What is a Board Portal?
Board portals offer a central repository for all information about the board that allows directors to access current and relevant material from anywhere. This allows them to efficiently prepare for meetings, manage tasks and collaborate on projects with their colleagues. Board members can also be empowered to sign documents using digital signatures, eliminating the need for expensive printing www.fitboardroom.com/whats-the-problem-with-business-data-security/ and distribution.
The implementation of a board portal can help organisations save money and resources while increasing their efficiency and effectiveness. It is important to consider the specific requirements of your organization when selecting a board management solution. Select a vendor that provides solutions and prices that meet the requirements of your board.
Previously, boards were given meeting packets in the form of paper via courier. It could take up to a few days for them to be opened and accepted. A board portal can cut the amount of time to just a few hours and send agendas, presentations report and other documents to attendees instantly. The board portal can also be used to host video-telephony meetings offering a consistent experience for directors.
It is important that the board portal selected is secure. This includes features such as data encryption and password complexity control, in addition to tracking users’ activities to minimize the possibility of unauthorized entry. It should also be able demonstrate that it is in compliance with industry standards like ISO 27001 and SOC 2 certifications. It should also have facilities that provide physical, procedural and personnel security measures.