Board portals are an innovation that helps streamline meeting management. As opposed to the nascent software which only allowed access to books for board meetings modern portals provide more functionality. You should boardroom-online.blog/data-room-investment-banking-for-specific-purposes have the list of questions that you can ask during demos.
What are the most important characteristics of a board portal?
Effective meeting management starts well before the meeting, using board portals allowing you to create agendas and distribute them with relevant documents. Portals make it simple to keep track of resolutions, voting and actions items.
During the meeting, boards can be able to comment and collaborate on documents in real-time across any device and platform. Security-focused portals can even offer e-signatures to speed up document signing, thus preventing sensitive information from falling into improper hands.
Meeting minutes are automatically created within the portal, eliminating the need for secretaries to manually record notes as the meeting goes on. This allows your board to spend more time on strategic issues and less time on administrative tasks.
Whether you’re considering adopting a new board portal or upgrading your existing one, you should inquire about how easy it is to use. Board members are busy and don’t want to spend time learning a new system. Find features that will ensure adoption like how-to videos and FAQs, remote training sessions, and a single point of contact for technical support. Think about how the pricing structure of your vendor fits into your organization’s budget.
