DOCUMENT MANAGEMENT PORTAL - BENEFITS

BENEFITS-BUSINESS

Simplification of its business processes requiring important document management

Offsite back-up of all its important documents (document insurance policy)

Reduction of document storage issues

Reduction in support staff requirements and related costs

Improved access to information improves workflow of auditors and other outside counsellors

BENEFITS-DIRECTORS

Easy access to everything a director needs to know

Efficient way of controlling director's liability

Provides easier management of director's meetings

BENEFITS-EXECUTIVES

Less dependant on support staff

Good contract management tool

Built-in notification process for important reminders

Improved group workflow

BENEFITS-SHAREHOLDERS

Potential increase in the value of the business due to the orderly state of its information sources

Reduction in due diligence costs in the event of a sale of the business

Strong argument for lowering the indemnification amount a vendor must agree to in favor of purchaser when selling the business or the duration of the indemnifaction period