A software platform called an online board portal allows you to organize meetings, keep records and conduct votes. It also gives you tools to manage meetings and tasks, as well as ensure compliance with laws. Not every board management software is created equally, however. It isn’t easy to decide between different options that have different features and prices. To narrow your options take a look at the following concerns before selecting the best board portal for your needs:
A portal for board meetings is a powerful tool for any business regardless of whether you’re just a small business on a budget or a large corporation seeking to improve governance and collaboration. The most effective board of directors portals cut down on administrative costs, facilitate better discussions and help align members of the boardroom. They have a variety of features to assist in the management of documents as well as preparation for meetings more efficient.
The most important features are:
Agendas and documents. Board management software lets you create and publish an agenda, as well as add relevant documents and topics, and send it to participants before the meeting. It also allows you to make notes and automatically create complete minutes of meetings.
You can also use a portal for board of directors to manage and store confidential documents. These include pitch decks for telehealth projects or investment memoirs for seed investors, and agency research reports. The software’s central document repository makes it easy to access and organize all types of documents, and its ability to redact documents can speed up the time required for agencies to respond to FOI requests.
