Corporate activity is no longer only about engaging in business, there are various additional components that have a strong impact on corporate entities’ profit maximization ethos. Green activity, environment consciousness, natural resource consumption and productivity enhancement feature high amongst these other vital components. In an increasingly green and carbon friendly global environment, Nations Trust Bank plc (NTB) has taken the first step by initiating the move into a paperless boardroom.
Being a group of active professionals across a variety of disciplines, NTB’s Director Board are for the most part on the move and require a large information volume to be at hand at all times. With the Apple iPad Board Application, Board members will be able to access not only the current board papers but also recall past board papers at the click of a button, enabling decision making both simpler and faster.
The Apple iPad Board Application will also cut costs in terms of paper wastage, printing, couriering, etc. Now all board papers and related information will be available real time. Apart from cutting costs and ready data availability, the effect on the environment i.e. going paperless is a tangible benefit due to the conservation of trees. Endless copying of board papers is now a thing of the past.
The example set by NTB’s top echelons will no doubt be a standard to aspire among the industry. Indeed there are signs that the technology will be adopted by other bank boards.
This initiative is made possible by leading International mobile solutions partner Iron One Technologies which provide mobile solutions to several international companies including some Fortune 100 Companies. Iron One Technologies’ global status as enterprise solution provider in the USA with branches in the Asia Pacific Region lead to the firm establishment and success of NTB’s paperless boardroom initiative.
Speaking on the momentous move, NTB Chief Executive Officer/director Saliya Rajakaruna said, “This was well received and supported by our former Chairman Ajit Gunewardene and we as Board members are proud to be setting an example in this much needed green initiative. Our vision is to use other suitable technologies such as iPad and tablet based mobile solutions to enable correct and timely decision making across our entire banking and financial service sector. The Board Application is an innovative and useful application that helps the board member to receive, review and collaborate with ease even whilst flying.”
NTB is renowned for its innovative capabilities and the adoption of high end technologies in order to make banking more efficient and effective.
“We are proud to be part of this initiative and to be the first in the industry to launch this solution. The iPad solution has contributed immensely to streamlining the processes within the organization and has led NTB to move into a paperless boardroom.” said Company Secretary and Deputy General Manager Legal & Compliance Theja Silva.
“Mobile solutions’ success in banks may very clearly be seen in foreign countries. NTB is proud to be Sri Lanka’s first bank to incorporate these measures and we will most certainly be moving onto other similar ventures that will afford the best quality service to our customers,” said NTB Chief Operating Officer Rohitha Ganegoda.
NTB is one of Sri Lanka’s fastest growing banks. The Bank now has 48 branches, seven personal banking centres and is the sole issuer and acquirer for American Express cards in Sri Lanka, with a global reach of banking activities and close partnerships with leading international financial services providers.