03 Dic What is a Board Portal?
A board portal is specialized governance software that safely and securely delivers digital board packs to directors and their organization’s secretariat. Streamlined and automated they allow better collaboration, encourage better discussions and decision-making and assist all stakeholders to align around the strategic direction of the business.
They also help save time and money by cutting down on printing, couriering, email, and the cost of preparing meetings. The ability to access documents for the board and also communicate with an encrypted and secure in-app messaging system means that board members are connected to each other at all times even when they’re not in the office. They can prepare for meetings and sign documents online or in-app. They can also make use of the video conferencing feature to attend virtual meetings when not able to attend in person.
What to look out for when selecting a board portal
When you are choosing a board portal vendor, ask potential providers to show you their demos and provide detailed exhaustive troubleshooting tips on their website. They are also expected to provide you with a complete estimate that includes all up-front and ongoing costs. Pricing models may differ and based on flat rates, features, or the number of users. It is essential to compare.
Security is the main factor in determining the quality of a board portal. It should encrypt data in transit and in rest, and permit the control of access rights and authentication. It should also have a disaster recovery plan with a guarantee of uptime and go through regular external audits to ensure privacy, availability, and integrity.
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