Board portal software is an online application for managing the people and processes that plan, document and govern meetings between a board of directors and its management team. It gives secure remote access to meeting materials from any device connected to the internet. Board members can log in using any browser on the internet or mobile app on their iPhone, iPad or other tablet. This means they can access meetings and documents at any time and from devices they use regularly for work or leisure.
A portal for boards can reduce paper use, increase director engagement, and offer secure online collaboration tools that help improve the governance process. It also helps to save time and money by replacing expensive printing, shipping and emailing of physical materials. A good board portal lets administrators set up permissions and to create one source of truth for all information. This increases transparency and accountability.
It is essential to assess the features that will be the most valuable for your business when selecting the best board portal. Choose a product that has high ratings and a lot of positive reviews on reputable independent review sites for software like Capterra and G2.
Modern board portals offer a full set of security and collaboration tools that are simple enough for administrators to use, but provide real value to boards of directors. Board portals allow directors the ability to comment on documents and other files in real time and simultaneously without https://boardroomplace.com/benefits-of-the-board-management-software/ having to search through emails and attachments that can be easily lost or confused. This allows you to better prepare for meetings and attend them and ensures that board members are using the most up to updated versions of documents when they are travelling across continents or countries.