Choosing a Board Portal
A board portal is an online platform that helps improve governance practices, increases meeting efficiency and productivity, and reduces the time spent on administrative tasks like preparing, sharing and distributing documents. Businesses can see a substantial return on their investment cutting down on the amount of paper they use, the cost of printing and also reducing time-consuming labour.
The modern board portal also provides a secure platform for the exchange of sensitive and confidential information, and also an easy alternative to traditional methods of distribution of documents. For instance corporate secretaries can create and distribute board-related documents with a click of one button. This allows instantaneous updates and ensures directors have access the latest version of the board’s documents and materials.
A modern board management system can also be utilized on the devices of directors. This offers convenience and accessibility to directors who are traveling. Board members can access the portal using various devices, including desktop computers and tablets. They can also collaborate and take part in discussions with other directors and the board administrator if they are in a room together or located on the opposite side of the globe.
When selecting a board portal it is crucial to choose one that is simple for users and easy to understand. The more intuitive an application is, the less training directors and board administrators will need to use it effectively. It is important to think about the technical skills of your board members and arrange the training sessions to meet the needs of your board members.