A board portal is an online platform that helps improve governance practices, improves meeting productivity and efficiency, and reduces the time involved in administrative tasks such as the preparation, sharing and distribution of documents. As a result, companies achieve a substantial return on investment via paper savings printing, printing declines, as well as time saved.
The board portal of the future provides a secure platform for the exchange of sensitive and confidential data, as well as an efficient alternative to traditional methods of document distribution. For example, corporate secretaries can build and distribute board documents at the touch of an icon. This allows for immediate updates to be released and ensures directors have access to the most recent versions of documents and board materials.
A modern board management solution can also be utilized on devices that directors own. This makes directors more accessible and efficient. Board members can access the portal using various devices, including tablets and desktop computers. They can also take part in discussions and collaborate with other directors and the board administrator, regardless of whether they’re in the same room or around the globe.
It is important to choose the right board portal that is simple and intuitive to use. The more intuitive an application is the less need for training directors and board managers will require for its use. It is essential to schedule sessions of training that are tailored to the technical expertise of your board.