A board portal is a system that allows directors as well as company officials to communicate before, during, and after meetings. It also offers useful tools to help improve core governance principles such as meeting productivity as well as security and efficiency.
A board portal can cut down time and energy for administrative staff and board members by automating processes that are typically manual. This allows them to focus on preparing for meetings and providing high-quality governance in less time. It also facilitates faster and more efficient communication with other directors across the country or even around the globe.
It is crucial to understand what features your business requires, and what is possible within your budget. Different vendors provide different levels of value. They can range from quantitative metrics such as cost to qualitative ones such as efficiency and director involvement. By carefully considering your options, and talking with colleagues about their experiences with different software solutions for managing boards You can make the best choice for your organization.
With a reliable and feature-rich board portal, you can keep all the essential documents that your board manages regularly in a secure document center. The documents are accessible to the appropriate stakeholders, with permissions that are based on the roles and the responsibilities. This is a great way to cut down on storage costs and the need for physical bindings. A good board portal will also integrate with videoconferencing software such as Zoom, Microsoft Teams, and GoToMeeting and you can have all the tools you need in one place.