After major financial scandals have rocked the markets and investors lost billions of dollars, companies began looking for ways to improve transparency https://ubisurfer.com/unlocking-efficiency-in-real-estate-transactions-the-role-of-real-estate-data-rooms/ and accountability. Board portals, also known as second generation portals, were engineered to securely facilitate communication and document sharing between board members, while facilitating meetings.
The technology has advanced to include additional features that assist board directors in communicating better prior to, during, and after meetings and make more informed decisions. Not all portals are created equal and it’s important to know the tools your board requires as well as what you would like to have.
If your company is thinking of its first purchase of a board management software or upgrading to a different software, it’s crucial to determine the features that are essential to an enjoyable user experience and a strong return on investment (ROI). This article will help you select the best option to meet your needs. It will provide important features that need to be included in any board management software.
A dedicated agenda builder for meetings is among the most useful features. Having this feature reduces the need to distribute meeting materials through email and ensures that all board members receive an exact copy of the agenda. A dedicated task manager lets secretaries to assign tasks to board members, which helps everyone to stay accountable.
A secure document center is another must-have feature that houses all the board’s documents in one location. This tool lets board members avoid emailing or uploading files to other hosting services like Dropbox or Google Drive. It also provides them with peace of mind knowing that confidential information will be safe from users who are not authorized.