A board portal is an online platform that enables directors and company officials to communicate prior to and during meetings. It also provides helpful tools that help to improve core governance principles like meeting efficiency as well as security and efficiency.
A board portal can save time and effort for board members and administrative staff by automating processes that are traditionally manual. They can then concentrate on preparing meetings and delivering high-quality governance in less time. It also allows for streamlined and more efficient communication with other directors across the nation or across the globe.
It's important that you understand what features your business requires and what's possible within your budget. The vendors offer varying levels of value. They can range from quantitative metrics such as cost to qualitative ones, such as ease of use and director involvement. You can make the right choice for your organization by carefully evaluating all your options and speaking to other colleagues about their experiences with various software for managing boards.
With a robust and reliable board portal, you are able to host all the necessary documents your board uses regularly in an encrypted document center. The files can be accessed only by the appropriate stakeholders, with permissions set based on the roles and responsibility. This is a great way to save money on storage and the requirement to use physical binding devices. A good board portal will also integrate with videoconferencing tools such as Zoom, Microsoft Teams, and GoToMeeting, so you have all the tools you need in one place.