NEW YORK, Sept. 17, 2015 (GLOBE NEWSWIRE) -- Diligent Corporation (NZX:DIL), the Software-as-a-Service (SaaS) based platform for the secure electronic production, distribution and collaboration of confidential information for boards, committees and leadership teams, today announced the availability of its Diligent D&O offering in the U.S. as signaled in Diligent's market announcement of August 11, 2015. The product module adds pre-filled and signed questionnaire functionalities to Diligent's suite of management tools, allowing governance officers to reuse content and expedite approvals. The new, paid features deliver greater efficiency in generating and updating questionnaires for directors, officers and administrators, streamlining the creation of Director and Officer (D&O) compliance reports annually required by public companies in the U.S.
"We began to see a need in the Director and Officer space for increased efficiency in what was traditionally a very manual, paper-intensive reporting process," said Brian Stafford, President and CEO of Diligent. "So we created a product module called Diligent D&O that offers our customers a one-stop, holistic platform for governance, reducing the number of tools needed for secure collaboration and eliminating redundancies in the production of annual compliance documentation."
Existing Diligent users can choose to add Diligent D&O to their current account. This means a single login will offer access to the full suite of corporate governance tools for boards and their committees, including Books, Questionnaires and Resource Centers. As with all Diligent offerings, the upgrade will allow approved administrators to manage access to the questionnaires platform, and will offer the same premium security and 24/7 service and support for which Diligent is known.
Diligent D&O enables users to pre-fill, publish and reuse questionnaires year after year, creating a more efficient process and minimizing the risk of errors related to version control. It also offers a unique set of analytics tools, allowing approved administrators to see which recipients have opened, started and completed the questionnaire, so they can follow-up as appropriate to manage outstanding actions, vote statuses and results.
There are benefits for questionnaire recipients, too. The tool allows users to resume precisely where they left off in the questionnaire after closing the program, and recipients can also access their prior questionnaire responses through the application once complete. There are also a number of printing options for those who prefer a paper experience, as well as to ensure physical and electronic copies are available for regulatory filings.
"This year, we used Diligent D&O to distribute and collect our D&O Questionnaires. The forms were easy to build and relatively easy to customize for each director and officer. Since our directors and executive officers already use Diligent for board duties, it was very convenient for them to fill out the questionnaires right on their existing portals," said Tanya Sestak, Paralegal II at Nu Skin Enterprises, Inc. a pre-release user of the new product module. "Diligent D&O has made it easy to save final questionnaires for our records, and with the forms already built, next year all we have to do is make minor edits and distribute again. In our fast-paced business world, we are all looking to leverage technology to save time and improve processes. Using Diligent D&O has helped us do both."
Diligent D&O is available beginning today. For additional information and pricing, please visit diligent.com.
About Diligent Corporation (NZX:DIL)
Diligent is the leading provider of secure corporate governance and collaboration solutions for boards and senior executives. Over 3,300 clients in more than 60 countries and on all seven continents rely on Diligent to provide secure, intuitive access to their most time-sensitive and confidential information, ultimately helping them make better decisions. The Diligent Boards (formerly Diligent Boardbooks) solution speeds and simplifies how board materials are produced, delivered and collaborated on via any device, removing the security concerns of doing this by courier, email and file sharing. Diligent is a publicly listed company (NZX:DIL) with nearly $US 100 million in annual recurring revenue, based on previously reported revenue retention rates. Visit www.diligent.com to learn more.
Safe Harbor Statement
Statements made in this press release that state Diligent's or management's intentions, beliefs, expectations, or predictions for the future are forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Readers are cautioned that these statements are only predictions and may differ materially from actual future events or results. All forward looking-statements are only as of the date of this press release and Diligent undertakes no obligation to update or revise them. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause Diligent's actual results to differ materially from those projected in such forward-looking statements. For example, if our new products and features do not fit with our customers' needs, our financial performance and revenue growth may suffer. Factors which could cause our actual results to differ materially from those projected in forward-looking statements include, without limitation, economic, competitive, regulatory and technological factors affecting Diligent Corporation's operations, markets, products, services and other factors set forth in the Company's Risk Factors included in its Annual Report on Form 10-K filed with the SEC on March 16, 2015.