A modern board portal can be a useful tool for businesses, saving them time and money. It also improves communication between the leadership groups. With a variety of suppliers available, identifying the best solution may be tricky. This article will highlight some important questions you should ask potential suppliers in order to select the most suitable solution for your organization.
It is crucial that your board portal provider is transparent about their development plans and willing to listen to feedback from users to pinpoint areas of improvement. This is crucial given the threat of cyber-attacks. McAfe estimates that these cost businesses more than $1 trillion annually.
Choose a board platform that is simple to use by all members, no matter how tech-savvy they may be. This will cut down time for admins for training and onboarding and it will enable more effective board meetings. To simplify your governance process, choose a platform that comes with powerful dashboards, calendars integrations and electronic https://usboardroom.com/what-is-membership-management-software/ signatures.
While preparing for meetings directors often want to make notes and make annotations on documents they’re looking over. It is essential that the board management software provides for this, and it has the required audit trails to ensure that any future disputes are resolved quickly and easily.
Finally, your board portal should include a questionnaire feature to assist you with annual D&O procedures and COI surveys. These should be easy to use and offer a fast turnaround time for both administrators and members. You should also look for an application that is permanent to ensure that any annotations and comments are removed from your portal once the meeting has ended and the document is no longer required to be used.