After financial scandals that have rocked the markets and investors lost billions of dollars, organizations began looking for ways to increase transparency and accountability. Board portals, also known as second generation portals were designed to facilitate secure communication and document sharing between board members as well as facilitating meetings.
The technology has advanced to include additional features that help board directors communicate better before, during, and after meetings, and take more informed decisions. However there are many different portals that are created equal. It is essential to know which tools your board really needs and what features you would like to have.
If your company is planning to upgrade to a new board management software or buy the first software available, it’s important to determine which features are essential for an enjoyable user experience as well as a strong return on investment. To assist you in the process of selecting the right portal for your needs this article will provide the essential software https://ubisurfer.com/unlocking-efficiency-in-real-estate-transactions-the-role-of-real-estate-data-rooms/ features.
One of the most important things to have is a dedicated meeting agenda creator. This feature eliminates the necessity of sharing meeting materials via email and ensures that each board member receives a copy of the final agenda. Additionally, having a task manager who lets secretaries assign tasks to board members helps everyone be accountable for the tasks they are assigned to them.
Another must-have feature is a secure document center, which stores all board documents all in one place. This tool eliminates the need for board members to send files via email or upload them to other file-hosting services, like Dropbox or Google Drive, and it will also give you security of knowing that confidential information is secure from unauthorised users.