What is a Board Portal?

A board portal is specialized governance software that safely and securely delivers digital board packs to directors and the organisation’s secretariat. They are automated and speed up which allows for better collaboration, enhanced discussions, and decision-making. They also help align all stakeholders in the same strategic direction.

They also save time and resources by eliminating printing, couriering email and the cost of preparing meetings. The capability to access the board’s documents and also communicate with a secure, private in-app messaging system means that board members are in touch at all times even when they’re in the office. They can prepare for meetings and sign documents online or on-app. They can also use the video conferencing feature to attend virtual meetings when they’re unable to attend in person.

What should you look out for in the board portal

Ask prospective vendors to provide demonstrations, as well as detailed, thorough troubleshooting guides, available on their website. You should receive an accurate quote that includes both the initial and ongoing costs. Pricing models can vary and be based on a flat rate, per feature or by the number of users, therefore it’s essential to compare the different models.

The most crucial requirement for an effective board portal is strong security. It should encrypt data in transit and while at rest and offer an extensive control of access rights and authentication. It should also have a disaster-recovery plan that guarantees uptime and go through regular external audits in order to ensure security, availability and security.

https://fitboardroom.com/esg-due-diligence-in-investment-planning/