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Board of directors portal software or Board Portal or Board of directors portal software by way of definition. A board portal is a tool or software that facilitates secure digital communication between members of a board of directors. A board portal also known as a board management software, is a digital tool that facilitates secure communication between directors and senior executives on their chosen device anytime and anywhere.
Board portals provide board directors and administrators with communication and collaboration tools to simplify document sharing, minute tracking, online voting, approvals, and decision-making.
Board of directors portal software
Board of directors portal software is designed to elevate transparency, practice good governance, and work efficiently, a board portal software streamlines the entire board meeting process – removing the need to print documents, coordinate through emails, and physically compile annotations.
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History and Rundown of Job Portal
The whole concept of board portals was non-existent years ago. However, significant changes brought about by a combination of events across the globe have created this market. With this, the idea of using software as an integral part of board communications was born.
How To Choose The Right Board Portal:
- Evaluate your current board book solution and identify your pain points. A paperless board portal can bring security and eliminate shipping costs, for example.
- Decide what your “must-have items” are in a board portal like the addition of a secure messenger, D&O questionnaire help or 24/7 customer support.
- Utilize resources like our buyer’s guide to help you choose the right board portal software for your organization and board.
- Offline-syncing and a board portal app for iOS, Android, and the web browser are key features to keep your board nimble – choose a board portal solution that provides the best options for your board
- Before the advent of online board portals, corporate secretaries were responsible for creating cumbersome paper board books and keeping them updated. As the technology continues to grow, be sure to choose a solution that provides the right tools for your corporate secretary to enable your board. A great way to make sure your board portal supports your corporate secretary is to see what solutions the board provider you choose is working to develop their roadmap.
When looking for a board portal software, there are five main areas you should be sure to ask any potential portal vendors:
Best Board Management Software
- Nasdaq Boardvantage
- Azeus Convene
- Diligent Boards
- Decision Time Meetings