BoardNexus Business Description: Companies of all sizes are under increased pressure to ensure that their Boards of Directors function as efficiently and as transparently as possible. Additionally, the demands on the time of Board Members have increased by at least 25% as the number of meetings, the length of meetings and the time required to prepare for meetings has increased. Ensuring that the Board of Directors has access to reliable, accurate and timely information is of critical importance. BoardNexus™ helps companies meet this pressing challenge.
BoardNexus provides tools that allow companies’ Boards of Directors to be more time and cost efficient. The BoardNexus™ Platform centralizes all board related documentation and enables Board Members to easily access and exchange documentation and communications before, during and after meetings, through our user-friendly and secure web-based platform.
Why will Board Members utilize the BoardNexus™ Platform?
Access to Board documentation from anywhere, around the clock.
Save time by allowing for easy and instant documentation exchange and communication
among Board Members.
Save time by allowing for easy and instant documentation exchange and communication
between Board members and company management.
Allow Board Members sufficient time to review and be fully prepared to perform their functions.
Allow for the various Board Committees to be managed separately in all its functions within the same BoardNexus™ Platform.
Build interest and stimulate discussions on important issues before meetings.
The establishment of an archiving history of Board documentation, enabling quick and easy access to Board papers, financial information and other documentation.
Why will Board Secretaries utilize the BoardNexus™ Platform?
Easily and accurately manage the flow of all Board-related information from a single location.
Save costs by reducing paperwork and courier costs.
Increase efficiency of meetings by approving budgets and minutes online and remind Board Members of open items beforehand.
The establishment of an archiving history of Board documentation, enabling the build up of an easily accessible database of documents.
Why will CEO’s utilize the BoardNexus™ Platform?
Ensure accurate and timely flow of information about latest company developments to all Board Members.
Save time and increase efficiency by allowing for easy and instant documentation exchange and communication with Board Members.
Improve the efficiency of Board meetings with more informed Board members and by minimizing the time taken on administrative matters.
Reduce Directors and Officers liability insurance premiums by highlighting efficient Board governance through the use of the BoardNexus™ Platform to reduce the likelihood of legal action.
Reduce auditing costs by making auditors more efficient through tracking of compliance and systems via the BoardNexus™ Platform.
Reduce financing costs by highlighting efficient Board governance through the use of the BoardNexus™ Platform and thereby benefiting from enhanced credit ratings.
Gain important public relations benefits by highlighting the use of our dynamic Platform as part of the company’s overall strategy to put transparent and efficient corporate governance at the top of the agenda.
Product/Services: The BoardNexus™ Platform is a flexible and easy to use web-based platform. Our BoardNexus™ Platform provides companies with all of the necessary tools to make their Board of Directors meetings and communications more continuous, centralized and efficient. Current features of the BoardNexus™ Platform include:
Information flow / document management
Powerful file sharing capabilities, allowing Board Members and company management to access and exchange information and documentation simply and securely.
A flexible and dynamic content management system also allows for the tailoring and updating of information such as latest company and industry news.
Communication tools
A suite of easy to use web-based communication tools allowing Board Members to interact with each other in real time, and otherwise.
Meeting management
A complete and user-friendly content management system, enabling the secretary of the board to more effectively manage board meetings.
Security and other features
High levels of security assured through encryption and other means.
A function allowing for the secure creation of multi-tiered password protected levels of access for each board member.
A complete ASP model, requiring no downloads, which will not conflict with existing firewall/proxy servers.
The Market: The target market for BoardNexus™ products consists of all publicly listed companies, large private companies in the USA and Europe as well as non-profits. The total number of such organizations with board of directors in the US is more than 75,000. BoardNexus™ will target companies with annual revenues greater than $50 million and non-profits with Funds greater than $10 million.
Strategic Relationships: BoardNexus™ has thus far entered into strategic partnerships with:
Bixler Inc. (www.bixler.com), develops web-based efficiency tools to improve and enhance corporate communications, process workflows, transaction management, and regulatory compliance.
Cooley Godward, LLP (http://www.cooley.com/), a national law firm with extensive experience with leading public and private companies. (Many of these companies have strong potential as BoardNexus clients.)
Gundersen Partners, LLC (http://www.gundersenpartners.com/), a leading management consultant and recruitment firm, founded in 1984. The firm focuses on marketing and recruitment services for both corporations and agencies, as well as recruitment for Board of Directors. They are present in New York, Detroit and London.
Multicity.com, Inc. (www.multicity.com), provides online communications, with applications that include internal and external communications, business-to-customer and customer-to-customer knowledge sharing, grassroots mobilization, customer care, marketing services and event management.
Raffa Associates (http://www.raffa.com/), the accounting, management consulting and technology services firm with a strong emphasis on the non-profit sector.
Posts
