What is a Board Portal?
Board portals are software applications that facilitate collaboration, improve governance and ensure your organization is in compliance with regulations. They are designed to meet the specific needs of boards, executive leadership teams, and committees. They help streamline the process of meeting and allow secure document sharing, as well as support effective decisions.
The key issue is whether an application for managing boards will help you meet specific business goals and objective. It is important to understand the level of technical and customer support provided by your vendor. Examine the user-friendliness of your team, especially in the case of members with limited technical capabilities. A user interface that is simple to use will ensure that your board portal is adopted and its benefits maximized.
Meetings and agenda: A well-designed platform helps board members plan meetings by making synchronization of the calendars for all participants, and offering different tools for meetings, like polling, notes, eSignature, and minutes of meetings. It is also possible to distribute and modify documents while the meeting is in progress as well as track actions items and set deadlines for completion.
Simple management of actions and decisions Portals enable directors to submit ideas on important issues through the platform’s voting feature and get immediate feedback from their colleagues. Your company will be able to make better-informed quicker decisions and cut down on the need to hold lengthy meetings or to send out lengthy chain emails. The management of the flow of documents and communications also is much simpler and less expensive, and your team can concentrate their efforts on strategic discussions and activities that add value.