Corporate Governance Online Tools

Establishing a solid corporate governance system requires putting in place tools to support your board members in their work. Effective tools will allow you to record minutes, distribute them and keep track of meetings, and ensure that all relevant documents are tagged. This allows you to give the required information to shareholders and members and provide transparency on how the company is managed.

You can create an online board calendar that all directors can use. This http://boardroomsoftware.net/choosing-the-right-board-meeting-tool-for-your-firm/ will allow them to access agendas and documents prior to meetings. It is also possible to utilize it to keep track of resolutions that are voted on at meetings and automatically create a minutes record. Another great feature of a good online tool is the ability to conduct a self-evaluation on your board, which helps with assessing the performance of your board and will assist in identifying areas of improvement.

A good tool can allow you to use version control and data lineage, which gives you the complete view of your data. It also allows you to keep track of how data is utilized and managed within your organization. Another advantage of a quality online tool is EDICOMLta which is a service offered by EDICOM which provides long-term archiving and the highest security standards to ensure the security of your documents, providing credibility for third party compliance processes. EDICOMLta can be utilized in conjunction with invoice approval solutions to streamline the management of received invoices, reducing client, supplier and employee response time while providing greater transparency to documents exchanged internally.