What is a Board Portal?
Board Portal is a software application that allows the sharing of documents, data and other information in a secure online environment. It is a central repository for board materials that can be accessed from any location by both stakeholders and directors. It also includes a range of tools that allow directors to engage during meetings and collaborate, which can lead to better governance and decision-making.
A third-generation portal is designed to be secure, easy to access from any device. Its technology makes it easier to prepare for meetings and decreases the amount of time people in the field of governance have to spend searching through board books or email threads. It can help reduce the number of meetings, allowing for a more efficient use of resources and more effective corporate culture.
A reputable service provider of this type will understand the unique requirements and challenges of a board, and offer a custom solution that is easy to set up and use. It should also offer comprehensive support with regard to training and documentation for novice users. In addition, it should provide an affordable pricing structure to ensure that the solution can be implemented and used within the budgetary constraints of the organisation. Selecting a reputable provider will boost the effectiveness of any boardroom, and increase the efficiency of the governance function as well as the rest of the company. It can also help boards remain agile and responsive in an increasingly turbulent world.