Conducting a Board Portal Software Comparison

The board portal is an important component of an organization’s governance tools. Committees, boards, and executive leadership teams use it to streamline meeting workflows. They can collaborate with confidence because of the security features and be aligned on strategic decisions. It also reduces the time and cost of physical board materials. It isn’t easy for companies to select the right tool, as there are many software companies that offer board management. The best way to narrow your choices is to conduct an evaluation of the software used by boards. This includes evaluating security level and desired tools for board management and service/support quality.

Determine Your Needs

To begin start by deciding on the most important aspects for your board portal. This includes taking a look at the number of board members and the type of information you will be sharing. Find out the features required to meet these needs (e.g. secure messaging, D&O questionnaire help, around-the-clock client support). This information can later be used to evaluate board portals, and select the one that best suits your company’s needs.

How to evaluate the security level of your board portal

A high level of security is a must for board meetings since they discuss sensitive and confidential documents. To ensure that your website is as safe as it can be, look for a system that utilizes encrypted confidential files to safeguard against hacks and data theft. Additionally, a portal that has an audit trail that allows you to track who read and edited the documents.

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