A board portal is an online platform that enhances governance practices, improves efficiency and productivity of meetings, and reduces the time spent on administrative tasks such as the preparation, sharing and distribution of documents. Companies realize a significant ROI from their investment by reducing the amount of paper they use, the cost of printing and reducing the amount of time spent on labour.
The modern board portal provides a secure environment for the exchange of sensitive and confidential information, and is a great alternative to traditional methods of document distribution. Corporate secretaries, for instance can create and distribute board materials with a click. This allows for instantaneous updates to be distributed and ensures directors have access to the most current version of board documents and documents.
Modern board management solutions can also be used on devices that directors own. This provides convenience and accessibility to directors who are moving around. Board members can log in and access the portal using many different devices such as desktop computers, tablets, and mobile phones. They can also join discussions and collaborate with other directors and the board administrator regardless of whether they are in the same room or around the globe.
It is important to choose an online portal for boards that is intuitive and easy to use. The more user-friendly a tool is, the less training board directors and administrators will require to use it effectively. It is important to schedule sessions of training that are tailored to the technical expertise of your board.