The board portal is an essential instrument for the management of an organisation. Boards, committees, and executive leadership teams use it to streamline meeting workflows. They can collaborate with confidence, because of the security features, and align on strategic decisions. It also reduces the time and cost of physical board materials. The multitude of board software vendors that provide solutions can make it challenging for organizations to select the right software. Comparing board portal software is a good way to narrow your choices. This can include assessing the security levels, desired board management tools and the quality of service/support.
Know Your Needs
To begin the process, decide on what is most important for your board portal. This will include taking a look at the number of board members as well as the kind of information you will be sharing. From there, consider the features required to meet these needs (e.g. secure messaging, D&O questionnaire help, around-the-clock client support). The information you’ve gathered can be used in evaluating the different portals available to board members and choose one that is best suited to your business’s requirements.
Assessing the Security Level of Your Board Portal
Board meetings must be held with an extremely secure environment as they will be discussing confidential documents and sensitive information. Find a system that utilizes encrypted confidential files to shield your website from hacking and data theft. Additionally, a portal that has an audit trail will allow you to track who has accessed and edited documents.