Best Board Portal Software
The right board management software can make the difference to a company’s efficiency and governance. But, with the wide variety of options available on the market how do you determine which one is suitable for your business? It is crucial to take the time to examine different options to select an option that is practical and cost-effective for your board.
A good board of directors portal should offer a full suite of tools to meet your individual needs including dynamic agendas for meetings and specific tracking tools. The presence of these tools will ensure that each action item is completed, and eliminate gray areas where responsibility could slip through the cracks. In addition, a reliable portal should also offer an easy way to print and distribute board books as well as other meeting materials.
The software should also be encrypted and secure to stop data from being lost or shared without authorization. Select a vendor with a strong security system, runs in hardened data centres and is able to obtain a variety of certifications including SOC2. The best boards portals offer user-specific end-user permission settings and two-factor authentication, third party penetration tests, and customer-managed and managed encryption.
Mobile-friendly features are essential for keeping directors engaged while traveling. Look for a portal that gives board members tablets that allow offline access, as well as simple uploading of documents. Be sure to consider the support offered by the portal. A lot of companies provide 24/7/365 assistance for both boards and board administrators. This can include How-To-Videos and FAQs, as well as ongoing remote training sessions and one point of contact.
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