Effective Board Portal Software
In an age where digital technology is advancing rapidly and a digital board management tool is now seen as the norm rather than the exception in corporate governance. Boards that are innovative are embracing these tools and removing themselves from paper-based processes. They use board meeting apps to streamline their processes as well as manage information and communicate with colleagues.
A well-designed and user-friendly online portal for the board can help board directors and committees save time by eliminating the need to go through physical boards’ packs or email threads to locate relevant information. It is a single source for truth that allows users to easily access relevant information, manage tasks and communicate with colleagues. Moreover, the platform can be accessed from any location and on any device, allowing you to keep informed in all times.
Boards have a lot sensitive, confidential data to deal with on a daily basis, so it’s crucial that the system they choose to use Boardpaq comes with additional security measures to ensure the security of their data. Board portals permit users to store their files in a central hub and organize them into folders. They can also consider creating passwords for each file to shield it from unauthorised users.
Also look for solutions that include an annotation feature. This allows users to create notes and share them in real-time with others. A permanent purge feature decreases risk because it ensures that deleted comments, discussions and annotations cannot be recovered on any backup or server. In addition, it is important to know whether the service you’re considering invests in ongoing development and support. You can find out whether they’re responsive by checking their profile on forums and websites that rate companies.