If it’s for board meetings or for the entire organization, the board portal software can aid you in working faster and smarter. With one, simple-to-use tool it is possible to simplify and streamline agendas for board meetings, precise meeting minutes, and more.
Identify the specific needs of your board. For example, a key factor for boards that adopt online board management tools is security. Sharing board documents via email or with free editions of software like Dropbox pose significant risks for data breaches data room due diligence and unauthorized access. Corporate secretaries and members of the board are also looking for efficiency gains by offering a more convenient, secure and efficient method to manage and share information.
Examine the strengths of the available solutions by using a tool such as SelectHub’s Board Satisfaction Rating. This tool gives an average score based upon reviews from well-known review sites for software. It is also possible to create an entire board of directors including chairs and administrators to assess existing or well-known solutions. The evaluation process should focus on the entire board cycle to maximize net profit.
Check for essential functionality like agenda and planning tools and document management with an unlimited storage space for meetings papers and corporate documents such as boardbook templates with eSignatures, discussion, chat features and 1:1 communication channels. Make sure the software is compatible with third-party software and top calendar apps to facilitate meeting scheduling and document collaboration.