A board portal is a platform that enables better governance, increases the efficiency of meetings and cuts down on administrative tasks, such as creating, sharing, and disseminating documents. As a result, companies see a significant return on their investment due to paper savings printing costs, printing decreases, and the time saved by employees.
The new board portal offers a secure environment for the exchange of confidential and sensitive information, as well as a convenient alternative to traditional methods of document distribution. For instance corporate secretaries can create and distribute board-related documents by simply pressing one button. This allows for instant updates and ensures directors have access the latest version of the board’s documents and other materials.
In addition, a current board management software program can be utilized on devices that directors already have. This offers convenience and accessibility for directors who are in motion. Board members can log in and access the portal from various devices including tablets, desktop computers and mobile phones. They are also able to collaborate and participate in discussions with other directors as well as the board administrator if they are in the same room or in a different part of the world.
It is essential to select the right board portal that is intuitive and easy to use. The more user-friendly an application is the less training directors and board administrators will require for its use. It is important to consider the technical skill levels of your board members and plan training sessions that meet the needs of your board members.