IBM And Jack Henry To Offer e-ContractManagement

ARMONK, N.Y. - (06/20/06) – IBM unveiled a solution Mondayto manage the whole electronic contract online, from signing tomanaging IT contracts. IBM has been piloting its Contracts OnLinesystem with 700 partners and customers, including Jack Henry &Associates, the credit union outsourcer. Jack Henry said Monday itis close to standardizing its contract management on ContractsOnline and is currently managing contracts with 100 of itscustomers with the system. Developed by IBM Research, ContractsOnline relies on digital watermarks with signer names and dates,along with IBM’s WebSphere Application Server and its DB2database. The system also requires Adobe Acrobat Reader. The systemonline allows users to securely access, review and sign a contract,track its status, and see who made which changes to the onlinedocument. The system automatically sends emails to parties involvedin the contract and notifies them to review and sign thedocument.