The best board portal providers offer a secure platform that eases collaboration and information flow for administrators, corporate secretaries, and directors. They let board members prepare for meetings, share materials, record minutes and circulate action items, all in one location. They also help support the most important principles of governance by providing an unquestioned “single source of truth” for all documents of the committee and board regardless of whether they are kept in physical or electronic form.
Selecting the best online board meeting software is critical for any business looking to improve efficiency, effectiveness, and security. Think about the user experience when selecting a provider and if it works with any device (including tablets and smartphones) to ensure convenience. Also, look for an option that allows users to work offline (e.g. during outages or on vacation) that will sync automatically when the board member comes back online.
Board portals are used by a variety of organizations, from non-profits to financial services and everything between. They have become indispensable for improving the efficiency and governance of many organizations. They are typically used to facilitate board meeting and committee meetings. However they can also be utilized in many different ways.
For instance, a charitable organisation can use a board portal to collaborate on fundraising, strategic planning, and volunteer events. A private company however can utilize a board-management tool to archive confidential financial forecasts, investor pitches decks, as well as collaborate with founders and seed investors on venture ideas.
