Board portal software is an online solution for managing the people and processes that schedule, document and oversee meetings between the board of directors and its management team. It allows secure remote access to meeting materials on any internet-connected device. Board members can sign-in using any web browser or mobile apps on their iPhone, iPad or other tablet. They can now access documents and meetings on the devices they most often use for work or pleasure.
The advantages of a board portal include decreasing the use of paper, increasing director engagement and providing secure online collaboration tools that help to improve the efficiency of the governance process. It can also save time and money by replacing costly printing, shipping and e-mailing of physical materials. A good portal for boards lets administrators set up permissions and to create one source of truth for all information. This increases transparency and accountability.
The selection of the right board portal software requires careful review of the features that will be most valuable for your business. Look for a software solution that has high ratings as well as many positive reviews on independent review websites like Capterra and G2.
Modern board portals offer an extensive array of security and collaboration tools that are easy to use for administrators but provide real value for boards. Board portals allow directors to comment on documents and other files in real-time and simultaneously without having to sift through emails and attachments that are easily lost or confused. This helps in preparing for meetings and participate in them and ensures board members have the most up-to current versions board portal solutions of documents when they are travelling across different continents or countries.