After financial scandals that impacted major corporations caused disruption to industries and investors to lose billions, businesses began to look for ways to increase transparency, accountability, and disclosure. Board portals – referred to as second generation portals were created to facilitate secure communication and document sharing between the board members while facilitating meetings.
Technology has advanced and incorporates additional features to help board directors communicate better before, during and after meetings and make better choices. Not all portals are created equal and it’s important to know which tools your board requires and what features you would like to have.
If your company is contemplating its first board management software purchase or upgrading to a different solution, it’s important to consider what features are crucial to an enjoyable user experience and a high return on investment (ROI). To help you navigate the process of selecting the best platform for your requirements this article will outline the essential software features.
A built-in agenda maker for meetings is one https://ubisurfer.com/unlocking-efficiency-in-real-estate-transactions-the-role-of-real-estate-data-rooms/ of the most useful features. Having this feature reduces the necessity of sharing meeting materials via email and ensures that every board member receives a copy of the final agenda. In addition, having a dedicated task manager that allows secretaries to assign tasks to each board member, helps everyone be accountable for the responsibilities they have been assigned.
A secure document center is a must-have feature that houses all of the board’s files all in one place. This tool eliminates requirement for board members to email or upload files to other file-hosting services, such as Dropbox or Google Drive, and it can also give peace of mind that sensitive information is secured from unauthorized users.