Board portal software is an online tool for managing the people and processes that plan, record and oversee meetings between the board of directors and its management team. It gives secure remote access to the materials used in meetings from any device connected the internet. Board members can log in using any mobile or web-based browser from their iPhone, iPad, or any other tablet. They can now access documents and meetings on the devices they use most often for work or pleasure.
A board portal can reduce the use of paper, increase director engagement, and provide secure online collaboration tools that can help improve the governance process. It also helps save money and time by replacing expensive printing shipping, e-mailing and physical material. A good portal for boards lets administrators set permissions and create an unifying source of truth for information which increases transparency and accountability.
It is crucial to carefully look over the features that will be the most beneficial for your company when selecting the right board portal. Choose a product that has a high rating and plenty of positive reviews from reputable independent software review websites like Capterra and G2.
Modern board portals offer a complete set of security and collaboration tools that are easy for administrators to utilize, but deliver real value for boards of directors. Board portals allow directors to comment on documents and other documents in real-time and simultaneously, without having to sort through emails and attachments which can easily be lost or confused. This helps in preparing for and attend meetings and ensures board members have the most up-to date versions of documents even when they travel across continents or across countries.