A board portal is software that gives secure and easy access for everyone in an organization to documents, communications, and meetings. It streamlines governance processes, aids in facilitate productive meetings, and aids in organizational compliance through enhanced transparency and accountability.
When evaluating possible board portal solutions, make sure you ask these crucial questions to get the most value.
Simple to use for directors and administratorsA good portal must be intuitive, user-friendly and easy to learn. This will allow users to navigate efficiently and quickly. Select a company that offers professional support and flexible training options to suit different learning styles. It’s also beneficial if the portal is compatible with directors’ preferred devices (laptops or tablets) to improve their comfort and engagement.
Audits of regulatory compliance – A well-designed portal will allow for the secure and organized storage of documents pertaining to compliance. This increases transparency and reduces the risk. It also assists audits for regulatory auditors by providing a detailed account of approvals, actions changes, and other decisions.
Meeting management features – A great portal simplifies the preparation of agendas and their distribution which allows directors to be prepared efficiently prior to and during meetings. It also allows them to conduct effective strategic planning sessions by making use of real-time collaboration tools. It also provides action items at the committee and board levels which makes it easier for the organization track the progress towards achieving its goals. It also promotes organizational transparency and accountability by providing roles-based permissions as well as detailed audit trails. This ultimately improves the productivity of your business.
