Guard-IT
Offers New, Paperless Account
Management Services
Exclusive Website
Functionality Handles Vital
Escrow Account Functions Online
AUSTIN, TEXAS (May 22, 2002)
– Guard-IT Corporation, a
leader and innovator in software
escrow services, has enhanced its
client services by adding online
functionality to create paperless
account maintenance. Guard-IT's
clients can now set up new escrow
agreements, update their contact
information, upload updates to
their deposit materials and
enroll new licensees to their
escrow account via Guard-IT's
exclusive Online
Service Center
("OSC") .
Guard-IT's OSC is the first of
its kind in providing
comprehensive, online escrow
account maintenance. The OSC
eliminates paper submissions of
standard escrow forms and the
client's need to maintain copies
of supplemental exhibits to their
escrow agreements.
"With the OSC, our clients
can update their information or
add a new licensee as a
beneficiary to their account at
any time, without printing and
mailing paper forms. We maintain
the account records for the
client and absorb a big part of
the administrative burden,"
said Jim Ford, Guard-IT's founder
and CEO. "All of the forms
previously needed to maintain
software escrow are now just a
bookmark in our clients' web
browsers," Ford added.
New York-based Caminus
Corporation (www.caminus.com),
NASDAQ: CAMZ), a recent addition
to Guard-IT's growing list of
clients, was an early adopter of
Guard-IT's OSC. Caminus develops
a suite of software for gas,
energy and pipeline companies in
the U.S., Canada and Europe, and
maintains multiple licensees to
each of its software products.
"Guard-IT's online
beneficiary enrollment form has
proven to be the most effective
way for submitting and keeping
track of new beneficiaries,"
said Samantha Kahn, product
distribution coordinator for
Caminus. "It is especially
useful when a new beneficiary
needs to be enrolled at the last
minute; it helps us avoid all of
the unnecessary paperwork. We
have found the online enrollment
to be one of the many perks that
Guard-IT offers."
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