The best boards portals offer an secure platform for corporate secrecy, administrators and directors that facilitates information flow and collaboration. They allow board members to prepare for meetings, share materials, record minutes and distribute action items in one place. They also assist with the main elements of governance by providing a trusted “single source of truth” for all committee and board documents, whether they are stored in physical or electronic form.
It is crucial for every company to select the best online board meeting software if they want to increase their efficiency, productivity and security. Consider the user experience when choosing a vendor and whether it works with any device (including tablets and smartphones) for ease of use. Look for features that permit users to work offline (e.g. during outages or travel) that will sync automatically once the board member is back online.
Many organizations use board portals that range from nonprofits to financial service companies and everything in between. They are essential to improving the governance and performance for a variety of organizations. The most common use case is to facilitate committee and board meetings however, they can be utilized for many different purposes.
For instance, a nonprofit can use a board portal to collaborate on fundraising, strategic planning, and volunteer events. Private companies however could use a board-management tool to archive confidential financial forecasts and investor pitch decks, and also collaborate with founders and seeds investors on ideas for new ventures.
