An online board portal is a computer platform that allows you to store and distribute board documents as well as schedule meetings and conduct votes. The technology offers tools to manage meetings and duties to ensure compliance with regulations. But not all software used for board management are designed the same. There are many options that offer different functions and come at a variety of price points which makes it difficult to select the best one for your organization. Consider the following questions to narrow your options before choosing a board platform
If you’re a small-scale startup with a small budget or a reputable corporation looking to improve collaboration and governance practices A board meeting portal can assist. The most effective portals for board meetings can reduce administrative expenses and facilitate discussions. They also help to align members of the boardroom. They also include many features 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 lets you create and publish an agenda, as well as add related documents and topics, and distribute it to attendees prior to the meeting. You can also take notes and generate meeting minutes automatically.
It is also possible to use a portal for board of directors to manage and store confidential documents. This includes pitch decks for projects to expand telehealth as well as investment memoirs for seed investors, and research reports for government agencies. The software’s central document repository makes it simple to access and organize documents of all kinds. Its ability to redact documents can also help speed up the time agencies take to respond to FOI requests.