Why Use Codel?
In this electronic age there is a growing need to prove the authenticity and integrity of digital objects such as documents, voice, files and images. Recent high-profile corporate fraud cases such as Enron and MCI Worldcom, legislation such as Sarbanes-Oxley and the Freedom of Information Act have driven the need for strict compliance with corporate governance initiatives (e-compliance). This essentially means providing controls to prove the authenticity of records and their integrity.
Digital images (particularly CCTV) are being produced in evidence in courts of law; recently, voice, in the form of phone-tapping, has been deemed admissible.
Electronic commerce of all types requires security mechanisms to prevent digital objects from being tampered with and employs certification and verification systems to protect originality. However, these systems are expensive and sometimes proprietary and, to be effective, they usually require the user to place their trust in a third party over whom they have no control.
Codel Provides the following benefits:
- Improves efficiency
- Saves money
- Faster, more secure transactions
- Easier compliance
- Less use of paper
- Improves brand integrity
- Helps to resolve disputes
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