Board portal software is an online application for managing the people and processes which schedule, record and oversee meetings between a board of directors and its management team. It allows secure remote access to meeting materials via any device connected to the internet. Board members can sign-in using any browser on the internet or mobile apps on their iPhone, iPad or other tablet. This means they can access meetings and documents at their convenience and on devices they use regularly for work or leisure.
The benefits of a board portal are cutting down on paper usage, increasing director engagement and providing secure online collaboration tools that aid to enhance the effectiveness of the governance process. It also saves time and money by replacing costly printing, shipping and sending of physical materials. A good portal for boards allows administrators to define permissions and establish a single source of truth for information that enhances transparency and accountability.
It is essential to carefully examine the features that are likely to be the most beneficial for your business when selecting the best board portal. Look for a solution that has a great rating and a lot of positive reviews on reliable independent review sites for software like Capterra and G2.
Modern board portals offer a comprehensive set of collaboration and security tools, which are easy to use for administrators but offer real value to boards. Instead of having to sift through emails and attachments that can easily be lost or misunderstood boards of directors can use portals to allow them to post comments on documents and other files, from any device or platform, in real-time and simultaneously. This makes it easier to prepare for and attend meetings, and ensures that board members are using the most up to updated versions of documents when traveling across different continents or countries.