After financial scandals that caused a ruckus in the industry and investors lost billions of dollars, companies began looking for ways to increase transparency and accountability. Board portals, formerly known as second generation portals, were designed to facilitate secure communication and sharing of documents between board members as well as facilitating meetings.
Technology has advanced and comes with additional features that can help board directors communicate more effectively before, during and after meetings and make better choices. However there are many different portals that are created equal, and it is important to understand what tools your board actually requires versus what would be nice to have.
If your organization is looking to upgrade to a brand new board management software or purchase the first software it is crucial to identify what features are crucial https://ubisurfer.com/unlocking-efficiency-in-real-estate-transactions-the-role-of-real-estate-data-rooms/ to an enjoyable user experience as well as a good return on investment. To help you navigate the process of choosing the best platform for your requirements this article will provide the most important software features.
One of the most important features to have is a dedicated meeting agenda maker. This feature will eliminate the need for sharing meeting materials via email and ensures all board members get an agenda copy. A dedicated task manager lets secretaries assign tasks to board members, allowing everyone stay on track.
Another must-have feature is an encrypted document center that hosts all the board’s documents all in one place. This tool allows board members to avoid emailing or uploading files to other file hosting services, such as Dropbox or Google Drive. It also gives them peace of mind knowing that sensitive information will be safe from users who are not authorized.
