Board portal software is an online application for managing the processes and people that plan, document and manage meetings between the board of directors and its management team. It enables secure remote access to meeting materials from any device connected to the internet. Board members can sign-in using any web browser or mobile apps on their iPhone, iPad or other tablet. They are now able to access documents and meetings on the devices they most often use for work or pleasure.
The benefits of a board portal include cutting down on paper usage, increasing director engagement, and offering secure online collaboration tools that assist to improve the quality of the governance process. It also saves time and money by replacing costly printing, shipping and emailing of physical materials. A good board portal allows administrators to establish permissions and create an unifying source of truth for all information that enhances transparency and accountability.
The selection of the right board portal software requires a careful evaluation of the features that will be most beneficial to your company. Find a software that has a great rating and a lot of positive reviews from reputable independent software review sites like Capterra and G2.
Modern board portals provide a full set of collaborative and security tools that are easy for administrators to use 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 go through attachments and emails that can be easily lost or misunderstood. This allows you to better prepare for meetings and participate in them and ensures that board members have the most up-to date versions of documents even when traveling across different continents or countries.