Every organization has its own governance culture and list of priorities, yet all stakeholders see real value from a well-planned corporate data flow, especially in a digital business environment. To help legal, business and financial leaders shift gear in corporate governance, we collaborated with Corporify on a 5-step strategy paper for digitizing legal entity and shareholder management. Get your copy!
Whether assigned to the legal team or a business unit, people entrusted with corporate governance tasks are responsible for efficiently coordinating all legal entities of the group: holdings, operational companies, SPVs, subsidiaries, and branches. Carefully designed data flow and reporting are also inevitable in this context.
While generating detailed overviews of ownership structures, voting rights, and governance bodies is – to some degree – doable manually, these routine tasks are not only tedious and time-consuming but also require accurate data. Modern corporate housekeeping enables organizations to:
- keep all legal entity-related information up-to-date in a digital platform,
- track transactions, and
- automate repetitive work processes.
5-Step Strategy
InvestCEE previously prepared a detailed software review of corporate housekeeping tool Corporify, hence we have a good understanding of the features and functionalities offered by their platform. These have been carefully aligned with actual client needs in terms of digitizing corporate administration, ensuring data security and streamlining collaboration with stakeholders. The 5-step strategy is based on best practices for data-driven legal entity management in an increasingly digital working environment:
➤ Step 1: Collecting corporate data in a “single source of truth”
➤ Step 2: Creating a data portal for business stakeholders
➤ Step 3: Keeping corporate documents under control
➤ Step 4: Automating standard and repetitive workflows
➤ Step 5: Mastering corporate reporting
Let’s Discuss Strategy!
With our trusted solution partners, we like to create a secure and innovative ecosystem where legal professionals, business leaders, financial advisors and technologists can collaborate to implement smart solutions and drive digital transformation in their organizations. We regularly host free webinars and product demos to showcase platform functionalities and help integrations with the existing IT architecture in organizations.
The 1-hour webinar with Corporify helps adapt the 5-step strategy to a specific corporate use case – join in or register to access the recording:
Implementing Digital Corporate Housekeeping
Adding a new tool to corporate operations and integrating with existing IT infrastructure may put legal, business and tech teams under pressure – unless a smooth transition is carefully designed and rolled out. Therefore, the strategy paper also sets out 4-keys for a swift transition to digital corporate housekeeping:
➤ Key #1: Kick-off call and onboarding workshop
➤ Key #2: Data migration support
➤ Key #3: Data validation and training
➤ Key #4: Roll-out and optimization assistance
With all of these free resources, our aim is to share the exact skills corporate governance teams need for a more efficient and effective corporate housekeeping routine. To get started, get a copy of the strategy paper, access our webinar content or get in touch with one of our advisors directly (or via the below contact form) to explore opportunities in digitizing legal entity and shareholder management in your organization.
If you have any questions about the 5-Step Strategy Paper, or would simply like further guidance with use cases and implementation, leave us a note below!
