Board portal software is a solution on the web that manages the people and processes involved in scheduling, documenting and managing meetings between the board and its management team. It permits secure remote access to meeting materials via any device connected to the internet. Board members can login using any web browser or mobile apps on their iPhone, iPad or other tablet. This means they are able to access meetings and documents at any time and from devices they use frequently for work or leisure.
The benefits of a board portal include reducing paper use, improving director engagement, and offering secure online collaboration tools that aid to improve the effectiveness of the governance process. It can also save money and time by replacing costly printing, shipping and board meeting management software e-mailing of physical materials. A good board portal lets administrators define permissions and establish one source of truth for information that enhances transparency and accountability.
Selecting the appropriate board portal software requires a careful evaluation of the features that will be most valuable to your company. Choose a solution that has high ratings as well as many positive reviews on independent review websites like Capterra and G2.
Modern board portals provide a comprehensive set of collaboration and security tools, which are simple to use for administrators but are a real benefit for boards. Instead of having to sort through emails and attachments, which could easily be lost or confusing board portals allow directors to post comments on documents and other files from any device or platform in real-time and simultaneously. This allows you to better prepare for meetings, and to attend them, and ensures that board members are using the most up to current versions of documents, even when they travel across continents or countries.