The best providers of board portals provide a secure platform that eases collaboration and information flow for directors, corporate secretaries, and directors. They let board members prepare for meetings, exchange materials, take minutes and circulate action items, all in one location. They also help support the most important principles of governance by providing leading board portal providers an unquestioned “single source of truth” for all committee and board documents regardless of whether they are kept in electronic or physical form.
Choosing the right online board meeting software is vital for any business looking to increase efficiency, productivity and security. Think about the user experience when choosing a vendor, and whether it is compatible with any device (including smartphones and tablets) to ensure convenience. Also, look for the option to let users work offline (e.g. during travel or outages) The board member’s information will automatically sync once they return online.
Board portals are utilized by a myriad of organizations, from non-profits to financial services and everything between. They are vital to improving the performance and governance for many organizations. They are most commonly used to facilitate board meetings and committee meetings. However they can also be utilized in a variety of ways.
For instance, a charitable organization may use a board portal to collaborate on strategic planning, fundraising and volunteer-related events. Private companies can utilize a board management tool to store confidential financial projections and investor pitch decks, and collaborate on new venture ideas with the founders and seed investors.
