SOURCE: Recombo Inc.

September 18, 2008 08:15 ET

Recombo Partners With Instant Software to Bring Interactive Electronic Agreements Into the Vacation Rental Market

Vacation Rental Companies Will Significantly Reduce the Time and Resources Involved With Preparing and Finalizing Vacation Rental Contracts With This Agreement in Place

VANCOUVER, BC--(Marketwire - September 18, 2008) - Recombo Inc., a leading provider of Interactive Electronic Agreements, today announced an agreement with Colorado-based Instant Software, the market leader in vacation rental software, that will bring change to the way vacation rental companies manage large volumes of signed agreements.

The alliance between Instant Software and Recombo will provide an integrated digital method that will significantly improve the efficiency of vacation rental companies by streamlining the once labor-intensive contract process. Currently, finalizing rental contracts for customers is inefficient due to a time-consuming manual process involving faxing or mailing various components of a contract for signature purposes.

Now, with the integration between Recombo and Instant Software, vacation rental managers can send digital agreements to renters located anywhere in the world with the click of a button. Renters sign the agreements legally via email using Recombo's technology, resulting in a seamless return to the vacation manager's Instant Software program.

"Instant Software is excited to be the first in our industry to offer integrated Interactive Electronic Agreements to our clients," said Ted Miller, COO Instant Software. "Electronic document signing significantly reduces the length of time and cost associated with completing transactions, which benefits the vacationer, management company and property owner."

In addition to its strategic partnership with Instant Software, Recombo also works with a variety of other vacation rental, real estate, and residential rental companies including Outer Banks Blue Realty.

"Agreement Express has drastically improved my operation's overall efficiency," said Tim Cafferty, President of Outer Banks Blue Realty. "My reservations agents no longer have to spend their time printing, folding, mailing, opening, faxing and copying hard copies of lease agreements. With just a few clicks, a lease agreement can be generated and delivered to a potential guest, which translates into easy follow-through. Recombo's interactive contracts system is already re-shaping the way our industry conducts business now and in the future."

With Recombo's Agreement Express™ system, businesses like vacation rental companies can send electronic versions of contracts to their clients, employees and partners that can be fully executed without printing, signing, faxing or couriering. Additionally, by sending documents electronically, firms save the mail and paper costs associated with traditional contracts. Interactive electronic agreements are signed and returned quicker than paper copies, and there is a significant reduction in agreement error rate and the number of incomplete agreements received. Interactive Electronic agreements also significantly reduce the risk and hassle associated with contracting by providing integrated services not possible on paper, such as ID verifications, real time payment processing and data extraction to excel.

"Our customer's have been instrumental in bringing us together with Instant Software and we're already helping vacation rental managers increase the speed with which they rent property, without adding administrative staff," said Mike Gardner, CEO of Recombo. "As the clear leader in the industry, Instant Software will not only help us do that more effectively for our clients, but they will make us an industry standard."

About Recombo Inc.

More companies in both Canada and the U.S. are embracing interactive agreement technology as one of the most cost-effective means of simplifying and safeguarding day-to-day business processes. From Financial Services to HR, companies that deal with contracts and agreements as a core part of their businesses have fully integrated secure electronic agreement technology into their practices, fulfilling legally binding services at significantly reduced administrative costs.

Recombo Inc. is a leading provider of interactive agreement and digital signature software. Agreement Express by Recombo is an online service that lets businesses complete any contract or agreement through email and the internet. Enterprises using Agreement Express are more effective, more efficient and reduce costs without investing in IT infrastructure. For more information, please visit http://www.agreementexpress.com.

About Instant Software Inc.

Instant Software Inc. (ISI), is the nation's leading provider of vacation rental management software, real-time online reservation and distribution systems and related services. The Instant Software product portfolio includes First Resort™, PropertyPlus™, Entech™, V12.NET™ and ISILink™. ISI has installed software at more than 2,200 property management companies and vacation rental resorts throughout North and Central America and the Caribbean. The company, which was the first in the vacation rental industry to bring real-time booking, serves more than 250,000 vacation rentals and provides more software solutions for more companies than any other in the USA.