What is a Board Portal?
A board portal is an online management software platform which directors and corporate officials can use to arrange meetings, access resources and collaborate with each other. Board portals are an excellent method of reducing time. They serve as secure storage for Board documents and facilitate easy collaboration. Any modifications to documents can be pushed out immediately to ensure that the information is always up-to-date.
In addition to their main features, many of the board portals also provide additional features, such as synchronisation of meeting agendas and document approval that includes electronic signature and online voting to simplify processes and reduce paperwork. To maintain the privacy of sensitive information, the majority of portals follow strict security guidelines like password complexity policies as well as multi-factor authentication and encrypted data storage to prevent cyber-attacks.
Most board portals can be accessed on any web-enabled devices including tablets and smartphones. This allows travelling directors to continue to be engaged in their roles as board members by being able to review documents and participate in discussions from wherever they are.
Like with all types of software, it’s important to evaluate the quality of support offered by a provider of board portals. This includes the availability and quality of training videos and user guides, as well as the capability of the support team to respond to questions promptly. Also, inquire about the frequency of updates that are made to the platform to ensure it is up-to-date with best governance practices and meets the needs of your organization.