18 Jul Choosing Board Portal Technology
Board governance is based around the schedule of regular meetings. No matter if it’s quarterly, bi-monthly or monthly board meetings allow leaders to do important work in the context of annual strategic responsibilities, such as policies and compliance, budget & audit, appointments and elections.
A good portal for boards allows administrators and board members to access meeting materials, documents, and other documents from anywhere on any device. This makes it simple for the entire board to plan and hold productive meetings.
In addition to being a great tool to prepare for meetings, board portals also provide an easy and secure method to share and archive documents. Directors will no longer have to browse through email attachments for the documents they require. The top board portals provide advanced security features that make it impossible for criminals to gain unauthorized access to sensitive information. This includes 256 bit AES encryption, multi-factor authentication, and GDPR compliance.
There are numerous board management software options available but not all of them are created equal. When deciding on the best option for your business it is essential additional resources What can give digital data room with data room software to carefully consider all options. Talk to prospective vendors during demonstrations about their ease of use and where to get started. You don’t want to spend the time to learn how to use a new tool particularly in the event that your board is pressed for time.
Be sure to take into consideration the pricing model of a vendor and whether they charge additional administrators and users, training or amounts of storage of data. Some vendors offer trials that help you decide whether the product will meet your requirements.