The right board software will transform how your board operates and ensure that governance functions are conducted efficiently and effectively. Selecting the best board portal requires careful consideration of many factors.
It is essential to first look at your needs at each stage of the cycle. Certain organizations have a specific workflow that is unique to their needs at every stage of the cycle, whereas others are simply looking for a simple method to improve their efficiency and governance.
A board management software is an example of a tool that allows users to create and edit documents. They can also include links and annotations and share them in real-time from any device. It lets participants work on important files even if they are in different locations and countries. It also removes the need for paper copies that could be lost or shuffled in transport.
It is also crucial to choose a board portal that is highly secure. The best solutions include a variety security features, including biometric scanners, multi-factor authentication for access to data centres, and encryption of data, all of which help to defend against cyberattacks. This can help to satisfy the board’s duty-of-care, and protect an organisation from costly legal actions in the event of a breach of sensitive data.
It’s important to check that the company offers training and support for your board so they can get up and running quickly. It’s also worth considering how user-friendly the software can be, and if it meets the requirements of your board members.