Features to Look For in Board Portal Software

Due diligence

With security issues, more hybrid or virtual meetings and the increasing use of paperless meeting formats for board meetings Many companies are considering board portal software. However, not all software is made equal and a range of features can be the difference between an effective implementation and one that’s not as efficient or even reveals unforeseen security risks.

The primary function of a board portal is to provide prompt and accurate access to information. Consider how intuitive different interfaces and products will be for your board members, considering their day-to-day activities on the board. Also consider the ease of use that are available for directors on the move, like tablets, offline access and support for remote approvals.

The majority of board members and secretaries have very limited time, which is why they require tools that are easy to use and help save time. Search for boards management systems that have features that eliminate the need to reprint or scanning physical documents. E-Signatures for instance, reduce the need to sign and re-distribute physical copies of documents. This is in line with sustainability goals and allows for faster and secured transmission of sensitive information.

Pricing can be a significant factor in deciding the best board of directors portal for your company. Be sure to ask about the different editions of the product and be aware of any additional costs for administrators or committees training, or the amount of data storage. Take into consideration the length of time that the product has been being sold, and whether other organizations in your industry have tested its durability and stability.