The best providers of board portals provide secure platforms that simplify collaboration and information flow for administrators, directors, corporate secretaries. They let board members prepare for meetings, exchange board meeting minutes materials, take minutes, and circulate action items in one location. They assist with the fundamental pillars in governance by providing a trusted, “single-source of truth” to all documents of committees and boards whether they’re kept in physical or electronic formats.
Selecting the right online board meeting software is essential for any company that wishes to improve efficiency, effectiveness and security. When choosing a supplier look at the user experience and whether it can be used on any device (including tablets and smartphones) for convenience and flexibility. Consider features that allow users to work offline (e.g. during outages or travel) The board member’s data will be synced automatically when the board member goes back online.
Board portals are utilized by a myriad of organizations, ranging from non-profits to financial services and everything between. They are essential to improving the governance and performance of many organizations. The most frequent use is to facilitate committee and board meetings however, they can be used for a variety of purposes.
For instance, a charitable organisation could use a portal for board members to collaborate on fundraising, strategic planning and volunteer-related events. Private companies can use a management board tool to keep confidential financial projections and investor pitch decks and collaborate on new venture ideas with seed investors and founders.
