In a business world that continues to grow and become more complex, corporations constantly need to face challenges and adapt. To meet the demands of the current digitization, the way forward for improved corporate governance is simple: It is called software solutions.
OECD have described corporate governance as « a means to create market confidence and business integrity. » Needless to say, that is something a software solution on its own will never be able to achieve. Though used as a tool, together with the human forces of a company’s legal and governance teams, it is an unbeatable implement to help the process of good governance excel.
How to ease corporate governance
Seeing as the ways of governing are constantly changing in the digital climate of today, an always up-to-date and secure online software service, such as DiliTrust Governance, is key to going forward. By centralising management of legal activities, it will ease the ways of corporate legal issues, managing practises and help to automate business purposes. All while keeping the human factor as the main significant and decision maker.
The administration, direction, and control of a business could compare to the most complex, but essential, organs of the human body. The heart, brain, and immune cells of a society would then be the body’s « corporate governance ». It involves a set of processes, protocols, laws, institutions, standards and regulations to make the whole frame work.
In a body, everything is connected. When something then stops to work, it will affect the rest of the organs. As a result, we get stressed and need to find a solution to make it run smoothly again. In corporate governance, a secure software is that said solution.
Take advantage of the governance services
With the help of software such as DiliTrust Governance, corporations can stay secure while straightforwardly governing their interests. All through the key organs, people can connect and produce important, sensitive documents with a full visibility of legal activities. Because the data is stored on secure servers it is all without any safety worries. To make things even easier, and stress free, the software is accessible through a normal web browser.
Here are some of the ways our software can help ease the processes for your corporation:
- Manage activities by offering broad visibility.
- Prevent the rate of risk and deal with them more effectively when they occur.
- Identify and deal with threats (legal, financial, organisational, environmental etc.)
- Accompany Board of Directors and management in all processes.
- Improve business and IT agility to cope with the growing complexities of the business world.
Get ahead of the risks involving governance software
There is however one thing that is essential to remember: Software solutions, no matter how efficient and effective, must not overshadow the human role in good governance.
There is a chance of “over-performing” when adapting the tools, and with an advanced software it is easy to give your blind trust. However, gradually losing belief in the human involvement in corporate governance might also cause whole operations to fall short. Technology should work hand in hand with man, not take over its responsibilities.
Publishers of software solutions in corporate governance should therefore never forget the human factor. Behind the machine there is always a person who ultimately makes the final decisions. At DiliTrust, our culture is first and foremost a business culture, technology being only a means, not a goal.
We should embrace technology but not become it, because technology is not what we seek, it’s how we seek! »
– Gerd Leonhard, author of the book Technology vs. Humanity, in an interview with Forbes.
Human contact remains a fundamental factor, even when IT tools take over governance. At DiliTrust, in addition to the secure software, we are armed with competent consultants. They are there to support through advice and training. If you’d like to know more about how our software works, connect with us to schedule a free Webinar.
When in doubt, always read more! Here’s our story on Sustainable governance, a new model for success?