How to Select an Online Board Portal
An online board portal is a computer platform that lets you store and distribute board documents, schedule meetings and conduct votes. The technology also comes with tools to manage meetings and tasks, as well as ensure compliance with regulations. Not every board management software is identical, however. Many solutions offer different functionality and have varying price points which makes it difficult to pick the right one for your company. Think about the following questions to narrow your options before selecting a board platform:
A portal for board meetings is a powerful tool for any business regardless of whether it’s just a small business on a budget or a large corporation seeking to improve collaboration and governance. The best portals for board meetings can reduce administrative costs and facilitate discussions. They also help to align participants in the boardroom. They also have various features that make document management and meeting preparation easier and more efficient.
Some of the most important features are:
Agendas and documents. Board management software allows you to create and distribute an agenda, add related documents and subjects, and send it out to participants prior to the meeting. It also allows you to make notes and automatically create complete minutes of meetings.
You can also use a board of directors portal to store and manage confidential documents. These include pitch decks for telehealth projects as well as investment memoirs for seed investors, and agency research reports. The software’s central repository for documents makes it simple to access and organize documents of all kinds. Its capabilities for redaction will also speed up the time it takes agencies to respond to FOI requests.