Business Rescue Practitioners across the country are grappling with the advent of the new normal and how this pertains to the rights of creditors during the voting process.
The future of creditors' and employees' meetings will be online or a combination of physical and online. Voting can no longer be a show of hands and a manual calculation based on a physical voting form.
brpa (business rescue practice administration) have developed a solution that allows users to be registered, after being invited by the business rescue practitioner, and then vote on the platform. The business rescue practitioner then gets a real time tally of the votes based on the weighting assigned to each creditor.
The site is secured and complies with the latest POPI guidelines.
Online Voting
Voting can be done on any on-line device whether a tablet, phone or laptop.
- real time results of voting
- on the fly proposals can added for immediate voting
- proxy votes are catered for and only one vote per creditor will be applied (even if more than 1 vote is cast)
- a full audit trail is available
- confirmation emails are sent as votes are made
Communication
As part of the process of administering a rescue, regular communication to creditors, employees and stakeholders is essential.
- easily create a fully formatted email
- simple selection of recipients
- full reporting of emails sent, delivered, opened (read receipts) or clicked
- easily searchable results set
Contact Iain Stockill at iainstockill@rsadvisors.co.za or 071 603 8062 to assist you in setting up your business rescue practice to take full advantage of this innovative system.