BoardSuite, an integrated document management and organizational tool for directors, officers and shareholders, has announced a partnership with Australian Small Scale Offer Board (ASSOB) utilizing BoardSuite Crowdfunding Infrastructure Platform (CFIP) to help extend ASSOB’s existing commitment to cooperate transparency and compliance.
ASSOB is the world’s first equity crowdfunding portal operating for more than eight years. The portal has raised more than $136 Million for companies with 85% of those funded companies still operational and zero fraudulent fund raising activities.
“BoardSuite’s secure portal solution is a game changer for equity crowdfunding,” said Paul Niederer, president and CEO of ASSOB. “This partnership will allow our portal to screen companies faster, and provide tools to improve shareholder communications and transparency.”
Oscar A. Jofre, president and CEO of BoardSuite, believes the partnership will create an industry standard for compliance in companies seeking crowdfunded equities on online portals.
“We are thrilled to be working with ASSOB for their experience in equity crowdfunding, and because they understand the importance of governance and compliance in this new era of raising capital,” said Jofre. “ASSOB has demonstrated that capital raises managed properly can effectively attract capital through social media and relationship marketing.”
BoardSuite partners with equity crowdfunding portals to provide seamless end-to-end solutions through proprietary technology, CFIP Whether pre or post-capital raise, BoardSuite helps companies organize corporate and financial information for due diligence.
Companies listing on ASSOB can leverage BoardSuite to pre-screen themselves with background checks and corporate searches. Companies who have successfully completed a raise will also benefit by an improved and unique closing process that pre-populates all new shareholders in to a secure database for active document and information exchange.
“The BoardSuite and ASSOB partnership will allow private companies to create an ongoing relationship with their new shareholders unlike ever before,” Jofre said. “We’re eliminating e-mails and the risk of forwarding confidential information. And all shareholders receive the same information a the same time.”
BoardSuite enables management to manage, organize and share their corporate information securely. BoardSuite enables management to manage their documents, calendaring, people committees, contracts, and capitalization table.