The top providers of board portals offer an encrypted platform that facilitates collaboration and information flow for directors, corporate secretaries. They help board members prepare for meetings, share documents, take minutes, and circulate action items in one location. They also help support the most important aspects of governance by offering an unquestioned „single source of truth“ for all documents for committees and boards regardless of whether they are kept in electronic or physical form.
The right online board meeting software is critical for any business looking to improve efficiency, effectiveness as well as security. Think about the user experience when choosing a provider and if it works with any device (including tablets and smartphones) for convenience. Also, look for features that allow users to work offline (e.g. during outages or travel) The board member’s data will be synced automatically once the board member is back online.
Many organizations use portals for board members from non-profits to financial service providers and everything in-between. They are essential to improving the efficiency and governance for many organizations. The most commonly used use is to facilitate committee and board meetings however, they can also be utilized to serve a variety of functions.
For instance, a charitable organisation may use a board portal to collaborate on fundraising, strategic planning and volunteer-related events. Meanwhile, a private company can make use of a board management tool to store confidential financial projections and investor pitch decks and work on new venture ideas with seed investors and founders.
