The board portal is an essential tool in the governance of an business. It is used by committees, boards and executive leadership teams to optimize meeting workflows, work together with security features in place and ensure that they are aligned on strategic decision-making. It also reduces costs and time spent on physical board materials. The numerous companies offering board software that provide solutions can make it difficult for companies to choose the right software. A smart way to narrow down your options is by conducting a board portal software comparison. This includes assessing security level and desired tools for managing boards and the quality of service/support.

Determine Your Needs

Determine what is important to you for your board portal. This will include taking a look at the number of board members as well as the type of information that you will be sharing. From there, consider what features are necessary to meet those needs (e.g. secure messaging, D&O questionnaire help, around-the-clock client support). The data you’ve collected can be used to assess the various portals for board members and choose the one that best suits your business’ needs.

Assessing the Security Level of Your Board Portal

Board meetings must have a high level of security as they will be discussing confidential documents and sensitive information. Find a system that utilizes encrypted confidential files to safeguard your website from hacking and data theft. Furthermore, a portal that has an audit trail that allows you to track who access to and edited your documents.