The right software for your board can alter the way your board works and ensure that governance can be executed more efficiently and effectively. However, selecting the best board portal for your needs requires careful analysis of several factors.
In the first place, it’s crucial to think about what your requirements are at every stage of the board cycle. Some organizations have a distinct workflow that is unique to their needs at every stage of the cycle, whereas others are seeking a simple solution to increase their efficiency and governance.
A board management application is an example of a program which allows users to create and edit documents. They can also embed annotations, links and hyperlinks and share them in real-time on any device. It allows members to work together on important files even if they live in different locations and countries. It also helps eliminate paper copies which could be lost or shuffled during transport.
It is also important to select a portal that is well-secured. A majority of the top solutions come with a variety of security options, including multi-factor authentication, biometric scanners for access to data centres and data encryption, all of which help to protect against cyberattacks. This can help in satisfying the board’s duty-of-care, and safeguard an organization from costly legal action in the event of a breach involving sensitive data.
When evaluating a management for boards software solution, it’s worth checking that the company offers training and support to aid your board to get up and running swiftly. It’s also worth considering how user-friendly the software can be, and if it meets the requirements of your board members.