The board portal is an important component of an organization’s governance tools. It is used by boards, committees and executive leadership teams to improve meeting workflows, and collaborate using security features and ensure that they are aligned on strategic decisions. It also reduces the https://proxynewspro.com/importance-of-the-virtual-data-room-for-the-mid-market/ time and cost of physical board materials. It can be a challenge for businesses to choose the right tool, as there are many companies offering software for boards. A smart way to narrow your choices is to conduct a board portal software comparison. This can include assessing the security levels and desired tools for managing boards and service/support quality.
Determine Your Needs
To begin, decide on what is most important to your board portal. This includes assessing how many board members you will have and what kind of information you will need to share. From there, you can determine the features required to meet those needs (e.g. secure messaging, D&O questionnaire help, around-the-clock client support). The data you’ve collected can be used to analyze the various portals for board members and choose the one that meets your company’s needs.
Evaluation of the Security Level of Your Board Portal
Board meetings need to be conducted with a high degree of security as they will be discussing confidential documents and sensitive information. Look for a system which uses encrypted confidential files in order to safeguard your website from hacking and data theft. Additionally, a portal which has an audit trail can allow you to see who has opened and edited documents.