A software platform dubbed an online board portal allows you to plan meetings, keep records and conduct votes. The technology can be used to manage meetings and duties to ensure compliance with the regulations. But not all software for managing boards are created equal. It isn’t easy to decide between options that provide different features and prices. Take a look at the below questions to narrow your options prior to choosing the right board platform:
Whether you’re a small startup with a limited budget or a well-established company looking to improve collaboration and governance, a portal for board meetings can assist. The best board meeting portals can reduce administrative expenses and improve the quality of discussions, as well as align participants in the boardroom. They are equipped with a range of features to make document management and preparation for meetings easier and more efficient.
Some of the most important aspects include:
Agendas and documents. Board management software lets you create agendas and share them, add topics and documents, and then send the agenda to participants prior to the start of a meeting. It also lets you take notes and automatically generate complete minutes of meetings.
You can also utilize the board of directors portal to store and managing confidential documents. These include pitch decks for telehealth initiatives and investment memoirs for seed investors, and government agency research reports. The software’s central document repository makes it simple to access and organize files of all types. The redaction capabilities of the software will also speed up the time it takes for agencies to respond to FOI requests.