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BoardVantage has been an immediate hit with our directors. We...appreciate the flexibility of this system, especially for remote directors. We can even continue with time-sensitive processes, such as approvals, in between meetings.
Menlo Park, CA (September 7, 2006) — Oriental Financial Group Inc., has implemented a board portal from BoardVantage for its board, in order to give directors a big boost in ease of use and increased personal productivity.
"BoardVantage has been an immediate hit with our directors. Its one-click access helps the board find their way through the system easily," said Mr. Jose Enrique Fern'ndez, Chairman of the Board of Oriental Financial Group. "We also appreciate the flexibility of this system, especially for remote directors. We can even continue with time-sensitive processes, such as approvals, in between meetings."
The Corporate Secretary's office also benefits with a user-friendly site for board archives, articles of interest, conference schedules and all other board and committee materials. By using BoardVantage, the Corporate Secretary's office has reduced the time it requires in communicating with directors.
Mr. Joe Ruck, President and CEO of BoardVantage commented, "2 years ago we set out to build a new breed of board portal; an application suite that supports the full scope of board work; user-friendliness that meets the tough standard of F-1000 directors and a toolkit that transforms the productivity of the Corporate Secretary office. It is rewarding to see such a substantial and complex enterprise like Oriental Financial Group, switch over to BoardVantage to move its board processes online.
Oriental Financial Group, Inc. (OFG) is a publicly traded financial services company headquartered in San Juan, Puerto Rico. It operates as the holding company for the Oriental Bank and Trust that provides commercial banking services primarily in Puerto Rico. The bank accepts demand deposits, savings accounts, certificates of deposit, and time deposits. It also offers consumer, commercial, and mortgage loans. The company, through its other subsidiaries, offers financial planning, investment banking, money management, investment brokerage services, insurance sales activity, corporate and individual trust services, as well as pension plan administration services. It also offers various types of IRAs, custodian accounts, and corporate trust accounts, as well as offers insurance products to its client base, such as fixed and variable annuities; and property, title, and life insurance. As of December 31, 2005, the bank operated 24 branches in Puerto Rico. It serves professional individuals and owners of small and mid-sized businesses.
BoardVantage is the leading provider of secure board portals, with 175 customers — including over 20 Fortune 100 companies. BoardVantage provides a secure and user-friendly Web portal for centralizing board documents, processes and communications. It also provides productivity tools for creating and distributing board materials efficiently. BoardVantage is SAS 70 Type II certified, and meets or exceeds the standards of the most security conscious IT departments, including those of major financial institutions. To learn more, visit www.boardvantage.com.
Maria Krinsky
KickStart Consulting, for BoardVantage
415-509-0498
pr@boardvantage.com
