A board portal is an online tool that allows you to share and manage documents related to the work of your board or committee. The tools facilitate online communication and collaboration between members as well as facilitate online collaboration.
A wide variety of reasons can drive the adoption of board portal software such as security concerns about attachments to emails that could create real dangers the need for greater engagement from directors, the increase in workloads for governance specialists, and a desire to improve internal processes and minimize risks. Typically board members who are already using a software for managing boards will request it, either from their peers or from industry insiders.
Board of directors that have adopted a web-based board portal have seen significant improvements in the efficiency and effectiveness of their meetings. As the number of users continue to grow, more companies are seeking to expand their use of the software. To reap the most benefits it is essential to choose a reliable board of directors portal provider that provides a dependable support service as well as an easy onboarding process. Start the selection process by educating key stakeholders about the advantages of using board management software. Choose and recruit portal champions, usually from the board itself to help launch the software and ensure the success of the software’s implementation. This is especially crucial for organizations that have existing legacy systems that continue to be used in conjunction with the new portal.