A board portal is a safe and easy-to-use website application that simplifies the management of board-related tasks like dispersing materials for meetings and scheduling meetings, facilitating online voting, and keeping compliance with the requirements of regulatory agencies. Portal software can save time when preparing for board meeting and allow directors to focus on more important things such as strategic planning and business expansion.
It can be difficult to judge a provider’s quality and suitability in the market, given the numerous options, but the following key points are essential when choosing a good boardroom software:
Make sure that the platform is user-friendly. The most effective portals cater to users with various technological capabilities and can be accessed across a range of devices. They should be easy to navigate, and not overly complicated with features that could create confusion and cause frustration.
Consider a 24-hour support team. Board members are often overwhelmed and preparing for meetings can be stressful enough without the added worry that technology might fail or malfunction. A reliable company will provide a team of experts to help with any technical issues. This will ensure that disruptions are minimal and make the preparation for boardrooms as effortless as it is.
Choose a due diligence checklist service that has been externally audited and is compliant to regulations like SOX. It’s also important to assess the portal’s encryption and security capabilities, as these are crucial to ensure security and privacy.