A board portal is specialized governance software that securely and safely provides digital board packs to directors and their organisation’s secretariat. They are automated and efficient which allows for better collaboration as well as enhanced discussions and decision-making. They also help align all stakeholders around the strategic direction.
They also save time and money by decreasing printing, couriering email and meeting preparation costs. Board members can access documents from the board and exchange messages using an encrypted, in-app messaging system, even when they aren’t in the office. They can prepare for meetings and sign documents online or in-app, and use the video conference integration for virtual meetings if they’re unable to attend in person.
What to look for in a board portal
Ask potential vendors to provide demonstrations, as well as detailed, complete troubleshooting tips on their website. They are also expected to give you a full estimate that includes all up-front and ongoing expenses. Pricing models may differ and based on flat rates features or the number users. It is important to compare.
Security is the most important factor in determining the quality of a board portal. It should be able to secure data during transport and in rest, and permit an extensive control of access rights and authentication. It should also have a disaster-recovery plan that includes a guarantee of uptime and go through regular external audits to ensure privacy, availability, and integrity.
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