Board Portal is an online application used by companies to streamline meetings, share documents and files, and enhance governance. The tool is rapidly growing in popularity among not-for-profit as well as for-profit organizations due to its numerous role of the company secretary benefits. The tool can save time and money, as well as reducing the need to purchase, maintain and manage various software solutions for tasks like meeting minutes communications, document sharing, communication and voting.
Collaboration on documents can be done in real-time across devices and platforms, even when board members are on different continents. Use pre-built agenda templates to quickly design and share agendas and calendar integrations to view the schedules of everyone in real-time, and eSignatures for instant approval of decisions. The system maintains a log of all votes, actions and comments to help you get a complete picture.
Board portals let directors communicate securely with committee members or team members prior to and during meetings. They can also review and add annotations to documents online. They also ensure that all changes are recorded and backed up so that the most current version is always accessible.
The best software for managing boards offers strict security protocols including two-factor authentication and encryption of all stored information and communications. They also often support the policy of data retention to limit liability for the company. They should also provide an opportunity to trial the software for free for potential customers, so that they have the chance to try the software before committing to it.