How to Choose the Best Board Portal Software for Business
A modern board portal is a vital tool for businesses, helping to save time and money while also facilitating better communication between leaders. With so many providers available, identifying the best solution may be difficult. This article will provide crucial questions you should be asking prospective suppliers to select the most suitable solution for your organization.
It is crucial that the service provider of the board portal you choose to use is transparent about their plans and is open to feedback from users. This is particularly important in light of the risk of cyber-attacks. McAfe estimates that these cost businesses more than $1 trillion each year.
Look for a board portal that is user-friendly for all members regardless of their level of tech proficiency. This will save admins’ time during training and onboarding, and allow for more efficient board meetings. To streamline your governance process, choose a portal that offers powerful dashboards, calendars integrations and eSignatures.
Directors often take notes or add annotations to documents they’re reviewing when they are preparing meetings. It is essential that the software for managing your board you select allows this, and also has the audit trails needed to settle any future disputes swiftly and easily.
Finally, your board portal should be equipped with questionnaires to assist you in completing annual D&O processes and COI surveys. They should be simple to use and provide an efficient turnaround time for both members and administrators. It is also recommended to look for an option that has a permanent purge to ensure that any annotations and comments are removed from the portal after the meeting is over and the document no longer needs to be used.
