The best providers of board portals provide an encrypted platform that facilitates collaboration and information flow for directors, directors, corporate secretaries. They let board members prepare for meetings, exchange materials, take minutes and distribute action items in one location. They also help support the most important aspects of governance by offering an official “single source of truth” for all committee and board documents regardless of whether they are kept in electronic or physical form.
Selecting the right online board meeting software is vital for any company that wishes to improve efficiency, productivity, and security. When choosing a supplier, consider the user experience and if it is compatible with any device (including smartphones and tablets) to ensure convenience and flexibility. Also look for a feature that lets users work offline (e.g. during travel or outages), the board member’s data will automatically sync once they are back online.
Many organizations utilize board portals, from nonprofits to financial service providers, and everything in between. They are crucial in improving the efficiency and governance for many organizations. The most common use case is to facilitate board and committee meetings, but they can be used to accomplish a number of other purposes.
A charity, for example, can utilize a board portal as a way to collaborate on fundraising, strategic planning and volunteer events. Private companies however can utilize a board-management tool to save confidential financial forecasts and investor pitches decks, and also collaborate with founders and seeds investors on new venture ideas.
