A software for board of directors solution is more than just a luxury for organisations. Boards require a mobile-friendly solution that allows directors to access board materials from anywhere. The technology must be simple to use for directors and offer seamless access to all devices, whether on the move or at home. It should be secure.
A board portal that is well-chosen will help save your organisation time and money. When evaluating the different solutions, consider both the upfront and ongoing costs. Examine the features and security options offered by each software. Certain board of director software vendors offer basic, professional and enterprise versions It’s essential to know the differences in features as you compare costs.
A well-designed board portal not only data rooms helps in reducing administrative time, but also offers advanced tools to improve the experience of board meetings for both members and administrators. For instance, many companies offer an « anytime, anywhere » approach that allows directors the option of logging-in via their mobile devices or a web browser. Certain solutions let directors note notes during meetings and to share their thoughts in real-time. Some also allow for simple electronic voting and the affixing of signatures to documents after meetings.
Another important feature to consider is the way in which the tool encourages good governance practices, for example, including safety and health items on the agenda or making minutes approved at the next meeting. A good board portal is simple to modify and expand as time passes.