The right board software can transform how your board operates and ensure that governance is carried out effectively and efficiently. Selecting the best board portal requires careful consideration of many factors.
In the first place, it’s important to determine the needs of your board at every stage of the board cycle. Some organisations have a specific process that is customized to their specific needs for each stage of the board cycle. Others are looking for simple ways to improve their efficiency and governance.
An excellent example is a software solution for managing boards which makes it easy to create and edit documents, embed hyperlinks and annotations, as well as share them from any device or platform in real-time. This allows members to collaborate on important files even when they are in different countries and locations. It also removes the need for paper copies that could be lost or shuffled during the process of transport.
It’s also important to choose the right board portal that is secure. A majority of the top solutions offer a variety security features such as multi-factor authentication and biometric scanners to access data centres. They also offer data encryption. This can help in satisfying the board’s duty to care and protect an organisation from costly legal actions in the event of a breach of confidential data.
When evaluating a board management software, it’s worth making sure that the vendor offers training and assistance to aid your board to get up and running quickly. It’s also worth considering how user-friendly the software can be, and whether it will meet the requirements of your board members.