A platform for software called an online board portal allows you to schedule meetings, keep records and conduct votes. The technology provides tools for managing meetings and tasks to ensure compliance with the regulations. However, not all software used for board management are designed the same. Many solutions offer different functionality and come at a variety of price points making it difficult to choose the right one for your business. Use the following questions to narrow your options before choosing the right board platform:
Whether you’re a small startup with a modest budget or a reputable corporation looking to improve collaboration and governance A board meeting portal can be of assistance. The best board of directors portals reduce administrative costs, enable better discussions and aid in bringing together stakeholders in the boardroom. They come with a range of features that make document management and preparation for meetings easier and more efficient.
Some of the most important characteristics include:
Agendas and documents. Board management software allows you to create and share agendas, as well as add topics and documents and then distribute participants prior to a meeting. You can also take notes and record minutes of meetings automatically.
You can also use the board of directors portal to store and managing confidential documents. These include pitch decks for telehealth initiatives or investment memoirs for seed investors, and government agency research reports. The software’s central document repository allows you to easily access online board portal software and organize files of all kinds. Its capabilities for redaction can also reduce the time it takes agencies to respond to FOI requests.