The best board portal providers provide secure platforms that simplify collaboration and information flow for directors, and corporate secretaries. They help board members prepare for meetings, share documents take minutes, and circulate action items–all in one place. They also help support the most important aspects of governance by offering an unquestioned « single source of truth » for all documents for committees and boards regardless of whether they are kept in electronic or physical form.
It is important for any business to choose the right online board meeting software if they wish to increase their efficiency, productivity and security. Think about the user experience when choosing the right vendor and whether it is compatible with any device (including tablets and smartphones) for ease of use. Consider features that allow users to work offline (e.g. during travel or outages), which will sync automatically once the board member returns online.
Board portals are used by a myriad of organizations, from non-profits to financial services and everything in between. They are crucial to improving the efficiency and governance for many organizations. They are most commonly utilized to facilitate board meetings and committee meetings. However they can be utilized in many different ways.
For instance, a nonprofit might use a web-based portal for its board to collaborate on fundraising, strategic planning and volunteer-related events. Private companies can use a board management tool to archive confidential financial projections and investor pitch decks, and collaborate on new venture ideas with founders and seed investors.