Board portal software is an online tool for managing the processes and people that plan, document and regulate meetings between a board of directors and its management team. It allows secure remote access to the meeting materials on any device connected to the internet. Board members can login using any browser on the internet or mobile app on their iPhone, iPad or other tablet. This means they are able to access meetings and documents at any time and from devices they frequently use for work or leisure.
A board portal can cut down on the use of paper, increase director engagement, and offer secure online collaboration tools https://boardroomplace.com/benefits-of-the-board-management-software/ that help improve the governance process. It can also save time and money by replacing expensive printing shipping, e-mailing and physical material. A good portal for boards allows administrators to assign permissions and create a single source of truth for all information, which improves transparency and accountability.
It is crucial to carefully look over the features that will be most beneficial to your business when selecting the best board portal. Look for a software program that has high ratings as well as many positive reviews on independent review sites such as Capterra and G2.
Modern board portals offer a complete set of security and collaboration tools that are simple enough for administrators to use, but deliver real value for boards of directors. Instead of having to sift through emailed updates and attachments that can easily be lost or muddled boards of directors can use portals to allow them to comment on documents and other files, from any device or platform in real-time and simultaneously. This allows board members to attend meetings and prepare for meetings. They also have the most recent versions of documents, even if they are traveling across continents and countries.