An online board portal is a computer platform that lets you store and distribute documents for board meetings, schedule meetings and conduct votes. The technology also comes with tools to manage meetings and tasks, ensuring compliance with rules and regulations. Not all board management software is created equally, however. Many solutions offer different functionality and price points which makes it a challenge to select the best one for your company. Use the following questions to narrow your options before selecting the right board platform:
No matter if you’re a startup with a small budget or a reputable corporation looking to improve collaboration and governance A board meeting portal can be of assistance. The best board meeting portals can help reduce administrative costs and enhance discussions as well as bring together all the stakeholders in the boardroom. They come with a range of features to assist in the management of documents as well as preparation for meetings more efficient.
Some of the most important features include:
Agendas and documents. Board management software allows you to create and share an agenda, add relevant documents and topics, and send it to participants before the meeting. It also lets you note notes and automatically create complete minutes of meetings.
You can also use the board of directors portal to store and managing confidential documents. This includes pitch decks for telehealth expansion projects and investment memoirs for seed investors as well as research reports for government agencies. The software’s central document repository makes it simple to access and organize documents of all types. The redaction capabilities of the software can also reduce the time it takes for agencies to respond to FOI requests.