliver this cutting-edge and cost-effective solution in pilots in two major industrial sectors. In these solutions, CIC technology is handling e-signatures to place and approve electronic orders and invoices, as well as to approve payments.
CIC and Cegedim’s partnership initially focused on helping enterprises migrate their systems to the Single Euro Payments Area (“SEPA”), the European Union’s (EU) initiative aimed at harmonization of member state money transfer systems.
Cegedim’s innovative MAEA software suite, coupled with CIC’s electronic signature technology, is now in full production offering an end-to-end digital transaction management (“DTM”) solution for handling SEPA-compliant debit transactions.
Jean-Marie Simon, director for Cegedim:
“MAEA supports all the legal requirements and needs for SEPA-compliant payments and is targeted for major European creditors in all business sectors. And CIC’s electronic signatures represent a cornerstone of the drive towards dematerialization and of the proven cost savings afforded by straight-through electronic document processing.”
William Keiper, president and chief operating officer for CIC:
“We are proud of our Cegedim partnership and excited about the strong traction it has generated so far. Growing interest for our joint solution, as well as SEPA and continued EU Parliament action to advance the ‘Digital Single Market,’ bode well for accelerating adoption of electronic signature and related solutions across the EU.
“Our recent compliance with the ISO 14533-1 and ISO 14533-2 standards governing electronic signatures, underscores our commitment to support Cegedim in its efforts to maintain leadership in this dynamic sector.”