Software Technologies (STL) and the Institute of Directors (Kenya) are pleased to announce today the launch of STL’s eHorizon eBoard System. eBoard system is functionally rich and flexible systems for the communication and managing the boards of the companies. eHorizon eBoard System is a hosted solution which takes advantage of modern technology to lower the costs of software implementations. eHorizon eBoard System is developed by STL to facilitate and ease the work of board of directors. The system will further improve the capacity of board directors to oversee their businesses and institutions. It will further assist them exercise accountability to shareholders while acting responsibly towards their stakeholders. eHorizon eBoard System improves the board effectiveness while minimizing the time and paperwork involved in keeping the board informed and enhancing Corporate Governance.
Directors
face enormous challenges today as they endeavor to guide businesses and
institutions towards a better and sustainable future. They are equally under
enormous pressure to oversee the performance of their organizations, to detect
any threats to the viability of their businesses and to ensure timely and
effective measures are taken to change course should that be necessary for
improving performance or avoidance of potential calamities. They also are under
onerous obligations to account to shareholders for the performance of their
organizations while behaving responsibly towards their numerous stakeholders.
To be
successful in this regard they must have ready access to information both
internal and external to their organizations on a timely basis. In most cases
such information is never available or accessible when needed or available in a
convenient format.
eHorizon
eBoard system developed by STL is designed
to create an electronic platform that enables the directors instant access of
documents any where any time so the critical information is available to the
directors at the click of a button.
A number of
critical functionalities have been incorporated into the e-board System to
facilitate the work of directors.
Firstly
central information storage and retrieval facility for the boards:
This enables the board to determine and specify the information they want
uploaded into the system for easy access. This may include strategic plans,
marketing plans, risk management policies, other policy documents including
governance policies and instruments.
Secondly
dynamic information for each board meeting or committee meetings, boards need
to have loads of information in the form of printed papers before and after the
meetings. eHorizon eBoard system enables Boards to go green in real terms. With
eBoard system the boards can virtually have paperless board meetings. Directors
can access the information viz: Agendas, Minutes, Board Papers and all relevant
documents on their laptops or iPads, Reading Tablets or any other electronic
medium without printing a single paper during the meetings. Bulging paper board
files that take ages to compile and physical delivery to directors will become
a thing of the past. Directors unable to attend the meeting
can monitor its progress through audio or video links.
Next there
is a board performance evaluation module for facilitating board evaluation of
its own performance, and that of the chairman, non-executive directors and the
CEO. It makes the exercise easy and convenient as opposed to current manual
systems that make the process unduly complicated and unappealing.
The
additional facility is the compliance module. It enables directors to monitor
company compliance with the various requirements of industry regulators and
other statutory bodies such as, CMA KRA, NEMA and others. The facility is
particularly helpful in the more regulated sectors such as banking, insurance
and the pensions sector.
These feature
of the system are certain to
appeal to both boards and management is the convenience and ease in organizing
and managing information at board meetings.
Security of
the system is assured through web based access leveraging the security and
reliability to ensure the efficiency and effectiveness of the system.
A company whose board is interested in making
use of the eBoard System will enter into a user agreement with STL that will
guarantee it extraordinary levels of reliability and high degree of security. The system installation charges
and user charge are both affordable and reasonable. Training is provided both
for directors to use the system effectively and to CEO or Company secretary for
back office functionality.
Founded in
1991 by Mrs. Jyoti Mukerjee, STL has acquired a great reputation for software
development and marketing specializing in eHorizon ERP, eHorizon HRMS, eHorizon BOSA AND FOSA Systems among many
more. Recent addition to the list is eHorizon eBoard System. STL has been in
the group of Top 100 SME’s since last consequent years. They have their head
office in Nairobi and representation in several countries including Uganda,
Tanzania, India and Nigeria, Zambia and Ethiopia.
The
Institute of Directors (Kenya) is the professional association of Kenyan
directors dedicated to professionalizing the career of directors. It offers its
membership an array of benefits including continuing education, director
recruitment, board evaluation, mentorship for aspiring directors and networking
opportunities with their peers.
Accordingly
this partnership between STL and IOD (K) is founded the desire and
determination to enhance and facilitate the work of boards. Both parties are
convinced that the functionalities provided to directors by the eBoard system
will contribute significantly towards making our boards more productive and far
more effective. They are united in their view that better boards make better companies
and that better companies make a better country.
Jyoti
Mukerjee Lewis
Kamau
Managing
Director Chief
executive officer
Software
technologies Limited Institute
of Directors (Kenya)
3rd
March 2011.
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