What is a Board Portal?
A board portal is a governance software that secures and safely delivers digital board packs for directors and the secretariat of their company. They are automated and simplify to facilitate better collaboration in discussions, improved discussion, and better decision-making. They also aid in aligning all stakeholders to the strategic direction.
They also save money by reducing the costs of printing or couriering documents, as well as emailing. Board members can access board documents and communicate using a secure, in-app messaging system, even when they aren’t in the office. They can prepare for meetings and sign documents online or on-app. They can also use the video conferencing feature to participate in virtual meetings when unable to attend in person.
What should you look for in a board portal
Ask potential vendors to provide demonstrations, as well as detailed, complete troubleshooting tips on their website. You should be able get a precise quote that includes both the initial and ongoing costs. Pricing models may vary and may be based on a flat rate per feature or the number of users, therefore it is important to evaluate them.
The most critical criteria for a good board portal is robust security. It must encrypt all data while in the process and at rest and have granular restrictions on access and authentication rights. It should also have a disaster recovery plan that provides a guarantee of uptime, and be subject to regular external audits in order to ensure security, availability and security.