Board portals are a method that helps streamline meeting management. In contrast to the early software that granted access to board books Modern portals provide more functions. You should have a list of questions you can ask during demos.
What are the main advantages of a portal for boards?
Board portals let you create and distribute agendas using the relevant documents. Portals also allow for an easy way to track motion items, voting, and resolutions.
Boards can add comments to documents and collaborate in real-time, regardless how to implement investment banking software of the device or platform during the course of a meeting. Portals that prioritize security can even offer e-signatures to speed up document signing, which can prevent sensitive data from falling into wrong hands.
The portal will automatically generate minutes of meetings, removing the need for secretaries manually taking notes during meetings. This lets your board focus more on strategic issues and less time on administrative tasks.
Ask about the user-friendliness when evaluating a new board portal, or upgrading an existing one. Board members don’t have the time to waste learning the new software therefore, make sure you have features that guarantee the adoption of the software, such as instructional videos, FAQs, on-going remote training sessions and one point of contact for technical assistance. Think about how the pricing structure of your vendor fits into your organization’s budget.