A board portal is an online platform that helps improve governance practices, improves meeting productivity and efficiency and decreases time spent on administrative tasks like the preparation, sharing and distribution of documents. In the end, businesses get a significant return on investment via paper savings as well as printing reductions and time saved.
The modern board portal also provides a secure platform for the exchange of sensitive and confidential information, and is a great alternative to traditional methods of document distribution. For instance corporate secretaries can create and distribute board materials by simply pressing one button. This allows for instantaneous updates to be made available and ensures directors have access the most recent version of board materials and documents.
Modern board management solutions can also be used on the devices owned by directors. This makes directors more accessible and efficient. Board members can access the portal via different devices like tablets and desktop computers. They can also collaborate and engage in discussions with other directors and the board administrator if they are in a room together or on the other side of the globe.
It is essential to select a board portal that is intuitive and easy to use. The more user-friendly an application is and the less training board administrators and directors will need to effectively use it. It is important to consider the technical proficiency of your board members and schedule training sessions that meet their needs.