Conducting a Board Portal Software Comparison
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The board portal is an important tool in the governance of an company. It is used by boards, committees and executive leadership teams to enhance meetings workflows, collaborate effectively with security features in place and coordinate on strategic decision-making. It can reduce the time and expenses spent on materials for boards. It can be a challenge for businesses to select the appropriate tool due to the many companies offering software for boards. Comparing software for board portals is a good way to narrow your choices. This can include assessing the security level, desired board management tools and the quality of service/support.
Assess Your Needs
Find out what is most important to you in your board portal. This includes assessing the number of board members you will have and what kind of information you will require to share. From there, consider what features are needed to meet the needs of your board (e.g. secure messaging, D&O questionnaire help, around-the-clock client support). The information you have gathered can be used to assess the board portals available and choose one that is best suited to your business’s needs.
How can you determine the security of your board portal
A high security level is a must for board meetings, since they will be discussing sensitive and confidential documents. To help ensure your portal is as secure as possible, look for a system that uses encrypted confidential files to protect against data theft and hacks. A portal with an audit trail allows you to monitor who has accessed or edited the documents.
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