Conducting a Board Portal Software Comparison
The board portal is a key element of an organization’s management tools. It is used by committees, boards and executive leadership teams to improve meeting workflows, and collaborate using security features and coordinate on strategic decision-making. It also reduces the time and cost of physical board materials. The countless board software vendors that provide solutions can make it difficult for companies to choose the right tool. Comparing the various software available for board portals is a smart way to narrow the choices. This can include assessing the security level, desired board management tools and the quality of service/support.
Know Your Needs
Determine what is important to you in your board portal. This will include assessing the number of board members and what type of information you’ll need to share. From there, you can determine the features required to meet your needs (e.g. secure messaging, D&O questionnaire help, around-the-clock client support). The information gathered can then be used to analyze board portals, and select the one that is most suitable for your business’s needs.
How do you assess the security of your board portal
Board meetings must be held with an extremely secure environment, since they will be discussing confidential documents and sensitive information. Look for a system which uses encrypted confidential files in order to protect your website from data theft and hacking. Additionally, a site that has an audit trail will allow you to track who has accessed and edited documents.