Conducting a Board Portal Software Comparison
The board portal is a key component of a company’s governance tools. It is used by boards, committees and executive leadership teams to streamline meeting workflows, and collaborate using security features and ensure that they are aligned on strategic decision-making. It also cuts down on costs and time spent on physical board materials. The multitude of board software vendors that provide solutions can make it difficult for companies to choose the right tool. Comparing the various software available for board portals is a great method to narrow your choices. This involves evaluating the security level, as well as tools for board management and support and service.
Decide Your Needs
Determine what is important to you for your board portal. This will include determining the number of board members and what type of information you will need to disclose. Identify the features that are required to meet these needs (e.g. secure messaging, D&O questionnaire help, around-the-clock client support) asus review. The information you have gathered can be used to evaluate the various portals for board members and select the one that is best suited to your business’s needs.
Examining the Security Level of Your Board Portal
A high security level is essential for board meetings as they are where confidential and sensitive documents. To ensure that your website is as secure as you can you should look for a system that has encrypted confidential files to guard against hacks and data theft. Furthermore, a portal that has an audit trail allows you to trace who has read and edited the documents.