After financial scandals that impacted major corporations have shook industries and caused investors to lose billions of dollars, companies began looking for ways to improve transparency accountability, transparency, and accountability. Board portals, also referred to as second generation portals were created to facilitate secure communication and sharing of documents between the board members while facilitating meetings.
The technology has evolved to include additional features that help board directors communicate better prior to, during, and after meetings, and make more informed decisions. Not all portals are the same and it’s crucial to know what tools your board requires as well as what you would like to have.
If your company is planning to upgrade to a brand new board management software or purchase the https://ubisurfer.com/unlocking-efficiency-in-real-estate-transactions-the-role-of-real-estate-data-rooms/ first software, it’s important to determine what features are crucial to an enjoyable user experience as well as a strong return on investment. To help you navigate the process of selecting the right platform for your requirements, this article will highlight the most important software features.
One of the most important features to have is a dedicated agenda builder. It reduces the need to distribute the agenda via email, and ensures that every board member receives an official copy of the agenda. A dedicated task manager lets secretaries to assign tasks to board members, which helps everyone stay accountable.
Another must-have feature is a secure document center, which stores all of the board’s documents in one place. This tool allows board members to not email or upload files to other hosting services like Dropbox or Google Drive. It also gives them peace of mind knowing that their sensitive information will be safe from unauthorised users.
