A solid corporate governance structure requires putting in place tools to support your board members in their work. Effective tools allow you to keep and distribute minutes of meetings and track resolutions. They also help ensure that all relevant documents are identified. This lets you provide all the necessary information to shareholders/members of your company and provide transparency about http://boardroomsoftware.net/strategic-planning-models-with-their-pros-and-cons/ how your company is run.

A good online tool can allow you to set up a board calendar that can be used by all your directors, making it easy for them to access agendas and other documents prior to meetings. It also allows you to record resolutions that were passed during meetings as well as automatically create a minutes document at the conclusion of each meeting. Another great feature of a great online tool is the capacity to conduct a self-evaluation of your board that helps you evaluate the performance of your board and can assist you in identifying areas for improvement.

A good tool will allow you to apply data lineage. This gives you an entire view of your data. It also allows you to track the way data is used within your company and how it is governed. Another feature of a good online tool is EDICOMLta which is a service offered by EDICOM that offers long term archive and the most secure standards to guarantee secure access to your documents, offering credibility for third process compliance by third parties. EDICOMLta can be used together with invoice approval solutions to improve the management of received invoices, reducing client response times while offering more transparency in documents that are exchanged internally.