An online board portal is a software platform that allows you to store and distribute documents for board meetings as well as schedule meetings and conduct votes. It also gives you tools to manage meetings and tasks, ensuring that you are in compliance with the laws. Not every board management software is created equally, however. Different solutions provide different features and come at a variety of price points, making it challenging to pick the right one for your organization. Use the following questions to narrow your options before choosing the right board platform:
A board meeting portal is a powerful tool for any company regardless of whether you are an emerging startup with a budget or a major corporation looking to improve collaboration and governance. The most effective portals for board meetings can reduce administrative expenses, improve discussions and align participants in the boardroom. They also offer many tools that make managing documents as well as meeting preparation much easier and more efficient.
Some of the most important characteristics include:
Agendas and documents. Board management software allows you to create agendas and share them, add documents and topics and send them to participants before the start of a meeting. It also lets you make notes and automatically create comprehensive meeting minutes.
Additionally, you can use the board of directors portal for storing and managing confidential documents. This includes pitch decks for projects to expand telehealth and investment memoirs for seed investors, and research reports for government agencies. The software’s central document repository allows users to easily access and organize all kinds of files. Additionally, its capabilities to redact can speed up the time required for agencies to respond to FOI requests.
