After major financial scandals in the corporate world have shook industries and caused investors to lose billions of dollars, organizations began looking for ways to improve transparency as well as accountability and disclosure. Board portals – also known as second generation portals were created to allow secure communication and document sharing between board members, while facilitating meetings.
The technology has evolved to include additional features to assist board directors in communicating better before, during as well as after meetings, and make more informed decisions. Not all portals are the same and it’s essential to know what tools your board needs and what features you would like to have.
If your company is contemplating its first board management software purchase or upgrading to a more modern solution, it is essential to determine what features are crucial to an easy user experience and a substantial return on investment (ROI). This article will help you pick the best option to meet your needs. It will outline the key features that must be included in the software for board management.
A built-in agenda maker for meetings is among the most useful features. This feature will eliminate the need for sharing meeting materials via email, and ensures that all board members have the agenda in its entirety. A dedicated task manager allows secretaries to assign tasks to board members, which helps everyone stay on track.
A secure document center is a must-have feature that stores all the board’s documents in one place. Utilizing this tool eliminates the requirement for board members to email or upload documents to other file-hosting services, like Dropbox or Google Drive and gives security of knowing that sensitive data is safe from unpermitted users.
like it https://boardroomdeluxe.com/business-essentials-the-data-room-solution/